Breaking Down Biden’s New Tax Proposals

<p>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.</p> <p> </p> <p><strong>Read more and get additional financial resources here:</strong> <a href= "https://johnsonbrunetti.com/podcast-episode-200-breaking-down-bidens-new-tax-proposals/"> https://johnsonbrunetti.com/podcast-episode-200-breaking-down-bidens-new-tax-proposals/</a> </p> <p> </p> <p><strong>What we discuss on this episode: </strong></p> <p><strong>1:02</strong> – Quote of the week  </p> <p><strong>1:53</strong> – Biden tax proposals</p> <p><strong>3:19</strong> – Top individual tax rate increase  </p> <p><strong>6:02</strong> – Corporate tax rate increase</p> <p><strong>10:24</strong> – Top capital gains rate nearly doubling</p> <p><strong>12:17</strong> – Elimination of stepped-up basis at death</p> <p><strong>14:17</strong> – Proper planning</p> <p><strong>17:17</strong> – Moving to different states for tax reasons</p> <p><strong>20:39</strong> – Mailbag question on pension funds</p>