The Federal Reserve’s FOMC (“Federal Open Market Committee”) an…
MAY 05, 2022
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.