May 14, 2021
The first few months of the Biden administration brought a lot of new legislation but many of our clients are paying close attention to the tax proposals that are on the table. Let’s take a look at the places where increased taxes could be coming and what it means for planning.
Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-200-breaking-down-bidens-new-tax-proposals/
What we discuss on this episode:
1:02 – Quote of the week
1:53 – Biden tax proposals
3:19 – Top individual tax rate increase
6:02 – Corporate tax rate increase
10:24 – Top capital gains rate nearly doubling
12:17 – Elimination of stepped-up basis at death
14:17 – Proper planning
17:17 – Moving to different states for tax reasons
20:39 – Mailbag question on pension funds