Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers. Key Takeaways: [3:36] The 30,000 foot overview of the GOP Tax Reform [5:31] Will this tax reform create a repatriation of wealth back to the US? [9:22] The move that mobilized the GOP forces toward tax reform [11:19] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals [13:29] The standard deducation has been increased, which should increase the number of simple 1040s being filed [16:30] The single largest revenue raiser in the entire bill [18:42] The change in mortgage interest deductions could cause a dampening in the high end real estate market [21:12] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul [23:03] Pass-through businesses are getting a 20% deduction [30:02] The accelerated bonus depreciation is enormous for real estate investors [33:34] Changes to the 1031 Exchange rule [37:37] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques [39:26] 529 plans (education plans for children) can now be used to pay for private schools [40:00] Some tax changes that were EXPECTED but didn't end up happening Website: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.IndigoSpire.com