Well, pretty likely.
When the House, Senate, and Presidency goes either completely red or blue, you tend to see some sweeping tax policy changes…
To prepare for this, we’ve done a full analysis on Biden’s proposed tax policy changes and what
it means for 2021 and 2022.
There’s a lot to unpack:
- Individual Income Tax To ~40%
- Capital Gains To Over 40%
- Elimination of S/E Tax Limit of $137k
- Corporate Tax Rates To 28%
- Partial Elimination of QBID
- Child Tax Credits
- Repatriation of Profits
- Energy Tax Incentives
- Itemized Deductions
- GILTI
- Healthcare
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