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How to Survive Kamala Harris's "Tax Armageddon"

2024-10-15 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In this video, we explain Kamala Harris's tax proposals that are being dubbed a "tax armageddon." Mr. Henderson analyzes Harris's proposed changes to US inheritance taxes, in addition to her planned unrealized capital gains tax. He also details what wealthy Americans and entrepreneurs can do to prepare for coming US tax hikes, whether or not Harris wins the election. 00:00 Kamala Harris's "Tax Armageddon" 00:31 Inheritance Tax Changes Plus Unrealized Capital Gains Tax 02:26 Tax Trends in the United States 03:28 Estate Tax Policy 04:36 War on the Wealthy 08:54 Exit Plans and Second Passports for US Citizens 12:41 What Wealthy Americans Are Doing 14:49 How to Prepare for Coming Tax Hikes Will Donald Trump end "double taxation" of US expats? - https://www.youtube.com/watch?v=B4M7U_H1rZc Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@nomadcapitalist 2024-10-15

Will Donald Trump end "double taxation" of US expats? Watch our breakdown of the scenarios likely to unfold if Trump wins the election: https://www.youtube.com/watch?v=B4M7U_H1rZc

20 4 replies
@rikkert-t6h 2024-10-15

I'm from belgium, I've been living in this armageddon for my whole life. I'v seen the government take sums that most people not even make in their whole life. On top of inheritance tax, the government here has one the highest tax rates in the world and surprise surprise, the debt here is also one of the biggest in the world with very low service value for money. 70% of Belgians get their money from the government. You had to start early collecting physical assets and btc to pass on. If Kamala would really go through with this insanity that we already have, it's already too late sorry but thanks anyway for holding the fiat bags all these years 🤝

89 10 replies
@brunozachary 2024-10-15

That “feeling” is freedom.

11
@theironscripture 2024-10-15

Taxing children for inheriting their parent's home is evil. For most families, that house is the entirety of any and all wealth that was accumulated over the decades. For many, the kids will be forced to sell the house to pay the tax. Times have become that difficult. I am seeing it everywhere. My parents have been hit hard. Divorce and Covid wiped me out. Inflation is killing my bottom line. More taxes of any kind is insanity.

53 13 replies
@Peter-m5n7m 2024-10-15

"Give back"?! WTF DID I TAKE?! FYI, I PAID CASH FOR EVERY GOVERNMENT SERVICE I'VE RECEIVED!!!

45 4 replies
@chrislee176 2024-10-17

My wallet, my choice.

16
@burn2406 2024-10-15

I've also noticed over the years that these politicians don't say "tax the millionaires" anymore because that is all of them now. They say "tax the billionaires" because they're somehow the bad guys. I can't wait to leave this country. I'm so tired of the same politics that never change. People never learn.

53 4 replies
@andrecaron6195 2024-10-15

In the Scandinavian countries rich people are paying a lot of tax. How come they don't leave their homelands? Are they blind or stupid? Do they call you to get some advices? In Denmark the tax rate is high but you get in exchange a peaceful society.

14 2 replies
@KJsiete 2024-10-15

I’m an only child, my dad has multiple properties in multiple states, all willed to me when he passes. Double edged sword

24 11 replies
@list1726 2024-10-15

Thanks for posting

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