Biden tax plan is getting updated, but will it even pass? In this episode, Trishul and Aaron discuss updates to the Biden tax plan as it makes its way through Congress. Most of the changes target the top 1% of income earners. For example, there's talk of increases to income taxes, capital gains taxes, corporate taxes, and even estate taxes. But will any of this even make a dent in the pockets of billionaires? While Biden is trying to target income inequality, his plan does little to address wealth inequality. So Trishul outlines one radical idea that could change everything. Episode References MMS #67: Biden Tax Plan proposal MMS #77: Mega Backdoor Roth 401k MMS #86: True Tax Rate of wealthiest Americans MMS #37: How the rich never pay a dollar in taxes MMS #38: The US tax system is screwing you over Kitces.com: Analyzing Biden's New "American Families Plan" Tax Proposal ProPublica: Peter Thiel's $5B Roth IRA ProPublica: How the Wealthy Avoid Taxes America's Billionaire's Pay an Average Income Tax of 8.2% WSJ: What Peter Thiel's Roth IRA Means for Yours Biden Backs Tax on Billionaires Unrealized Gains Thermal Runaway Democrats Seeking $3.5T Deal Tax Brackets Head of Household Podcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.