President Biden’s Tax Hikes Are Coming!
First, Biden wants to raise the corporate tax rate from 21% to 28%. Second, the top individual's income tax rate will be raised from 37% to 39.6%, which was the rate before it was reduced in 2017. This will only affect Americans earning more than $510,000. Third, the capital-gains tax rate would be raised from a top rate of 20% to 39.6% for people earning more than $1 million per year. Would these changes affect you? Want to find out more? Please do not hesitate to call us at (832) 295-3353 to schedule a tax planning introduction meeting. You can also set up an appointment with us at https://xqcpa-bookme.acuityscheduling.com/schedule.php. Last but not least, please like and share our daily posts.