WEBVTT

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<v Speaker 1>It's Night Side with Dan Ray on WBS, Boston's news radio.

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<v Speaker 2>You know, I like the way the Cole said it's

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<v Speaker 2>Friday night. What exactly was she saying? What was isn

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<v Speaker 2>Cole still there? Robes, I'm here, I'm here. What were

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<v Speaker 2>you insinuating? Well, usually Friday night is a little more

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<v Speaker 2>laid back, relaxed. You know, you chill out, you have

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<v Speaker 2>your snacks, your beer or whatever. I don't know, whoa, whoa, whoa.

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<v Speaker 1>Maybe you've got one down the hall.

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<v Speaker 2>I don't have one over here, I know. I mean listen,

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<v Speaker 2>I know radio back in the old days, that was

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<v Speaker 2>part of the routine. Not anymore. Yeah, no, we're not

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<v Speaker 2>that way. Well, I know, coming up though, Nicole, it's

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<v Speaker 2>going to be very interesting because at ten o'clock we

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<v Speaker 2>are going to break down with Karen Reid. Had to say, so,

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<v Speaker 2>Karen Reid is going to be speaking on ABC TV

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<v Speaker 2>beginning at nine o'clock. At ten, We're going to bring

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<v Speaker 2>in some experts. We're going to start to break it down.

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<v Speaker 2>So it's not your normal laid back Friday night, No,

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<v Speaker 2>that is it is. But that's going to be interesting

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<v Speaker 2>to see her side of the story that is going

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<v Speaker 2>to get a massive rating, and we're going to kind

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<v Speaker 2>of do a postgame show on it. Okay, So that's

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<v Speaker 2>what we have coming up tonight. So feel free when

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<v Speaker 2>you get home if you want to pop a couple

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<v Speaker 2>of frosties. Yes for you, Yes, okay, thank you, and

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<v Speaker 2>listen to what our attorney friends have to say.

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<v Speaker 1>You bet.

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<v Speaker 2>I'm on it all right, Nicole, have a good weekend.

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<v Speaker 2>Thanks all right. So, yes, this is the final show

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<v Speaker 2>of Tangwae filling in for Dan Ray on night's side.

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<v Speaker 2>Some of you will be very happy about this that

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<v Speaker 2>Dan will be back on Monday. I understand that. Good

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<v Speaker 2>for you. So there you have it. We do have

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<v Speaker 2>a very interesting show coming up tonight. We are going

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<v Speaker 2>to talk about Kamala Harris's tax plan and account and

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<v Speaker 2>Monica Hengersbach is going to join us from Decision Financial Services.

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<v Speaker 2>A lot of aspects here. I'm going to try to

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<v Speaker 2>dumb it down. Look, when it comes to taxes and accounting,

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<v Speaker 2>you get a n ice scream headache. I get it.

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<v Speaker 2>But we're just going to try to dumb this thing down.

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<v Speaker 2>And I can tell you, excuse me, just have to

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<v Speaker 2>sneeze dif from it. My god, I can tell you this,

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<v Speaker 2>if you got a lot of money, you're not gonna

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<v Speaker 2>like it. No surprise, no surprise there, especially with their

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<v Speaker 2>capital gains recommendation. So we'll talk to Monica about that.

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<v Speaker 2>That's coming up. At eight thirty, we'll get to talk

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<v Speaker 2>to Jackson Tolliver, one of the young and rising stars

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<v Speaker 2>in Boston sports media and a former student of Gary

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<v Speaker 2>Tangley at Emerson College Fund University, talking about Mayo, girod Mayo,

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<v Speaker 2>my boy, my buddy. It's a great guy. Durrod Mayo

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<v Speaker 2>is a great guy, my buddy down there at the

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<v Speaker 2>New England Patriots, and I really hope he does well

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<v Speaker 2>and I hope people stick with him. We'll talk to

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<v Speaker 2>him about Mayo, also about the upcoming Celtic season that's

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<v Speaker 2>coming up at nine o'clock. Then at nine thirty, we're

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<v Speaker 2>going to talk to my old friend Robin Dawson. Robin

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<v Speaker 2>Dawson of the Boston Film Festival. It has been going

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<v Speaker 2>on for forty years, can you believe it? For forty years.

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<v Speaker 2>We're going to talk to her about the what's on

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<v Speaker 2>the docket for the Boston Film Festival that's coming up

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<v Speaker 2>September nineteenth to the twenty third and a terrific movie

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<v Speaker 2>directed by Erica Ronson called any Day Now and it

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<v Speaker 2>is it's based on the Gardner Museum art heists. It's

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<v Speaker 2>a comedy and it's a terrific film, and it's based

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<v Speaker 2>on what may have happened in the mind of the

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<v Speaker 2>writer Eric, who is a very creative mind and has

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<v Speaker 2>a very creative vision for this. So we're going to

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<v Speaker 2>talk to Eric. Coming up at nine to forty five

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<v Speaker 2>on that. Paul Guilfoyle, who is a Boston guy, you

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<v Speaker 2>remember him from CSI Vegas played the detective on CSI

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<v Speaker 2>going to He's in the film. He's terrific. He's going

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<v Speaker 2>to be great in this movie. So we'll talk to

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<v Speaker 2>Eric about that. And then, like I said, coming over

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<v Speaker 2>at ten o'clock, it's a postgame show, if you will,

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<v Speaker 2>of the first hour of the Karen Reid special on ABC,

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<v Speaker 2>and we will be talking with Robert George and Bill

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<v Speaker 2>Kickham attorneys and we'll break down what she had to

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<v Speaker 2>say in the first hour. Now, there was some discussion

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<v Speaker 2>do we move this to eleven o'clock because it is

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<v Speaker 2>a two hour special. Eleven we wanted to take advantage

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<v Speaker 2>of the time quite frankly, we wanted to get into

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<v Speaker 2>it around ten o'clock and then we'll take some calls

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<v Speaker 2>at eleven o'clock. And if you happen to be watching

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<v Speaker 2>in the second hour you want to contribute, that's fine.

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<v Speaker 2>But we didn't want to wait till eleven. We thought

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<v Speaker 2>it was too late and we wanted to get in

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<v Speaker 2>on the action, if you will. So that's all coming

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<v Speaker 2>up right here on WWZ Boston's news radio, Gary tangwe

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<v Speaker 2>feeling it for Dan right. We had Alan Lichtman on

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<v Speaker 2>earlier in the week. Now, Alan is the gentleman that

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<v Speaker 2>is predicted in his according to him, has predicted the

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<v Speaker 2>last ten presidential elections, predicted Gore would win, and he

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<v Speaker 2>still feels Gore did win, but then decided to give

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<v Speaker 2>it up and didn't fight it any longer. But you

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<v Speaker 2>can't say he has predicted nine of the last ten elections.

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<v Speaker 2>And you want to have an asterisk on the Gore

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<v Speaker 2>Bush thing, go ahead. The guy is pretty nails. He's

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<v Speaker 2>been on the money. He predicted Trump would win, and

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<v Speaker 2>then he predicted that Trump would lose, and his prediction

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<v Speaker 2>has come out for this election. Let's roll it.

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<v Speaker 3>Rob According to the keys to the White House, which

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<v Speaker 3>has been right for forty years. We are going to

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<v Speaker 3>have a president breaking victory, Kamala Harris president of the

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<v Speaker 3>United States.

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<v Speaker 2>Well, they have it, and the poll seemed to be

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<v Speaker 2>leaning that way. I mean, she certainly has the momentum.

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<v Speaker 2>I mean, don't you think your folks, I mean, she

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<v Speaker 2>has the momentum. And I think the reason I think

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<v Speaker 2>Harris is going to win too. Now, I think she's

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<v Speaker 2>going to be a great president. I have no idea.

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<v Speaker 2>She doesn't have a track record, she didn't have any experience.

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<v Speaker 2>But I think the brats, which are the eighteen, nineteen,

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<v Speaker 2>twenty twenty two year old kids who were't going to

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<v Speaker 2>vote and are now going to vote and may not

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<v Speaker 2>even know what she stands for. They don't even care

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<v Speaker 2>about the tax situation or if she's extreme to the left.

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<v Speaker 2>They just like her. They like her, they like her smile,

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<v Speaker 2>they think she's cool, and that's it. And I think

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<v Speaker 2>that it's the young vote that's going to be the difference.

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<v Speaker 2>I mean, I don't think Trump. Trump has his people.

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<v Speaker 2>That's not going to change. I think Harri's coming in

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<v Speaker 2>to take over for Biden, reenergize the Democratic Party, and

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<v Speaker 2>brought in some young people that are going to make

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<v Speaker 2>the difference. Now, Alan was asked if there is any

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<v Speaker 2>chance that he would change his mind.

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<v Speaker 3>I have never changed my prediction once I've made a

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<v Speaker 3>final call. The notion of an October surprise is a myth.

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<v Speaker 3>A my predictions have been before the October surprise, and

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<v Speaker 3>they have all held. Social unrest doesn't suddenly emerge. It

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<v Speaker 3>takes a long time for that. It'd be enough social

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<v Speaker 3>unrest to turn the key, which requires massive sustained social unrest.

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<v Speaker 3>With a maximum of five keys down and likely four,

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<v Speaker 3>Harris is well short of what's needed to predict her

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<v Speaker 3>defeat and give Donald Trump the White House.

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<v Speaker 2>Again. Basically, what he's saying is he has thirteen keys,

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<v Speaker 2>and if five of the thirteen keys don't apply to Harris,

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<v Speaker 2>she wins. And just to give you an example, you

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<v Speaker 2>can find this online if you want to look at

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<v Speaker 2>all thirteen keys. No recession, no social unrest, no major scandal.

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<v Speaker 2>The challenger is not charismatic or is not a war hero.

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<v Speaker 2>Trump certainly isn't a war hero for some people who

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<v Speaker 2>he is charismatic, and he's already got those people. But

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<v Speaker 2>those are the types of things that he looks at.

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<v Speaker 2>Also on New York Times dot Com, he also has

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<v Speaker 2>a video where he explains it. He's quite a character,

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<v Speaker 2>this guy. He's still participating in senior sitting in saying

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<v Speaker 2>track races. He's in a steeple chase at seventy seven

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<v Speaker 2>years old. He's pretty interesting guy. But nine out of

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<v Speaker 2>ten and he says Harris is going to win. I

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<v Speaker 2>think he's right. I think it's going to be close.

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<v Speaker 2>But I think that's what's going to happen. I think

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<v Speaker 2>she's energized the Democratic Party and she's brought in some

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<v Speaker 2>new voters that Biden could not bring in. And they

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<v Speaker 2>weren't accounted for they weren't part of the equation before.

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<v Speaker 2>That's the bottom line with that. So coming up next though,

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<v Speaker 2>you know what I just hear on the news in

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<v Speaker 2>Maryland there was another school shooting, but it involved one

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<v Speaker 2>individual who seemed to get into a one on one

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<v Speaker 2>battle with another student in the bathroom. Shot. The student

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<v Speaker 2>fled the scene. The student now is in intensive care.

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<v Speaker 2>How do we keep I don't have the answer, but

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<v Speaker 2>how do we keep the guns out of the hands

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<v Speaker 2>of our kids?

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<v Speaker 1>Now?

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<v Speaker 2>With the Georgia shooting, he had an AR fifteen. There's

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<v Speaker 2>no reason for a fourteen or a fifteen year old

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<v Speaker 2>kid to have an AR fifteen and have a gift

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<v Speaker 2>from his father. And now his father's going to be

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<v Speaker 2>on trial. And we are going to get into that

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<v Speaker 2>coming up next. Because John Miller, who was terrific he

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<v Speaker 2>was on CNN. He is the former Deputy Commissioner of

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<v Speaker 2>Intelligence and counter Terrorism. This guy knows what he's talking about,

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<v Speaker 2>and he's going to talk about the court situation with

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<v Speaker 2>the father and one of the father's probably going to

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<v Speaker 2>go to jail. We got some comments on that. We're

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<v Speaker 2>going to talk about that coming up. It's just so disheartening,

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<v Speaker 2>he really is. And also there was a football game

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<v Speaker 2>canceled at Dover Sherbrowin. I've got some thoughts on that.

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<v Speaker 2>That's all coming up next here on wbz's Nightside.

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<v Speaker 1>Now back to Dan Ray live from the Window World

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<v Speaker 1>nights Side Studios on WBZ News Radio.

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<v Speaker 2>Welcome Bouck Gary Tangering for Dan Ray tonight. You're on

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<v Speaker 2>Night Side. So the school and things, obviously, they're just

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<v Speaker 2>so disturbing. On the local angle, a caller and an

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<v Speaker 2>anonymous caller reported a rumor that a student was going

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<v Speaker 2>to shoot up to school and this was into Denham

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<v Speaker 2>High School. So they decided to cancel the dead Him

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<v Speaker 2>High Dover Sherby Wren football game as they should now.

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<v Speaker 2>Authorities has said, or at least Dover Sherburne has said,

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<v Speaker 2>this is not a credible threat. What is a credible threat?

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<v Speaker 2>That's the problem. I mean, I understand that. The problem

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<v Speaker 2>that authorities have is they don't want to cause panic.

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<v Speaker 2>They don't want to be canceling a game every day.

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<v Speaker 2>They don't want us to be held prisoner to rumors

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<v Speaker 2>and phone calls and crank calls. But what do you

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<v Speaker 2>do now, Because when the warning signs have been ignored,

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<v Speaker 2>kids and teachers have died. I mean, that's what happened

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<v Speaker 2>here with Georgia. That's what happened. The warning signs were there.

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<v Speaker 2>They couldn't quite nail it down, but the warning signs

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<v Speaker 2>were there, and look what happened. So you have to

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<v Speaker 2>look at any piece of evidence. You have to go

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<v Speaker 2>over the top, without question. You have to have an

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<v Speaker 2>exaggerated policy if you will. You can't take any chances

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<v Speaker 2>if you hear of any rumor of any threat of

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<v Speaker 2>violence or anything involving in school shooting. You got to

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<v Speaker 2>shut it down. And I know the answer is we're

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<v Speaker 2>held prisoner to that. We are, But what's the alternative.

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<v Speaker 2>You know, signs were ignored in Georgia, they just were

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<v Speaker 2>And when the authorities tried to nail something down with

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<v Speaker 2>Cold Gray, they just couldn't quite do it. When talking

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<v Speaker 2>to Colin Gray, they just, you know, no, there's nothing

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<v Speaker 2>to say here. There's no problem here. Well there was

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<v Speaker 2>a problem and people died. I mean, no stone unturned.

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<v Speaker 2>That's just the way it's going to be. I mean,

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<v Speaker 2>that is just the way it's going to be. I mean,

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<v Speaker 2>I think that Deniman, I think Dover Shermore did the

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<v Speaker 2>right thing. There was discussion about playing a game to

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<v Speaker 2>be there. There should be no discussion. Somebody calls up,

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<v Speaker 2>makes an anonymous tip, said there's going to be a

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<v Speaker 2>school shooting. I don't care. Shut it down. That's the

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<v Speaker 2>way we have to live for a while, as scary

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<v Speaker 2>as it is. On CNN, I was watching this morning

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<v Speaker 2>John Miller and former NYPD Deputy Commissioner of Intelligent and

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<v Speaker 2>counter Terrorism. He had this to say about the charges

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<v Speaker 2>against the father of the Georgia shooter, Colt Gray. The

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<v Speaker 2>father Colin Gray, as he spells it out for us

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<v Speaker 2>here listen.

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<v Speaker 4>Probably three key things. First, there was the fact that

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<v Speaker 4>his son once taken into custody as the shooter began

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<v Speaker 4>talking to police. They say voluntarily, they say, after being mirandized,

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<v Speaker 4>you have the right to remain silent, and has been

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<v Speaker 4>cooperating throughout. So a lot of information about where the

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<v Speaker 4>guns were stored, whether that gun was his, if he

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<v Speaker 4>had total access to it or partial access to it,

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<v Speaker 4>certainly enough access to it to leave the house with

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<v Speaker 4>it concealed, fully loaded, and to allegedly commit these murders.

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<v Speaker 2>Part one, Part two.

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<v Speaker 4>They conducted a search warrant at the house where they

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<v Speaker 4>would have seen the physical setup of where and how

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<v Speaker 4>guns were stored, whether or not they were secure, whether

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<v Speaker 4>the ammunition was stored or secured separately. And at that

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<v Speaker 4>same time they had the opportunity to again interview the father,

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<v Speaker 4>who you'll recall in the earlier encounter with the Jackson

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<v Speaker 4>County sheriff said, well, he does have access to the guns,

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<v Speaker 4>but they're not loaded. But he wasn't clear on well

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<v Speaker 4>is the ammunition there? Could they be loaded? So that

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<v Speaker 4>was that was before he had gifted allegedly this.

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<v Speaker 2>Child is own gun.

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<v Speaker 4>All of those elements taken together, if you compare it

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<v Speaker 4>to the Crumbly case, where you know, the charging of

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<v Speaker 4>the parents took a long time and a lot of consideration.

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<v Speaker 4>It was based on, you know, the prosecutor first seeing

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<v Speaker 4>a social media post and then conducting a longer, complex investigation.

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<v Speaker 4>This came together very quickly because all the elements were there,

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<v Speaker 4>almost in plain view.

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<v Speaker 2>Well, when you talk about the Crumbley situation, those parents

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<v Speaker 2>were idiots. They brought him to school and discuss it.

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<v Speaker 2>They said, nothing to see here, and then the next

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<v Speaker 2>time they go to that school, their kid has killed people.

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<v Speaker 2>I mean, come on, some people are just so freaking stupid.

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<v Speaker 2>I mean, yes, a child should not have an AR fifteen.

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<v Speaker 2>A high school student should not have an AR fifty.

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<v Speaker 2>I don't even think anybody should have an AR fifteen,

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<v Speaker 2>which is technically a semi automatic weapon. It's not an

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<v Speaker 2>autom weapon, but you can still barely touch the trigger

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<v Speaker 2>and you know, fire off forty five rounds in a minute.

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<v Speaker 2>There's no reason for a fourteen, fifteen, sixteen year old

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<v Speaker 2>kid to have an AR fifteen. Why do these school

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<v Speaker 2>shoots just keep happening in this country all the time.

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<v Speaker 2>When you look at other areas of the world, it's

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<v Speaker 2>not the case. Because we love guns. We love guns.

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<v Speaker 2>It's part of our mantra. It's part of our heritage,

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<v Speaker 2>you know, and I do come from a uralary Ormain.

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<v Speaker 2>Guns are around. Yeah, people hunt, kids hunt. But I

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<v Speaker 2>remember some of my friends in high school getting a

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<v Speaker 2>gun from their father. It was a twenty two. It

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<v Speaker 2>wasn't a freaking ar fifteen. You know, nobody had good

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<v Speaker 2>Old Rumford High School, the Mexico High School was getting

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<v Speaker 2>a zooka for Christmas. For Christ's sake, they would get

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<v Speaker 2>a twenty two. Now, obviously a twenty two is still

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<v Speaker 2>a weapon and can kill people. But it was controlled

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<v Speaker 2>by the parents. The weapon was was concealed or was

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<v Speaker 2>placed and locked in the home. That's not happening now.

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<v Speaker 2>If you have children, if you have guns in your house,

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<v Speaker 2>you have to have the ammunition separated from the weapon.

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<v Speaker 2>You have to have the weapon locked up, and kids

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<v Speaker 2>do not have the key period. End of story. Why

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<v Speaker 2>is that so hard to understand? Now? Why is it?

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<v Speaker 2>And because of this kids can't play football tonight at

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<v Speaker 2>Dover Sherborn between Detim and Dover Shervyn High School because

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<v Speaker 2>of a threat. Everything shuts down because of some Some parents,

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<v Speaker 2>like the Crumbley's and like Colin Gray are morons, absolute morons, period,

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<v Speaker 2>end of story. Yes, the father should go to jail.

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<v Speaker 2>Colin Gray should go to jail, just like the Crumbles.

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<v Speaker 2>Absolutely minimum ten years. Absolutely, you know why, because that's

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<v Speaker 2>the only thing you can do. Now. You can't do

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<v Speaker 2>anything with the NRA. I mean, they've still got Washington

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<v Speaker 2>in their back pocket. It is still much too easy

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<v Speaker 2>to get an AR fifteen or a semi automatic weapon. Totally.

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<v Speaker 2>What's too easy? Gun rights? Gun rights? Gun rights? What

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<v Speaker 2>about life rights? What about having a right so that

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<v Speaker 2>I want my kid to go to school and I'm

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<v Speaker 2>not worried about them getting shot? What about that? What

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<v Speaker 2>about my rights with that? How can it not enter

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<v Speaker 2>all of our minds when we take our kids to school?

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<v Speaker 2>How can it not insanity? Just freaking insane. The rest

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<v Speaker 2>of the world is laughing at us, absolutely laughing at us.

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<v Speaker 2>But boy man, we love our guns. Yeah, it's killing

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<v Speaker 2>our kids. I mean we haven't learned our lesson yet.

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<v Speaker 2>All the school shootings time after time after time. When

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<v Speaker 2>are we gonna learn never never, We're not We're numb

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<v Speaker 2>to it. People don't want to hear about it. People

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<v Speaker 2>don't you know and listen. You have a right to

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<v Speaker 2>bear arms if you're an adult, you're trained. You want

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<v Speaker 2>to carry a weapon, you're licensed. Fine, I don't have

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<v Speaker 2>a problem with that. You feel you need a weapon

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<v Speaker 2>to protect yourself in your home, Fine, you're an adult,

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<v Speaker 2>you're licensed. Fine, you want to go hunting. Fine. We

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<v Speaker 2>can't be handing out AR fifteen's to freaking teenagers. God,

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<v Speaker 2>what is wrong with people? Hair Junior, here's a Tommy

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<v Speaker 2>gun for Christmas? What the hell? So all I have

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<v Speaker 2>to say about that? But no one's gonna listen to me.

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<v Speaker 2>It's just it continues, It's gonna happen. It will continue

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<v Speaker 2>to happen. It's a mental health issue. It is a

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<v Speaker 2>weapons availability issue. Yes, it's all of the above. I

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<v Speaker 2>don't know. Maybe now maybe because parents are going to jail,

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<v Speaker 2>some parents will smart en up. Maybe maybe they was like, well,

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<v Speaker 2>I don't want to end up like the gray guy.

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<v Speaker 2>I don't want to end up like the crumblings. I

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<v Speaker 2>don't want to end up like that. I don't want

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<v Speaker 2>to go to jail. But is that what it takes

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<v Speaker 2>really not to give your kid a gun. I don't

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<v Speaker 2>want to go to jail if I give my kid

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<v Speaker 2>a gun and he does something stupid with it, I

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<v Speaker 2>don't want to go to jail. How about I don't

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<v Speaker 2>think I should give my kid a gun because I

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<v Speaker 2>want to keep people safe. And I always worry about

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<v Speaker 2>the friends of the kid, of the teenager kids. I

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<v Speaker 2>mean that used to happen. Hey, kids would come over,

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<v Speaker 2>they start to play with a gun, they show that

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<v Speaker 2>somebody a gun. Look at this, I got a good gun,

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<v Speaker 2>and then boom, somebody gets hurt. I just don't understand it.

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<v Speaker 2>I don't understand it. I don't understand taxes either. I

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<v Speaker 2>just write a check and then we go and we're

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<v Speaker 2>off and running. Still coming up to on WBC's Night Side,

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<v Speaker 2>We're gonna break down Kamala Harris's text plan as Monica

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<v Speaker 2>Hangelsbach is going to join us from Decision Financial Services Plus.

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<v Speaker 2>At ten o'clock, we will break down the first hour

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<v Speaker 2>of Karen Reich speaking out as she was accused of

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<v Speaker 2>murdering her boyfriend John o'keef. She goes back on trial

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<v Speaker 2>again in January, Bill kick him and Robert George will

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<v Speaker 2>be joining us to break down her first hour of

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<v Speaker 2>her side of the story that is going to be

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<v Speaker 2>on ABC TV in Chineal five, coming up at nine o'clock.

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<v Speaker 2>We'll be doing our postgame analysis, if you will, at

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<v Speaker 2>ten o'clock on that boul We're going to try to

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<v Speaker 2>simplify the tax situation with Kamala Harrison. If she gets in,

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<v Speaker 2>like our expert, Alan Lickman says, is getting in, this

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<v Speaker 2>is what you want to happen with your taxes. Coming

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<v Speaker 2>up next on WBZ It's.

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<v Speaker 1>Night Side with Dan Ray on WBZ Boston's News Radio.

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<v Speaker 2>Welcome back Gary Tangoige sitting in for Danny Tenna Dan.

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<v Speaker 2>We'll be back on Monday, folks. So there you go.

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<v Speaker 2>You'll have the man back on money. You'll be ready

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<v Speaker 2>to go.

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<v Speaker 1>Well.

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<v Speaker 2>Kamala Harris Accordney to Alan Lickman, who is going to

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<v Speaker 2>be the next president of the United States, So we

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<v Speaker 2>have to get ready for her tax plan. Of course

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<v Speaker 2>it'll have to go through the proper channels of Congress

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<v Speaker 2>and the Senate and House of Representatives and so forth.

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<v Speaker 2>But I wanted to try to break down and understand

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<v Speaker 2>what she wants to do and obvious this. I do

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<v Speaker 2>know she's up for the middle class and if you

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<v Speaker 2>have a lot of money, you're probably gonna get nailed

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<v Speaker 2>if she gets her way. So we're bringing in tax

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<v Speaker 2>expert CEO of Decision Financial Services, Monica Hengesbach to join us. Monica,

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<v Speaker 2>thank you for joining us on night side.

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<v Speaker 5>Oh, well, thanks for having me. I appreciate it.

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<v Speaker 2>Well, we appreciate you coming on. Let's start with the Well,

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<v Speaker 2>there's a couple of things here. Let's start with the

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<v Speaker 2>child tax credit. I thought it was four thousand, but

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<v Speaker 2>then I've read that it's six thousand, and how exactly

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<v Speaker 2>would that work?

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<v Speaker 5>You know that that's actually a good question. It's mainly

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<v Speaker 5>for parents of newborn So what she's trying to do

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<v Speaker 5>is bring bank that pandemic era expanded child tax credit

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<v Speaker 5>that we had where they increased it. If you had

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<v Speaker 5>newborn children, you would get an extra couple thousand dollars,

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<v Speaker 5>If you had kids that were under the age of seventeen,

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<v Speaker 5>you would get a few x you know, more thousands

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<v Speaker 5>of dollars and things like that. So what I'm hoping

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<v Speaker 5>so far, what I was reading during the pandemic era,

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<v Speaker 5>they got that in a refund, which made it an

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<v Speaker 5>absolute nightmare because some people didn't want it, and then

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<v Speaker 5>they got it, and then they had to report it.

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<v Speaker 5>It became a disaster when taxes were filed. So this

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<v Speaker 5>is supposed to be a credit that she liked to

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<v Speaker 5>give for everyone that has newborn children of six thousand

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<v Speaker 5>dollars to go against their taxes.

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<v Speaker 2>And it's just too much vit And I get that.

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<v Speaker 2>I think that's I totally get that. I'm on board

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<v Speaker 2>with that because I don't think it breaks the bank

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<v Speaker 2>if you will when it comes to the tax situation,

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<v Speaker 2>and I think that it can help families. I think

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<v Speaker 2>that can really if you have, you know, a couple

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<v Speaker 2>of new borns, have you during a time, I mean,

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<v Speaker 2>if it's twelve grand or six grand that you don't

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<v Speaker 2>have to pay taxes on, I think that that can

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<v Speaker 2>be a big help to a family. I think that

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<v Speaker 2>that makes sense. What do you think about that or

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<v Speaker 2>do you have an opinion on this or you want

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<v Speaker 2>to remain objective just as a financial consultant.

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<v Speaker 5>So I think that this is something that could benefit families.

415
00:23:19.359 --> 00:23:23.079
<v Speaker 5>You know, we're in an era where both parents have

416
00:23:23.160 --> 00:23:25.960
<v Speaker 5>to work. Now it's no longer we can't afford to

417
00:23:25.960 --> 00:23:27.680
<v Speaker 5>have one parents stay at home, and so then the

418
00:23:27.759 --> 00:23:31.440
<v Speaker 5>rising costs daycare to put your children in there. That

419
00:23:31.559 --> 00:23:33.599
<v Speaker 5>was the big thing that happened when everyone was at

420
00:23:33.599 --> 00:23:36.440
<v Speaker 5>home due to COVID. They realized how much money they

421
00:23:36.440 --> 00:23:39.960
<v Speaker 5>were saving just in daycare alone by not by someone

422
00:23:40.039 --> 00:23:42.759
<v Speaker 5>staying at home. But then now with inflation thing, it's

423
00:23:42.759 --> 00:23:47.920
<v Speaker 5>all changed. So giving this incentive to families to be able,

424
00:23:48.240 --> 00:23:50.960
<v Speaker 5>I mean, the six thousand dollars a year, truthfully is

425
00:23:51.000 --> 00:23:53.079
<v Speaker 5>a drop in the bucket when you really compare to

426
00:23:53.119 --> 00:23:57.000
<v Speaker 5>what the child's care cost is out there. But I

427
00:23:57.079 --> 00:23:59.359
<v Speaker 5>do have to agree with something like this to help

428
00:23:59.440 --> 00:24:03.440
<v Speaker 5>families out with childcare costs is a good incentive. Yeah.

429
00:24:03.480 --> 00:24:05.440
<v Speaker 2>Well, I also think it's passable.

430
00:24:07.319 --> 00:24:10.160
<v Speaker 5>This would be passible, yes, because and I you know,

431
00:24:11.240 --> 00:24:13.720
<v Speaker 5>that is one of the big topics that is actually

432
00:24:13.880 --> 00:24:19.160
<v Speaker 5>making headway this year is family. Everything that both parties

433
00:24:19.200 --> 00:24:23.160
<v Speaker 5>are coming out talking about family and family relations and

434
00:24:23.200 --> 00:24:26.160
<v Speaker 5>doing everything for family. I mean, you've got Trump talking

435
00:24:26.200 --> 00:24:29.200
<v Speaker 5>about now IVF, you got you know, you've got his

436
00:24:29.319 --> 00:24:32.279
<v Speaker 5>vice president. We all know what he said. So there's

437
00:24:32.519 --> 00:24:35.440
<v Speaker 5>we've got quite a bit where this is really making headway.

438
00:24:35.519 --> 00:24:38.039
<v Speaker 5>And I think it is a passable tax.

439
00:24:38.400 --> 00:24:42.359
<v Speaker 2>Right, You're heading in the right direction. And at one

440
00:24:42.359 --> 00:24:45.200
<v Speaker 2>point in time in this country, if you made six figures,

441
00:24:45.279 --> 00:24:48.400
<v Speaker 2>you would well, this is work, this is great. But

442
00:24:48.559 --> 00:24:51.400
<v Speaker 2>that's not the case anymore. And you know, speaking for myself,

443
00:24:51.920 --> 00:24:57.400
<v Speaker 2>where I two kids in college and you know, and

444
00:24:59.640 --> 00:25:02.880
<v Speaker 2>Sarah ques ninety thousand and this school is eighty thousand

445
00:25:02.880 --> 00:25:04.480
<v Speaker 2>and this, you know, and you want to try to

446
00:25:04.519 --> 00:25:08.160
<v Speaker 2>send your kids to the best schools, but it can

447
00:25:08.200 --> 00:25:11.799
<v Speaker 2>cripple somebody. So it's not only when you're raising a family.

448
00:25:12.039 --> 00:25:15.279
<v Speaker 2>It's not only just taking care of the kids until

449
00:25:15.319 --> 00:25:17.039
<v Speaker 2>they're eighteen, but what are they going to do after

450
00:25:17.079 --> 00:25:21.160
<v Speaker 2>their eighteen? And college isn't necessary, But you still have

451
00:25:21.519 --> 00:25:24.039
<v Speaker 2>trade schools, which I am an advocate of big time.

452
00:25:24.359 --> 00:25:28.240
<v Speaker 2>Have you tried to get a plumber lately? Seriously? You know,

453
00:25:28.319 --> 00:25:30.880
<v Speaker 2>I totally said that, Like, you know, there's just this

454
00:25:30.960 --> 00:25:33.839
<v Speaker 2>unfair expectation that every kid, at least in my town,

455
00:25:33.839 --> 00:25:36.960
<v Speaker 2>every kid has to go to college. I'm like, why, why,

456
00:25:37.240 --> 00:25:38.839
<v Speaker 2>why does every kid have to go to college?

457
00:25:38.960 --> 00:25:39.200
<v Speaker 5>They know.

458
00:25:39.480 --> 00:25:41.759
<v Speaker 2>I do believe that you need further study. I do

459
00:25:41.839 --> 00:25:43.240
<v Speaker 2>think you have to have a skill, you have to

460
00:25:43.240 --> 00:25:45.920
<v Speaker 2>have something to offer unless you're a freaking genius, you know,

461
00:25:45.960 --> 00:25:48.599
<v Speaker 2>and you can go and you know, invent Microsoft or

462
00:25:48.599 --> 00:25:50.359
<v Speaker 2>something like that. But I think you have to have

463
00:25:50.400 --> 00:25:53.000
<v Speaker 2>the skill, so that can be a less expensive alternative.

464
00:25:53.000 --> 00:25:54.359
<v Speaker 2>But if you want to try to send your kid

465
00:25:54.400 --> 00:25:56.920
<v Speaker 2>to college, it can actually impact how many kids you

466
00:25:57.000 --> 00:25:59.119
<v Speaker 2>want to have if you sit back and you say, okay,

467
00:25:59.200 --> 00:26:00.720
<v Speaker 2>I want to I'd like to have big family, and

468
00:26:00.759 --> 00:26:03.000
<v Speaker 2>then you go, well, wait a minute, it's four hundred

469
00:26:03.079 --> 00:26:05.480
<v Speaker 2>grand to send a kid, so it's going to cost

470
00:26:05.480 --> 00:26:07.200
<v Speaker 2>me one point two million dollars to send it go

471
00:26:07.319 --> 00:26:10.799
<v Speaker 2>to college. You know, it's it's crazy. So anything you

472
00:26:10.880 --> 00:26:14.440
<v Speaker 2>can do to help families, I think I just think

473
00:26:14.480 --> 00:26:17.519
<v Speaker 2>it's the right thing to do. Not to mention the

474
00:26:17.519 --> 00:26:19.359
<v Speaker 2>cost of living. Of course, we live in New England

475
00:26:19.359 --> 00:26:21.440
<v Speaker 2>where it's insane. The cost of living is just completely

476
00:26:21.480 --> 00:26:22.079
<v Speaker 2>out of control.

477
00:26:22.920 --> 00:26:25.119
<v Speaker 5>So yeah, and the kids, and the kids are now

478
00:26:25.119 --> 00:26:27.680
<v Speaker 5>coming back at home because the money that they're earning

479
00:26:28.359 --> 00:26:32.759
<v Speaker 5>once graduating from college isn't able to afford rent, and

480
00:26:32.799 --> 00:26:35.680
<v Speaker 5>so they're moving back with their parents with large student loan.

481
00:26:35.720 --> 00:26:37.720
<v Speaker 5>Gad if you weren't one of the fortunate ones that

482
00:26:37.839 --> 00:26:41.000
<v Speaker 5>planned earlier, had they except you know, residual income to

483
00:26:41.000 --> 00:26:43.599
<v Speaker 5>put in a five twenty nine plan. Now it's taken

484
00:26:43.640 --> 00:26:46.960
<v Speaker 5>away from the parents' ability to save money for retirement. Well,

485
00:26:47.000 --> 00:26:47.839
<v Speaker 5>it's a vicious cycle.

486
00:26:48.039 --> 00:26:49.759
<v Speaker 2>Oh it's it's terrible. I mean, we did a five

487
00:26:49.839 --> 00:26:52.240
<v Speaker 2>twenty nine. But do you know how much you have

488
00:26:52.319 --> 00:26:55.279
<v Speaker 2>to put away? Yes, I mean you.

489
00:26:55.279 --> 00:26:57.799
<v Speaker 5>Do a child that's back home, Yes, right.

490
00:26:57.559 --> 00:27:00.160
<v Speaker 2>I mean you have to put away hundreds of thousands

491
00:27:00.160 --> 00:27:03.759
<v Speaker 2>of dollars for post secondary education. I mean I paid

492
00:27:03.759 --> 00:27:05.880
<v Speaker 2>twenty grand to go to the University of Maine.

493
00:27:06.079 --> 00:27:06.279
<v Speaker 5>You know.

494
00:27:06.319 --> 00:27:08.480
<v Speaker 2>It's and we don't get me started on the cost

495
00:27:08.480 --> 00:27:11.119
<v Speaker 2>of post secondary education. I think it's a scam. I

496
00:27:11.160 --> 00:27:13.920
<v Speaker 2>think it's just a complete scam. But I'm also not

497
00:27:13.960 --> 00:27:16.799
<v Speaker 2>a communist where I want cost control on our school system.

498
00:27:17.279 --> 00:27:19.480
<v Speaker 2>So I'm bitching and moaning, but I don't have a solution.

499
00:27:21.599 --> 00:27:25.559
<v Speaker 2>You know, I don't have a solution yet. The small

500
00:27:25.599 --> 00:27:28.440
<v Speaker 2>business tax credit was five they want to send it

501
00:27:28.519 --> 00:27:31.279
<v Speaker 2>up to fifty thousand. I know nothing about this. I'm

502
00:27:31.279 --> 00:27:34.960
<v Speaker 2>not a business person. I'm you know, a lot of people, Oh,

503
00:27:34.960 --> 00:27:37.319
<v Speaker 2>it'd be so cool, you know, we should start a business.

504
00:27:37.319 --> 00:27:39.359
<v Speaker 2>I'm like, I don't think you realize how hard it

505
00:27:39.440 --> 00:27:42.319
<v Speaker 2>is to start a business. So what is this all about?

506
00:27:42.519 --> 00:27:44.279
<v Speaker 2>Is this doable? And is it a good idea?

507
00:27:45.680 --> 00:27:48.920
<v Speaker 5>So what this There is already a current law that

508
00:27:48.960 --> 00:27:51.160
<v Speaker 5>you're able to write off what you just mentioned five

509
00:27:51.200 --> 00:27:55.359
<v Speaker 5>thousand of your startup expenses right off the gate, and

510
00:27:55.400 --> 00:27:59.079
<v Speaker 5>then up to fifty thousand, So the forty five thousand

511
00:27:59.119 --> 00:28:01.559
<v Speaker 5>remaining Let's say you started a business, you spent fifty

512
00:28:01.599 --> 00:28:04.880
<v Speaker 5>thousand dollars in startup costs, five thousand you can get

513
00:28:04.920 --> 00:28:08.359
<v Speaker 5>immediately a write off and expense it. And the current

514
00:28:08.440 --> 00:28:11.680
<v Speaker 5>law says for the remaining forty five thousand you need

515
00:28:11.720 --> 00:28:15.799
<v Speaker 5>to amortize that over one hundred and eighty month period.

516
00:28:16.000 --> 00:28:21.079
<v Speaker 5>So what this new law, that tax thing that Kamila

517
00:28:21.079 --> 00:28:23.079
<v Speaker 5>Harris wants to pass is that there is no more

518
00:28:23.119 --> 00:28:25.880
<v Speaker 5>amortizing of it. So if you spent fifty thousand in

519
00:28:25.960 --> 00:28:31.039
<v Speaker 5>startup expenses and your startup business, you're able to write

520
00:28:31.039 --> 00:28:33.279
<v Speaker 5>off fifty thousand dollars in that year.

521
00:28:33.480 --> 00:28:36.039
<v Speaker 2>Now can you write off if you're already at a loss?

522
00:28:36.599 --> 00:28:38.839
<v Speaker 2>So say you're you know the first is generally if

523
00:28:38.880 --> 00:28:41.400
<v Speaker 2>you start up a new business, you're not profitable the

524
00:28:41.440 --> 00:28:45.920
<v Speaker 2>first few years, correct, So can you so you add

525
00:28:45.960 --> 00:28:48.680
<v Speaker 2>this onto your loss already so.

526
00:28:48.720 --> 00:28:51.079
<v Speaker 5>You add it onto your loss already. And you know

527
00:28:51.160 --> 00:28:53.279
<v Speaker 5>this can get down in the minutia depends on the

528
00:28:53.279 --> 00:28:55.160
<v Speaker 5>type of structure you're at. Well, let's just say I'm

529
00:28:55.160 --> 00:28:58.559
<v Speaker 5>the sole providership. Mama, pop, put the shingle on the door.

530
00:28:59.279 --> 00:29:02.359
<v Speaker 5>I have this fifty thousand dollars loss and some other

531
00:29:02.440 --> 00:29:04.519
<v Speaker 5>losses with my new business. So let's say a total

532
00:29:04.559 --> 00:29:08.079
<v Speaker 5>sixty thousand. I can claim the full sixty thousand dollars

533
00:29:08.200 --> 00:29:12.400
<v Speaker 5>loss on my tax return. Now do I get that

534
00:29:12.559 --> 00:29:15.400
<v Speaker 5>loss if I didn't have any income? So let's say

535
00:29:15.440 --> 00:29:18.480
<v Speaker 5>my husband doesn't have any income, it just shows a

536
00:29:18.519 --> 00:29:22.839
<v Speaker 5>loss that sixty thousand dollars will carry forwards to the

537
00:29:22.880 --> 00:29:26.640
<v Speaker 5>next year to go against any income that we may

538
00:29:26.680 --> 00:29:30.759
<v Speaker 5>be reporting. Or if I do have a spouse that's working,

539
00:29:31.119 --> 00:29:34.400
<v Speaker 5>my sixty thousand dollars will go against their income that

540
00:29:34.519 --> 00:29:37.160
<v Speaker 5>is being reported on the tax return. And how lower

541
00:29:37.480 --> 00:29:40.400
<v Speaker 5>our overall taxable income in the first year.

542
00:29:42.359 --> 00:29:45.359
<v Speaker 2>Okay, I don't know what do you think of that?

543
00:29:46.960 --> 00:29:47.480
<v Speaker 2>The problem?

544
00:29:47.559 --> 00:29:50.640
<v Speaker 5>You know, I think given an incentive to you know,

545
00:29:50.680 --> 00:29:53.799
<v Speaker 5>I tripping my opinion. This is purely my opinion. I

546
00:29:53.799 --> 00:29:56.799
<v Speaker 5>think where we sort of got away from is the

547
00:29:56.880 --> 00:29:59.480
<v Speaker 5>United States was built on manufacturing. I mean, we were

548
00:29:59.599 --> 00:30:03.000
<v Speaker 5>known for manufacturing, really known for making goods, and we

549
00:30:03.000 --> 00:30:05.960
<v Speaker 5>were known for creating jobs. I mean people were flocking

550
00:30:06.000 --> 00:30:08.680
<v Speaker 5>to the US through Ellis Island back in the day

551
00:30:08.960 --> 00:30:12.000
<v Speaker 5>because this was the land of opportunity, and somewhere along

552
00:30:12.079 --> 00:30:15.920
<v Speaker 5>the line we kind of lost that. So I think

553
00:30:15.960 --> 00:30:21.480
<v Speaker 5>any incentives that can start help small businesses to want

554
00:30:21.519 --> 00:30:24.079
<v Speaker 5>to it, you know, get established and started. I think

555
00:30:24.200 --> 00:30:27.160
<v Speaker 5>is a great idea. Where I think this one fails

556
00:30:27.240 --> 00:30:28.920
<v Speaker 5>is the fact that it gives you all of that

557
00:30:29.119 --> 00:30:32.960
<v Speaker 5>loss as a startup. So it startup means startup. That

558
00:30:33.000 --> 00:30:37.480
<v Speaker 5>means you haven't earned revenue, you haven't started your business.

559
00:30:37.720 --> 00:30:41.319
<v Speaker 5>You're just incurring all these expenses, you know, paying legal fees,

560
00:30:41.440 --> 00:30:44.759
<v Speaker 5>maybe buying product that you're going to sell, things like that.

561
00:30:44.759 --> 00:30:48.079
<v Speaker 5>That's what you're writing off with this fifty thousand. But

562
00:30:48.119 --> 00:30:52.240
<v Speaker 5>then when you start to have the businesses starting to

563
00:30:52.640 --> 00:30:55.920
<v Speaker 5>have income and maybe starting to have that profit, a

564
00:30:55.920 --> 00:30:59.319
<v Speaker 5>lot of these small businesses are still struggling because now

565
00:30:59.359 --> 00:31:02.319
<v Speaker 5>they're paying self employment tax, they're paying all of this

566
00:31:02.440 --> 00:31:04.559
<v Speaker 5>higher taps, and they have no ride off. They have

567
00:31:04.599 --> 00:31:07.720
<v Speaker 5>no incentive or anything that can go against it. So

568
00:31:08.240 --> 00:31:10.799
<v Speaker 5>with something like this. I sort of struggled because I

569
00:31:10.839 --> 00:31:14.200
<v Speaker 5>don't see the benefit that's going to help the small

570
00:31:14.279 --> 00:31:16.680
<v Speaker 5>businesses in the long run. I just think this is

571
00:31:16.680 --> 00:31:20.559
<v Speaker 5>a one and done type of credit and then they're

572
00:31:20.599 --> 00:31:21.079
<v Speaker 5>on their own.

573
00:31:21.240 --> 00:31:24.359
<v Speaker 2>Well, that's a very good point, and I want to

574
00:31:24.400 --> 00:31:26.480
<v Speaker 2>I want you to elaborate on that. We're going to

575
00:31:26.519 --> 00:31:28.839
<v Speaker 2>continue that conversation. Then we're going to get into the

576
00:31:28.880 --> 00:31:31.720
<v Speaker 2>big one, the big answer, the big ench, a lot

577
00:31:31.720 --> 00:31:36.599
<v Speaker 2>of the capital gains. That's that's a hot one, and

578
00:31:36.759 --> 00:31:39.000
<v Speaker 2>quite frankly, I think that has a snowballs chance in

579
00:31:39.079 --> 00:31:41.440
<v Speaker 2>hell of passing. But we'll talk about it coming next

580
00:31:41.640 --> 00:31:43.960
<v Speaker 2>on wbz's night Side.

581
00:31:44.519 --> 00:31:47.519
<v Speaker 1>Now back to Dan Ray live from the Window World

582
00:31:47.640 --> 00:31:50.759
<v Speaker 1>night Side Studios on WBZ News Radio.

583
00:31:51.079 --> 00:31:54.200
<v Speaker 2>Okay, tax expert Monica Hegersbach is joining us from the

584
00:31:54.240 --> 00:31:58.079
<v Speaker 2>Decision Financial Services. Wanted to continue to talk about this

585
00:31:58.200 --> 00:32:02.640
<v Speaker 2>small business credit. You're mentioning fifty with the Kamala Harris platform,

586
00:32:02.960 --> 00:32:06.799
<v Speaker 2>fifty thousand dollars tax credit for startup businesses. But you're right,

587
00:32:06.880 --> 00:32:09.599
<v Speaker 2>and it's an excellent point. There are so many small

588
00:32:09.640 --> 00:32:13.720
<v Speaker 2>businesses that are struggling out there, and why not help

589
00:32:13.799 --> 00:32:17.079
<v Speaker 2>them and take care of what you already have as

590
00:32:17.079 --> 00:32:21.200
<v Speaker 2>opposed to flood the market by creating more small businesses

591
00:32:21.200 --> 00:32:25.799
<v Speaker 2>when possibly right now the economy can't support it all.

592
00:32:26.119 --> 00:32:28.559
<v Speaker 5>Yeah, and there's a concern. I mean you see it

593
00:32:28.640 --> 00:32:31.559
<v Speaker 5>quite often. You see restaurants that are closing, you know,

594
00:32:31.599 --> 00:32:35.559
<v Speaker 5>the mama pops or the little boutiques or things like

595
00:32:35.599 --> 00:32:37.319
<v Speaker 5>that that these mom and pops have put it out

596
00:32:37.359 --> 00:32:39.640
<v Speaker 5>because they just can't they can't compete. They have to

597
00:32:39.680 --> 00:32:43.359
<v Speaker 5>sell their wares at a lot of a higher price.

598
00:32:43.559 --> 00:32:46.839
<v Speaker 5>You know, we have wages that are going up, payroll taxes,

599
00:32:48.200 --> 00:32:51.079
<v Speaker 5>you can't compete. You need to offer employee benefits, all

600
00:32:51.119 --> 00:32:52.759
<v Speaker 5>of this kind of stuff. But yet there is no

601
00:32:52.920 --> 00:32:57.240
<v Speaker 5>tax incentive for those small businesses. So, like I said,

602
00:32:57.319 --> 00:33:00.640
<v Speaker 5>this startup expense really helps just the ones that are

603
00:33:00.680 --> 00:33:03.359
<v Speaker 5>physically starting up. They just literally put the shingle out

604
00:33:03.400 --> 00:33:03.759
<v Speaker 5>of the door.

605
00:33:03.960 --> 00:33:06.160
<v Speaker 2>What about small business Now, there was a point in

606
00:33:06.160 --> 00:33:08.359
<v Speaker 2>time in America where it was very important, but as

607
00:33:08.400 --> 00:33:10.119
<v Speaker 2>you just mentioned, it's so hard to compete when you

608
00:33:10.160 --> 00:33:12.880
<v Speaker 2>take a look at the job the mega giants. If

609
00:33:12.920 --> 00:33:15.000
<v Speaker 2>you will, I mean, I'll just point to Amazon because

610
00:33:15.039 --> 00:33:17.319
<v Speaker 2>I think it's the perfect example. There's a lot of

611
00:33:17.359 --> 00:33:19.599
<v Speaker 2>things on Amazon that I could get that I used

612
00:33:19.599 --> 00:33:22.480
<v Speaker 2>to run to the corner store to pick up exactly,

613
00:33:22.480 --> 00:33:25.359
<v Speaker 2>and you don't because you just hit a button and

614
00:33:25.400 --> 00:33:28.759
<v Speaker 2>it shows up at your doorstep. Laundry detergent, for example,

615
00:33:28.759 --> 00:33:30.960
<v Speaker 2>say you're out a laundry detergent, you'd run that. Like

616
00:33:31.000 --> 00:33:34.559
<v Speaker 2>we had a store at the anniversary Robin's General Store, right.

617
00:33:34.799 --> 00:33:36.680
<v Speaker 2>I lived in a very rural area. It was six

618
00:33:36.759 --> 00:33:40.400
<v Speaker 2>miles from the old save more, so instead I would

619
00:33:40.400 --> 00:33:42.200
<v Speaker 2>go to the Robin's store to pick up I don't know,

620
00:33:42.640 --> 00:33:46.640
<v Speaker 2>some laundry detergent, or you know, milk if you will,

621
00:33:47.160 --> 00:33:49.319
<v Speaker 2>milk's not coming from Amazon. But now you don't need

622
00:33:49.359 --> 00:33:52.960
<v Speaker 2>to do that. I think it's I don't know, is

623
00:33:53.000 --> 00:33:55.519
<v Speaker 2>there an I guess what I'm asking is is there

624
00:33:55.519 --> 00:33:58.880
<v Speaker 2>a need for small business? Is there enough of a

625
00:33:58.920 --> 00:34:02.559
<v Speaker 2>consumer need for the small business?

626
00:34:02.880 --> 00:34:05.160
<v Speaker 5>I believe there is. I think if we if we

627
00:34:05.480 --> 00:34:07.960
<v Speaker 5>get rid of small business, we're going to I believe

628
00:34:07.960 --> 00:34:12.000
<v Speaker 5>we're going to crush the economy. Small businesses has been

629
00:34:12.000 --> 00:34:17.960
<v Speaker 5>the essential foundation for for everything. It's it's unfortunate. It's

630
00:34:18.000 --> 00:34:23.400
<v Speaker 5>their ideas and their thought that has brought about a

631
00:34:23.400 --> 00:34:25.880
<v Speaker 5>lot of stuff. I mean, think about Microsoft now, it's

632
00:34:25.920 --> 00:34:28.519
<v Speaker 5>a huge corporation, but that just started with a small

633
00:34:28.599 --> 00:34:32.199
<v Speaker 5>thought of a couple of guys starting that industry.

634
00:34:32.320 --> 00:34:34.199
<v Speaker 2>So the same thing with Amazon. He was selling books,

635
00:34:34.280 --> 00:34:39.199
<v Speaker 2>I know, yeah, a book selling, but Netflix was selling DVDs.

636
00:34:39.199 --> 00:34:42.440
<v Speaker 5>Correct. So it's like that that really is what we

637
00:34:42.639 --> 00:34:47.000
<v Speaker 5>built our economy upon. And so we have to remember

638
00:34:48.079 --> 00:34:51.159
<v Speaker 5>the small business and the incentive because they're really the

639
00:34:51.159 --> 00:34:54.159
<v Speaker 5>ones that are out there hiring. Every time there's a

640
00:34:54.199 --> 00:34:57.199
<v Speaker 5>glitch in the economy, Oh we're going to an inflation

641
00:34:57.400 --> 00:35:00.760
<v Speaker 5>or there's just an inkling of a recession. You hear

642
00:35:00.840 --> 00:35:04.639
<v Speaker 5>these large corporations laying off thousands of people, but you

643
00:35:04.679 --> 00:35:06.800
<v Speaker 5>see the mom and pops just hanging on to the

644
00:35:06.840 --> 00:35:09.519
<v Speaker 5>people that they have right and trying to give them

645
00:35:09.559 --> 00:35:13.760
<v Speaker 5>what they can. So I really believe that what's going

646
00:35:13.800 --> 00:35:17.039
<v Speaker 5>to really build up the United States again is supporting

647
00:35:17.079 --> 00:35:20.320
<v Speaker 5>our small businesses. We really need to start supporting them.

648
00:35:20.480 --> 00:35:24.199
<v Speaker 2>Tax EXPERTNA Monica Hengersback is joining us here on WBC's

649
00:35:24.280 --> 00:35:26.880
<v Speaker 2>Night Side. Okay, let's get to the gorilla in the

650
00:35:26.960 --> 00:35:33.079
<v Speaker 2>room here, the dinosaur or whatever. Twenty eight percent capital

651
00:35:33.119 --> 00:35:35.599
<v Speaker 2>gains tax for wealthy Americans, and right now it's at

652
00:35:35.639 --> 00:35:38.480
<v Speaker 2>seventeen And I know people like Warren Buffett have come

653
00:35:38.519 --> 00:35:42.119
<v Speaker 2>out and have said, you know, listen, it's ridiculous that

654
00:35:42.199 --> 00:35:44.280
<v Speaker 2>somebody like a Warren Buffett only has to pay seventy

655
00:35:44.320 --> 00:35:46.880
<v Speaker 2>percent tax because of all the different maneuvers they can

656
00:35:46.920 --> 00:35:50.079
<v Speaker 2>do with their income. Twenty eight percent sounds high, and

657
00:35:50.119 --> 00:35:51.679
<v Speaker 2>I think she's going to have a tough time with that.

658
00:35:51.719 --> 00:35:52.400
<v Speaker 2>What do you think.

659
00:35:53.800 --> 00:35:55.880
<v Speaker 5>I think it's going to be very difficult because I

660
00:35:55.880 --> 00:35:59.000
<v Speaker 5>think if people are and again you know, this is

661
00:35:59.039 --> 00:36:01.880
<v Speaker 5>based upon if you make a million or more of

662
00:36:02.199 --> 00:36:05.880
<v Speaker 5>taxable income, not just income, taxable income, so that is,

663
00:36:05.960 --> 00:36:09.199
<v Speaker 5>after all of your write off, your taxable income is

664
00:36:09.199 --> 00:36:12.639
<v Speaker 5>a million more, your capital gains would be at that

665
00:36:12.679 --> 00:36:16.519
<v Speaker 5>twenty eight percent. But even then it's I think if

666
00:36:16.519 --> 00:36:19.280
<v Speaker 5>they're paying twenty eight percent, then they're not going to

667
00:36:19.360 --> 00:36:23.159
<v Speaker 5>be that willing to invest in the market, in stock,

668
00:36:23.679 --> 00:36:27.880
<v Speaker 5>in real estate, in any of these other these other items.

669
00:36:27.880 --> 00:36:31.760
<v Speaker 5>I think it's going to spur them away from doing that,

670
00:36:32.039 --> 00:36:34.800
<v Speaker 5>investing elsewhere where they don't have to pay the twenty

671
00:36:34.840 --> 00:36:37.639
<v Speaker 5>eight percent, and that could hinder the economy as well.

672
00:36:37.719 --> 00:36:40.480
<v Speaker 5>So I just like her tax that she wanted to

673
00:36:40.559 --> 00:36:44.159
<v Speaker 5>do on unrealized gains, and when when that came out

674
00:36:44.199 --> 00:36:46.119
<v Speaker 5>I'm like, I didn't even bother reading it because I'm like, oh,

675
00:36:46.159 --> 00:36:48.000
<v Speaker 5>there's no way in the world that's even going to

676
00:36:48.079 --> 00:36:52.679
<v Speaker 5>remotely get an ink. So, you know, she did lower

677
00:36:52.679 --> 00:36:55.880
<v Speaker 5>it than what Biden said. Biden wanted capital gains to

678
00:36:55.920 --> 00:36:58.800
<v Speaker 5>be taxed at the highest ordinary income tax rate, and

679
00:36:58.840 --> 00:37:01.719
<v Speaker 5>she's obviously saying one, I don't agree with that, but

680
00:37:01.800 --> 00:37:04.039
<v Speaker 5>I'm I'm going to push it to this twenty eight percent.

681
00:37:04.599 --> 00:37:06.840
<v Speaker 5>I think that's going to be a big battle, and

682
00:37:06.880 --> 00:37:08.840
<v Speaker 5>I don't think she's going to stand a chance to

683
00:37:09.400 --> 00:37:11.519
<v Speaker 5>get that. And if she does get that, there's going

684
00:37:11.599 --> 00:37:13.840
<v Speaker 5>to be some battle because she also wants to increase

685
00:37:13.880 --> 00:37:16.880
<v Speaker 5>the corporate tax rate from twenty one percent to twenty

686
00:37:16.920 --> 00:37:19.880
<v Speaker 5>eight percent. So which one do you want more? Do

687
00:37:19.920 --> 00:37:22.840
<v Speaker 5>you want the corporate rate being twenty eight percent, Then

688
00:37:22.880 --> 00:37:26.840
<v Speaker 5>then you can't tax the shareholders at twenty eight percent either,

689
00:37:27.639 --> 00:37:29.360
<v Speaker 5>So you're going to have to pick and choose here.

690
00:37:29.400 --> 00:37:30.760
<v Speaker 5>So I don't think she's going to be able to

691
00:37:30.800 --> 00:37:31.800
<v Speaker 5>pass that one, you know.

692
00:37:31.880 --> 00:37:34.079
<v Speaker 2>I mean, I'm a listen, I'm a registered Democrat. I

693
00:37:34.159 --> 00:37:37.320
<v Speaker 2>voted both ways. But when you when you talk about

694
00:37:37.360 --> 00:37:40.639
<v Speaker 2>increasing taxings on companies from twenty one percent to twenty

695
00:37:40.639 --> 00:37:42.920
<v Speaker 2>eight percent. I mean that's why they leave, you know,

696
00:37:43.039 --> 00:37:45.840
<v Speaker 2>it's it's such a balance. You know, you just have

697
00:37:45.880 --> 00:37:49.519
<v Speaker 2>to play ball with the bosses. You just do, you

698
00:37:49.519 --> 00:37:52.960
<v Speaker 2>know you do, and I understand. You know what people

699
00:37:53.119 --> 00:37:54.679
<v Speaker 2>that my dad worked in a paper mill. You know,

700
00:37:54.719 --> 00:37:56.760
<v Speaker 2>my mom stayed at home. We had one used car.

701
00:37:56.840 --> 00:37:59.320
<v Speaker 2>I mean, I get it. But the people that make

702
00:37:59.360 --> 00:38:01.480
<v Speaker 2>the money, if you the people that have the money

703
00:38:01.519 --> 00:38:03.679
<v Speaker 2>that start the businesses and own the businesses, if you

704
00:38:03.679 --> 00:38:06.599
<v Speaker 2>don't play ball with them, you could get screwed as well. Well.

705
00:38:06.679 --> 00:38:08.719
<v Speaker 2>I think what's going to happen is the twenty eight

706
00:38:08.760 --> 00:38:10.840
<v Speaker 2>percent will be a political planing because she probably won't

707
00:38:10.840 --> 00:38:12.559
<v Speaker 2>get it past, but she can probably she can say

708
00:38:12.559 --> 00:38:16.400
<v Speaker 2>that she tried. Monica, thank you so much. You have

709
00:38:16.480 --> 00:38:20.519
<v Speaker 2>been very helpful. Monica Hengersbach at Decision Financial Services. Do

710
00:38:20.519 --> 00:38:21.400
<v Speaker 2>you have a website?

711
00:38:22.280 --> 00:38:25.880
<v Speaker 5>I do, It's Decision financial dot com and or a podcast.

712
00:38:25.920 --> 00:38:27.880
<v Speaker 5>You can listen to me on the Wealthy Wallet.

713
00:38:28.039 --> 00:38:32.119
<v Speaker 2>The Wealthy I like that name, The Wealthy Wallet. That's quick,

714
00:38:32.239 --> 00:38:34.079
<v Speaker 2>snappy and tells you what it is. All right, Monica,

715
00:38:34.159 --> 00:38:35.880
<v Speaker 2>have a good night you two.

716
00:38:36.000 --> 00:38:37.280
<v Speaker 5>Thank you all right, thanks.

717
00:38:37.039 --> 00:38:41.159
<v Speaker 2>For joining us. Monica Hengersbach from Decision Financial Services, talking

718
00:38:41.199 --> 00:38:44.239
<v Speaker 2>about the tax situation with Kamala Harris. Got a lot

719
00:38:44.239 --> 00:38:47.480
<v Speaker 2>still to do here now, I'm not still. We know

720
00:38:47.519 --> 00:38:49.119
<v Speaker 2>a lot of people are going to be paying attention

721
00:38:49.159 --> 00:38:50.920
<v Speaker 2>to what's going on with Karen Reid because at nine

722
00:38:50.920 --> 00:38:52.840
<v Speaker 2>o'clock on television, she's going to be starting to tell

723
00:38:52.880 --> 00:38:55.199
<v Speaker 2>her side of the story. We are going to continue

724
00:38:55.280 --> 00:38:58.480
<v Speaker 2>here on the radio talking sports with Jackson Tolliver about

725
00:38:58.480 --> 00:39:00.760
<v Speaker 2>the Patriots and the Celtics. Also, we'll get into the

726
00:39:00.760 --> 00:39:04.119
<v Speaker 2>Boston Film Festival and a terrific movie that's going to

727
00:39:04.159 --> 00:39:06.039
<v Speaker 2>be shown at the Boston Film Festival that's coming up

728
00:39:06.039 --> 00:39:08.119
<v Speaker 2>at the next hour. Then at ten o'clock, we will

729
00:39:08.119 --> 00:39:11.320
<v Speaker 2>do a little post game on the Karen Reid story

730
00:39:12.519 --> 00:39:14.880
<v Speaker 2>right here on WBC's Night Side. All right, talk to

731
00:39:15.000 --> 00:39:16.519
<v Speaker 2>the other side, get into some sports.