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The wealth tax has been in the works predominantly in California, but are we to believe that this "one-time tax" will stop at billionaires? How will it impact entrepreneurs across the country? Join Tom Wheelwright as he discusses the wealth tax and its foreseeable consequences with his guest, Jon Coupal from the Howard Jarvis Taxpayers Association.

Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). HJTA, with offices in both Los Angeles and Sacramento, is the largest taxpayers association in California with a membership of over 200,000. Founded by the late Howard Jarvis, the author of Proposition 13, HJTA's name is synonymous with tax relief and the uncompromising defense of the California homeowner.

In this episode, explore the legal and economic implications of California's proposed "billionaire wealth tax," and understand why it is an issue that not only belongs to California, but to all tax payers throughout the country.


Order Tom's book, "The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make" at: https://winwinwealthstrategy.com/


00:00 - Intro.
06:00 - Billionaire's Tax: What Is It?
10:55 - What is Wrong with the Wealth Tax?
15:50 - Will It Stop in California? Will It Only Be a One-Time Tax?
18:52 - Concerns of Privacy.
22:02 - Consequences of California Migration for the Golden State and Beyond.
25:41 - The Bleed from State to Federal.
29:29 - Closing Statements.


Looking for More on Jon Coupal?
Website: www.hjta.org/
LinkedIn: www.linkedin.com/in/jon-coupal-68772ba
Twitter/X: @joncoupal

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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.


DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.