April 15, 2025 • 13 mins
People are quick to say things can’t be done until they’re done. Donald Trump has never been that guy. Nvidia has never been that company. That’s probably why they’re two of the most successful entities the world has ever seen.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Brian Mundshow podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be to visit Braymanmotorcars dot com.
Speaker 2 (00:14):
Welcome to the Brian Munt Show and thank you for listening.
It's time for today's top three takeaways. Helpful, useful, repeatable.
Speaker 1 (00:23):
Tax Day takeaway and in video delivered a massive Trump win.
All right, so let's dive into today's takeaways.
Speaker 2 (00:33):
On this tax day, you say happy tax Day.
Speaker 3 (00:39):
I mean.
Speaker 2 (00:41):
You say happy Monday. I mean tax Day would be worse.
Speaker 1 (00:45):
I'm doing that because I want to force you to
have a good Monday. I don't even know if I
could be for Sabbath a happy tax Day, So just
to give you an idea, and I will not belabor
the point. So one of the first things, because coming
up on tax Day, I always rearranged the deck chairs
(01:07):
to come up with the money to pay the IRS
that they hadn't already extracted previously. So as I am
working on this process yesterday, I go ahead and I
have all the money that's that's set to be delivered
to the checking account so the IRS can extract it.
Because I filed a couple months ago and went ahead
(01:28):
and made April fifteenth automatically that day. So I go
just kinda see where things stand. First thing I did
this morning. I look inside the app my bank, see
my checking account with the massive negative balance. Massive negative balance.
It's going to work out by the end of the day,
I'm sure. But just the timing of the money that
(01:49):
was transferring from one financial institution into my Chicken account
and the timing the irs, I mean, it must have
been with no exaggeration, like it's midnight. In one second,
we're in We're take it at all, Like seriously, people,
right because I put April fifteenth, you know, go ahead
(02:10):
and debit the tax balance. It's like, how did it
beat everything else that is processing today? I got paid today,
I transferred the significant amount of money to cover the
tax liability yesterday. Somehow or another, dioras managed to beat
(02:32):
everybody to the jump. And so yeah, I wake up
to a massive negative balance of my Chicken account, like
just a reminder about so it's hard for me to
be happy on tax day. And then I get to
listen to people you don't pay enough in taxes? Uh huh,
serenity now, so about that.
Speaker 3 (02:54):
If you haven't done so, Tuesday's the deadline for most
Americans to file our taxes. If you need some help,
there are some free options for filling out and submitting
tax documents, including IRS Direct File on its website. There
are also options for extensions, and important to note, the
IRS has extended the tax filing deadline for people and
(03:15):
businesses in areas declared major disaster zones by the federal government.
Speaker 2 (03:20):
Yeah, so about them.
Speaker 1 (03:21):
A top take quay today is it is tax Day,
but perhaps not for you, because yeah, tax ay is
for most of the country, but not for Ordians. The
IRS has published back has pushed back filing deadlines for
residents of five states that were subjected to federal disaster
declarations last year. So the deadline to file in Florida
(03:44):
is Thursday, May first. Now, the four other states with
delayed filing deadlines include Alabama, Georgia, North Carolina, and South Carolina,
all a result of Helene Milton or both in some cases.
So all of the the deadlines that have been extended
(04:04):
have to do with disaster declarations. While there are the
five states I just mentioned, all told you do have
residents in twelve states that have automatic deadlines that have
been pushed back a Residents of Los Angeles County, California,
for example, have been given until October fifteenth because of
the apocalyptic like wildfires in January.
Speaker 2 (04:25):
But anyway, whether you've.
Speaker 1 (04:25):
Already filed or will wait until May, there's a good
chance that once you fully reconciled, you'll have paid more
than your share. Why do I say that, Well, when
the dust has fully settled on this income tax season,
Floridians will have paid about seven and a half percent
of the total federal income tax burden. That's based on
(04:47):
IRAS data. With well over one hundred and fifty billion
dollars in individual income taxes paid by Floridians out of
the over two point two trillion paid nationally, Florida counts
for about six and a half percent of the population.
What that means is that despite not having the state
(05:09):
income tax, residents of this state on average pay fifteen
percent more in federal income tax than the average other American. Now,
as frustrating as it can be to pay taxes all
throughout the year, only to come up with yes, that
massive tax bill on Taxday, and again, I feel your
pain in many ways, this is illustrative of how demographics
(05:33):
have helped reshape our state. Contrary to popular leftist belief,
upper income earners pay almost all federal income taxes. The
top one percent over the past year has accounted for
over forty percent of the total tax burden. The bottom
forty seven percent of income earners have paid nothing in
federal income taxes. So for Florida to pay a far
(05:57):
greater population adjusted share of federal income to means that
we got a lot of residents with well above average means.
For years, and especially since the onset of the pandemic,
Florida has led the country in net wealth migration. We're
starting to see that show up in a very significant
way with the sheriffital income taxes that are being paid
by residents of this state. Another way of looking at
(06:18):
this the challenges that many of the existing stereotypes around
the state about affordability in the light the average tax
filing Floridian has far higher income than the average American.
But then again, that's also part of what's driving some
of the affordability challenges for other folks, including Fordians that.
Speaker 2 (06:38):
Have lived here for a long time.
Speaker 1 (06:40):
So you have a lot of people with a lot
of money coming into the state, putting pressure on housing
and other prices. My second takeaway today in Vidia just
change everything again in.
Speaker 4 (06:53):
Vidias as it expects to produce up to half a
trillion dollars worth of AI infrastructure in the US with
its partners in the next four years.
Speaker 1 (07:02):
Okay, so by now you probably know the key to
powering American AI is what Joel in video there you go.
Speaker 2 (07:13):
Yeah, see we've learned something here today.
Speaker 1 (07:16):
So yes, in Vidia has been the key to powering
American AI. The processing power of Nvidia's chips has made
it the AI leader. And it hasn't just become the
biggest semiconductor company in the world with the market capitalization
of close to three trillion dollars, they become the third
most valuable company in the world period, behind only Apple
(07:37):
and Microsoft.
Speaker 2 (07:38):
And by the way, as an aside, I was.
Speaker 1 (07:41):
Going through this yesterday and came to a somewhat depressing
realization as we talked about tax Day, we talked about
the US debt and everything else.
Speaker 2 (07:52):
How big is the US debt?
Speaker 1 (07:54):
Because you hear all these numbers, is like, you know,
one infinite trillion, billion, gazillion dollars, right, it's like, I
don't even know what that means anymore.
Speaker 2 (08:04):
Those numbers are so big.
Speaker 1 (08:06):
Well, if you added up the total market value of
the ten most valuable companies in the world, which by
the way, are in this order, Apple, Microsoft, and Vidia,
Alphabet which is Google, Amazon, Meta, which is all the
Facebook companies, Facebook, Instagram, what's up all that? Saudi a Ramco, Tesla, Birkshire, Hathaway,
(08:29):
and Taiwan Semiconductor. You take those ten companies and you
just threw them into the fat of the federal debt,
it would still like, come back and go, can you
give me a birchall you do that on demand? Oh god, okay,
I'd be like seventeen point four trillion more.
Speaker 2 (08:54):
Okay, So.
Speaker 1 (08:56):
If we took the ten largest companies in the world
just into the dead, we would still have seventeen point
four trillion dollars in national dead left. I see you
shake your head, Joels. That helped Irate again.
Speaker 2 (09:12):
Said yeah, it's depressing like you said, but yes, it
definitely helps.
Speaker 1 (09:17):
So on this tax day, it is a reminder that
there are not enough rich people, not enough rich companies
in the world to continue to pay for the ridiculous
amounts of free puppies, free candy, free Biden bucks, free
Obama Fi, free school lunches, free government housing, free free free, free,
(09:42):
free free stuff that is anything but free. None of
it's free. But anyway, that's not what this takeaway is
about today. It's about what comes next in President Trump's
quest to make US manufacturing great again through his ever
evolving tariff policies and hopefully suing some new trade deals
(10:04):
so we don't have all this tariff uncertainty indefinitely. So
on Monday, Nvidia announced a new plan to build its
AI supercomputers within the United States, and the announcement in
video said they've commissioned over one million square feet of
manufacturing space in Arizona and Texas that over the next
four years will provide over five hundred billion dollars of
(10:26):
AI infrastructure.
Speaker 2 (10:27):
Also note in the.
Speaker 1 (10:29):
Manufacturing chain is China's Fox con ramping up manufacturing from
China now from Houston, Texas, with Taiwan Semiconductor also teeming
with Nvidia on the project at its Phoenix based plans, which.
Speaker 2 (10:45):
Takes me to my third takeaway today. This could prove
huge in many ways.
Speaker 4 (10:50):
CEO Jensen Wong says, adding American manufacturing helps Invidia to
better meet the incredible and growing demand for AI chips
and super for computers, strengthens our supply chain and boosts
our resiliency.
Speaker 2 (11:04):
Yeah.
Speaker 1 (11:04):
First, from the national security standpoint, to have what would
be expected to be the world's leading supercomputers completely manufactured
end to end within the United States, big deal.
Speaker 2 (11:16):
Big deal.
Speaker 1 (11:16):
It's also a big deal that Fox Conn, the largest
Chinese manufacturing company, which Apple and others have essentially said, Look,
we just can't replicate this. We can't do iPhones and
other stuff at scale without fox Gonne. Well, hold on,
if Fox Gone can develop the world's leading supercomputers in Texas,
(11:39):
huh So, if this is going to happen within the
United States, then what else could happen within the United States?
You know? Team Trump seized on this announcement yesterday, calling
it the Trump Effect in action. The note from the
White House said this, President Donald J. Trump has made
US based chips manufacturing a priority as part of his
relentless pursuit of an American manufacturing renaissance, and it's paying
(12:02):
off with trillions of dollars in new investments secured in
the tech sector.
Speaker 2 (12:06):
Alone. Okay, so here's what we know.
Speaker 1 (12:08):
For all who had said as recently as last week
that mass tech production in the United States they effectively
can't be done, the world's two largest semiconductor companies are
doing it. And they're doing it with the company the
manufactures Apple's iPhones and most said their other things, and
in Texas, where by the way, Apple also.
Speaker 2 (12:31):
Has a manufacturing plant. I don't know that.
Speaker 1 (12:34):
To me, it seems more than just a little bit interesting.
So many are quick to say that President Trump's ambitions
to bring back American manufacturing are not rooted in reality.
And Vidia had just put five hundred billion dollars over
the next four years behind that reality. And if people
are quick to say things we can't do, that just
can't be done. Well, Donald Trump has never been that guy,
(12:57):
and Vidia has never been that company. And maybe that's
why there are two of the most successful entities that
the world has ever seen.
The Brian Mundshow podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be to visit Braymanmotorcars dot com.
Speaker 2 (00:14):
Welcome to the Brian Munt Show and thank you for listening.
It's time for today's top three takeaways. Helpful, useful, repeatable.
Speaker 1 (00:23):
Tax Day takeaway and in video delivered a massive Trump win.
All right, so let's dive into today's takeaways.
Speaker 2 (00:33):
On this tax day, you say happy tax Day.
Speaker 3 (00:39):
I mean.
Speaker 2 (00:41):
You say happy Monday. I mean tax Day would be worse.
Speaker 1 (00:45):
I'm doing that because I want to force you to
have a good Monday. I don't even know if I
could be for Sabbath a happy tax Day, So just
to give you an idea, and I will not belabor
the point. So one of the first things, because coming
up on tax Day, I always rearranged the deck chairs
(01:07):
to come up with the money to pay the IRS
that they hadn't already extracted previously. So as I am
working on this process yesterday, I go ahead and I
have all the money that's that's set to be delivered
to the checking account so the IRS can extract it.
Because I filed a couple months ago and went ahead
(01:28):
and made April fifteenth automatically that day. So I go
just kinda see where things stand. First thing I did
this morning. I look inside the app my bank, see
my checking account with the massive negative balance. Massive negative balance.
It's going to work out by the end of the day,
I'm sure. But just the timing of the money that
(01:49):
was transferring from one financial institution into my Chicken account
and the timing the irs, I mean, it must have
been with no exaggeration, like it's midnight. In one second,
we're in We're take it at all, Like seriously, people,
right because I put April fifteenth, you know, go ahead
(02:10):
and debit the tax balance. It's like, how did it
beat everything else that is processing today? I got paid today,
I transferred the significant amount of money to cover the
tax liability yesterday. Somehow or another, dioras managed to beat
(02:32):
everybody to the jump. And so yeah, I wake up
to a massive negative balance of my Chicken account, like
just a reminder about so it's hard for me to
be happy on tax day. And then I get to
listen to people you don't pay enough in taxes? Uh huh,
serenity now, so about that.
Speaker 3 (02:54):
If you haven't done so, Tuesday's the deadline for most
Americans to file our taxes. If you need some help,
there are some free options for filling out and submitting
tax documents, including IRS Direct File on its website. There
are also options for extensions, and important to note, the
IRS has extended the tax filing deadline for people and
(03:15):
businesses in areas declared major disaster zones by the federal government.
Speaker 2 (03:20):
Yeah, so about them.
Speaker 1 (03:21):
A top take quay today is it is tax Day,
but perhaps not for you, because yeah, tax ay is
for most of the country, but not for Ordians. The
IRS has published back has pushed back filing deadlines for
residents of five states that were subjected to federal disaster
declarations last year. So the deadline to file in Florida
(03:44):
is Thursday, May first. Now, the four other states with
delayed filing deadlines include Alabama, Georgia, North Carolina, and South Carolina,
all a result of Helene Milton or both in some cases.
So all of the the deadlines that have been extended
(04:04):
have to do with disaster declarations. While there are the
five states I just mentioned, all told you do have
residents in twelve states that have automatic deadlines that have
been pushed back a Residents of Los Angeles County, California,
for example, have been given until October fifteenth because of
the apocalyptic like wildfires in January.
Speaker 2 (04:25):
But anyway, whether you've.
Speaker 1 (04:25):
Already filed or will wait until May, there's a good
chance that once you fully reconciled, you'll have paid more
than your share. Why do I say that, Well, when
the dust has fully settled on this income tax season,
Floridians will have paid about seven and a half percent
of the total federal income tax burden. That's based on
(04:47):
IRAS data. With well over one hundred and fifty billion
dollars in individual income taxes paid by Floridians out of
the over two point two trillion paid nationally, Florida counts
for about six and a half percent of the population.
What that means is that despite not having the state
(05:09):
income tax, residents of this state on average pay fifteen
percent more in federal income tax than the average other American. Now,
as frustrating as it can be to pay taxes all
throughout the year, only to come up with yes, that
massive tax bill on Taxday, and again, I feel your
pain in many ways, this is illustrative of how demographics
(05:33):
have helped reshape our state. Contrary to popular leftist belief,
upper income earners pay almost all federal income taxes. The
top one percent over the past year has accounted for
over forty percent of the total tax burden. The bottom
forty seven percent of income earners have paid nothing in
federal income taxes. So for Florida to pay a far
(05:57):
greater population adjusted share of federal income to means that
we got a lot of residents with well above average means.
For years, and especially since the onset of the pandemic,
Florida has led the country in net wealth migration. We're
starting to see that show up in a very significant
way with the sheriffital income taxes that are being paid
by residents of this state. Another way of looking at
(06:18):
this the challenges that many of the existing stereotypes around
the state about affordability in the light the average tax
filing Floridian has far higher income than the average American.
But then again, that's also part of what's driving some
of the affordability challenges for other folks, including Fordians that.
Speaker 2 (06:38):
Have lived here for a long time.
Speaker 1 (06:40):
So you have a lot of people with a lot
of money coming into the state, putting pressure on housing
and other prices. My second takeaway today in Vidia just
change everything again in.
Speaker 4 (06:53):
Vidias as it expects to produce up to half a
trillion dollars worth of AI infrastructure in the US with
its partners in the next four years.
Speaker 1 (07:02):
Okay, so by now you probably know the key to
powering American AI is what Joel in video there you go.
Speaker 2 (07:13):
Yeah, see we've learned something here today.
Speaker 1 (07:16):
So yes, in Vidia has been the key to powering
American AI. The processing power of Nvidia's chips has made
it the AI leader. And it hasn't just become the
biggest semiconductor company in the world with the market capitalization
of close to three trillion dollars, they become the third
most valuable company in the world period, behind only Apple
(07:37):
and Microsoft.
Speaker 2 (07:38):
And by the way, as an aside, I was.
Speaker 1 (07:41):
Going through this yesterday and came to a somewhat depressing
realization as we talked about tax Day, we talked about
the US debt and everything else.
Speaker 2 (07:52):
How big is the US debt?
Speaker 1 (07:54):
Because you hear all these numbers, is like, you know,
one infinite trillion, billion, gazillion dollars, right, it's like, I
don't even know what that means anymore.
Speaker 2 (08:04):
Those numbers are so big.
Speaker 1 (08:06):
Well, if you added up the total market value of
the ten most valuable companies in the world, which by
the way, are in this order, Apple, Microsoft, and Vidia,
Alphabet which is Google, Amazon, Meta, which is all the
Facebook companies, Facebook, Instagram, what's up all that? Saudi a Ramco, Tesla, Birkshire, Hathaway,
(08:29):
and Taiwan Semiconductor. You take those ten companies and you
just threw them into the fat of the federal debt,
it would still like, come back and go, can you
give me a birchall you do that on demand? Oh god, okay,
I'd be like seventeen point four trillion more.
Speaker 2 (08:54):
Okay, So.
Speaker 1 (08:56):
If we took the ten largest companies in the world
just into the dead, we would still have seventeen point
four trillion dollars in national dead left. I see you
shake your head, Joels. That helped Irate again.
Speaker 2 (09:12):
Said yeah, it's depressing like you said, but yes, it
definitely helps.
Speaker 1 (09:17):
So on this tax day, it is a reminder that
there are not enough rich people, not enough rich companies
in the world to continue to pay for the ridiculous
amounts of free puppies, free candy, free Biden bucks, free
Obama Fi, free school lunches, free government housing, free free free, free,
(09:42):
free free stuff that is anything but free. None of
it's free. But anyway, that's not what this takeaway is
about today. It's about what comes next in President Trump's
quest to make US manufacturing great again through his ever
evolving tariff policies and hopefully suing some new trade deals
(10:04):
so we don't have all this tariff uncertainty indefinitely. So
on Monday, Nvidia announced a new plan to build its
AI supercomputers within the United States, and the announcement in
video said they've commissioned over one million square feet of
manufacturing space in Arizona and Texas that over the next
four years will provide over five hundred billion dollars of
(10:26):
AI infrastructure.
Speaker 2 (10:27):
Also note in the.
Speaker 1 (10:29):
Manufacturing chain is China's Fox con ramping up manufacturing from
China now from Houston, Texas, with Taiwan Semiconductor also teeming
with Nvidia on the project at its Phoenix based plans, which.
Speaker 2 (10:45):
Takes me to my third takeaway today. This could prove
huge in many ways.
Speaker 4 (10:50):
CEO Jensen Wong says, adding American manufacturing helps Invidia to
better meet the incredible and growing demand for AI chips
and super for computers, strengthens our supply chain and boosts
our resiliency.
Speaker 2 (11:04):
Yeah.
Speaker 1 (11:04):
First, from the national security standpoint, to have what would
be expected to be the world's leading supercomputers completely manufactured
end to end within the United States, big deal.
Speaker 2 (11:16):
Big deal.
Speaker 1 (11:16):
It's also a big deal that Fox Conn, the largest
Chinese manufacturing company, which Apple and others have essentially said, Look,
we just can't replicate this. We can't do iPhones and
other stuff at scale without fox Gonne. Well, hold on,
if Fox Gone can develop the world's leading supercomputers in Texas,
(11:39):
huh So, if this is going to happen within the
United States, then what else could happen within the United States?
You know? Team Trump seized on this announcement yesterday, calling
it the Trump Effect in action. The note from the
White House said this, President Donald J. Trump has made
US based chips manufacturing a priority as part of his
relentless pursuit of an American manufacturing renaissance, and it's paying
(12:02):
off with trillions of dollars in new investments secured in
the tech sector.
Speaker 2 (12:06):
Alone. Okay, so here's what we know.
Speaker 1 (12:08):
For all who had said as recently as last week
that mass tech production in the United States they effectively
can't be done, the world's two largest semiconductor companies are
doing it. And they're doing it with the company the
manufactures Apple's iPhones and most said their other things, and
in Texas, where by the way, Apple also.
Speaker 2 (12:31):
Has a manufacturing plant. I don't know that.
Speaker 1 (12:34):
To me, it seems more than just a little bit interesting.
So many are quick to say that President Trump's ambitions
to bring back American manufacturing are not rooted in reality.
And Vidia had just put five hundred billion dollars over
the next four years behind that reality. And if people
are quick to say things we can't do, that just
can't be done. Well, Donald Trump has never been that guy,
(12:57):
and Vidia has never been that company. And maybe that's
why there are two of the most successful entities that
the world has ever seen.
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