Wealth Advisers Grapple With Latest Biden Tax Plan
Talking Tax29 Apr 2021

Wealth Advisers Grapple With Latest Biden Tax Plan

President Joe Biden this week outlined his plan to increase taxes on wealthy individuals as a way to pay for investments in childcare and education. An almost doubling of the federal capital gains tax rate and a provision curtailing a tax break on property transferred to heirs at death are among the changes in the American Families Plan. But noticeably absent are any increases to the estate tax—either by raising the top rate or by cutting the amount that wealthy families can pass on to the next generation tax-free, both of which are issues Biden campaigned on. In this week's episode of Talking Tax, reporter Allyson Versprille speaks to Brad Dillon, a senior wealth strategist at UBS Group AG in New York City. Dillon discusses the impact the Biden plan would have on wealthy individuals if enacted and whether it makes sense to plan for those changes now.

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Corporate Tax Disclosures Let Investors Peer Into the Black Box

Corporate Tax Disclosures Let Investors Peer Into the Black Box

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The Supreme Court's decision to nix a wide swath of the Trump administration's tariffs comes with some big tax and transfer pricing questions for tax executives as companies battle to collect refunds ...

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