ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 224: Breaking Down Trump's Tax Plan

With the inauguration of President Trump behind us, a wave of changes is already in motion—executive orders reshaping policies, and bold tax proposals that could have significant implications for your bottom line. While not everything in a campaign becomes reality, understanding these potential shifts is key to staying ahead.

In this episode, we’re diving into Trump’s new tax agenda, including how a C corporation instead of an S corporation could be the new norm for 1099 earning ER docs.

Topics Discussed:   

  • How politics tend to change and the importance of understanding the possible upcoming changes.
  • The quick changes already being put into place.
  • The economic impact of the changes Trump has proposed.
  • What the TCJ tax cuts are and how they may be extended.
  • How tax cuts could affect the federal debt.
  • Why C corps may become the preferable choice over S corps.
  • How to optimize tax rates now.

Resources Mentioned:

Tags:

Trump Policies, Policy Changes, Taxes, Tax changes, Trump Tax Changes, C corp, S corp, 1099, financial planning, emergency medicine, ER doc, ER doctor,