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Business Roundtable

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, & More

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Oct 11, 2021

Taxes – Are They Going Up w/ the Proposed New Tax Bill? How this Affects You, Your Business and Assets

- BRT S02 EP 41 (88) 10-10-21


5 Things We Learned This Week:

  • Estate Tax Exemption may change – how to position your assets
  • Trusts – the value of having one setup
  • Crypto Assets – importance of having your Crypto Assets in order
  • Taxes are Going Up – from Cap Gains, to Real Estate to the Wealthy
  • Tax Protection – Tax Buckets, broken into 3 categories


Guests: Ike Devji, AZ Wealth Law                     

Ike’s expertise in the areas of asset protection, trusts, LLC,, off shore asset protection, and lawsuit protection strategies. Ike also covers areas business owners should consider when selling their business. He is an AZ resident for 40 years and graduated from University of Arizona who has spoken , taught classes and written numerous articles on asset protection. 


Ike talks all things asset protection and the importance of setting up trusts. How you should organize your investments like Real Estate, or Stocks, The importance of having Crypto info available for your heirs -

 - hold Crypto in vehicle with protection and pay Capital Gains Tax

- Cannot hide, have to disclose and pay tax regardless if in off shore account

- Account for Crypto Assets properly in estate plan

- Private key and passwords to wallet – platform to hold, what coins, price


Guest: Denver Nowicz, President - Wealth For Life

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He discusses the proposal for the Biden tax Plan and how it will affect people, business, and real estate investors. Corporate rates, Estate Exemptions, and Real Estate rules are all on the table.

Defense – Why defense is so important, and how Insurance strategies can help. 3 to 1 Matching – one of Denver’s favorite strategies thru insurance, more for upper level earners who have a long term horizon

Tax Protection – Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to a tax free position


Tax Plan 2021 / Key Takeaways (summary per Investopedia)

  • The top individual federal income tax rate would rise from 37% to the pre-Trump rate of 39.6%.
  • The corporate rate would rise from 21% to 28%; a 15% minimum tax would apply to corporate book income.
  • American corporations’ foreign income generally would be subject to a tax of 21%.
  • The top individual income tax rate would increase to 39.6%.
  • Taxpayers with incomes over $1 million would pay a tax of 43.4% on capital gains.
  • An extension through 2025 is proposed for the 2021 increase in the fully refundable child tax credit from $2,000 per child to $3,600 for children under age 6 and $3,000 for children ages 6 through 17.
  • Extensions beyond 2021 also are proposed for the increase in the maximum Child and Dependent Tax Credit from $3,000 to $8,000 ($16,000 for more than one dependent); the expansion of, and increase in, the earned income tax credit for younger workers; and the premium tax credits that reduce ACA health insurance premiums.
  • The step-up in basis on death and carried interest loopholes would be eliminated.
  • Caps would limit tax deferral for realty exchanges and deductions for excess business losses.


More Info on WFL and Tax Free Matching: HERE


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Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page:

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

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Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.