Biden tax hikes dominate adviser-client discussions
There s a sense of urgency to make moves to take advantage of today s low tax rates because they may be going up soon. A $2.3 trillion package contains a proposal to increase the corporate tax rate from 21% to 28%.
April 1, 2021 3 MINS
As proposals to increase taxes on wealthy Americans and high-income earners to fund government spending initiatives proliferate in Washington, preparing for tax hikes has become a top priority for investment advisers and their clients.
“This is the world I’m living in,” said Joanne Burke, founder of Birch Street Financial Advisors. “That’s a conversation I’m having probably on a daily basis with clients. Everyone I talk to has the general sentiment they’re going to have a tax increase.”