Trump vs Biden Tax Plans Compared: Which is Better for Real Estate Investors?

Julio Gonzalez explains the difference between the Biden and Trump tax plans. Which plan is better for real estate investors? Jason and Julio discuss how the different plans will affect the economy and the real estate market.
0:00 Introduction to Julio Gonzalez
2:14 Increasing taxes suppresses economic activity
2:35 How eliminating 1031 Exchange would affect the real estate industry
3:52 Investors might buy less rental housing causing rents to increase
6:50 Biden wants to reverse tax reform, increase capital gains tax, eliminate 1031 exchange
9:38 Biden's $15,000 tax credit for new home buyers
13:49 Wealth tax proposed in California
18:39 Other states could follow California's proposals on taxes (like wealth tax)

Julio Gonzalez websites: https://engineeredtaxservices.com/
https://juliogonzalez.com/

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