Скачать или смотреть The Joe Biden Tax Plan

The Joe Biden Tax Plan

There will certainly be an impact on tax rates if the blue wave and Joe Biden are successful in November. According to the Biden tax plan, one of the tax laws he wants to change is the elimination of the step-up in cost basis. This is crucial as it will create a significant increase in the taxes on the money that you wish to pass on to your heirs.
However, due to the runaway spending of congress, it is no secret that taxes will have to be higher in the future regardless of who is elected in November. With a rumored fifth part of the COVID-19 relief bill coming in the next few months, the United States will most likely find itself in an additional $4 trillion in debt by the end of the year. The money must come from somewhere. It will most certainly come from an insurmountable increase in taxes. What can you do about it?

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