When the House, Senate, and Presidency goes either completely red or blue, you tend to see some sweeping tax policy changes...
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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