What Does A Trump Presidency Mean For Your Money? | Minority Mindset - Jaspreet Singh

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . Investing 101 FREE ebook: http://theminoritymindset.com/get-richer-sleeping-ebook/ SUBSCRIBE for the latest videos *NEW VIDEOS EVERY WEEK* SC @M2JaspreetSingh What Does A Trump Presidency Mean For Your Money? | Minority Mindset - Jaspreet Singh Donald Trump has been elected to serve as the 45th president of the United States of America. Here’s what that means when it comes to your money. What’s up everybody, I am Jaspreet Singh & welcome to the Minority Mindset. So you’ve probably heard that Donald Trump wants to make some massive changes when it comes to American economics. Here’s what that means. Donald trump has proposed a 15% corporate tax which is a huge drop from the current 39% corporate tax. Check out some of our recommended sponsor products! Please note, the links below are from our sponsors. If you use any of the below products, we will get compensated but there's not additional cost to you. ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a better interest rate on your savings account with no fees: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible - save money on your student loans by refinancing with the lowest interest rates: http://bit.ly/m2StudentLoanRefi ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal: http://bit.ly/PolicyGenius But that’s really not as simple as it sounds because it is very unclear on how this would affect business deductions especially for businesses with employees, because now the business income is taxed instead of the individual. So we still need a lot more information to understand it. If you don’t have a business, your tax bill will be going down. All income tax rates are being decreased with Trumps proposed plan. Two ways from this proposal. 1. There are about 2.1 trillion dollars held by large US corporations in off shore accounts. Big businesses have created fancy systems where they they make money in the US, but the money is reported as being earned in countries like The Caymon Islands. The corporations keep this money off shore because if they have to bring it back into the US they will be subject to heavy taxes. 39% to bring it into the corporation and then it’s taxed when they distribute it out again. Trump has proposed giving these corporations a holiday to bring their money back into the US. What tax rate? We don’t know. The government did the same thing in 2004 with these corporations about a 5.25% These trillions of dollars in off shore accounts are actually siting in big banks on Wall Street because do you really think companies like Apple and Google would trust trillions of dollars in cash in 3rd world companies? This is expected to bring a lot of money into the US economy to stimulate growth. The US did this in 2004, and instead of using the money to grow their businesses, corporations used all this money they brought back to buy back shares of their stock or to pay out huge dividends to shareholders 2. Trump is betting that the lowered tax rate for corporations will invite other large multi-national corporations to come to America because now our tax rates will be competitive. And with more business comes more jobs. #ThinkMinority #MIH #Taxes Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset http://www.TheMinorityMindset.com This Video: https://youtu.be/1Q0IE1ly7ZI Channel: https://www.youtube.com/MinorityMindset Based in Detroit. Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube - do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.