“Extraordinary measures” are becoming commonplace. As the debt c…
JANUARY 20, 2023
YUNG-YU MA, PH.D.
Preparing for the Proposed New Tax Plan
President Joe Biden’s American Families Plan includes dramatic tax changes that will impact the highest-income Americans and business owners; especially those considering a sale. While the plan will likely be modified before/if it is adopted, there are steps individuals can take now to help prepare for changes that will increase the taxes they pay, including income tax, capital gains taxes, wealth transfer taxes, real estate transfers and more.