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