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Big Tax Changes Are Brewing What You Need to Know.

admin by admin
September 22, 2021
in Tax
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Big Tax Changes Are Brewing What You Need to Know.

If you make big money or you smoke, chances are good that you’re not going to like the tax package that Congress is set to vote on before the end of the month.

Democrats, led by President Joe Biden, are clear about where they stand—higher taxes for top earners: A 3% surtax on income above $5 million, changes to individual retirement account rules, a cut in the qualified small-business stock exemption, and the elimination of an estate-planning tool would be the biggest changes.

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