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Advisors Dealing With A Flood Of Tax Anxiety - InsuranceNewsNet


Advisors Dealing With A Flood Of Tax Anxiety
Financial advisors are finding many of their clients worried about their future tax liabilities.
Talk of pending tax increases has some advisors busy with clients who are anxious to plan now.
Much of the focus lately has been on companies because of President Joe Biden’s latest proposal that includes infrastructure spending and corporate taxes through undoing some of the Trump administration’s tax cuts.
Top earners and asset-holders have also been in the spotlight because of Biden’s plan to raise taxes on people making more than $400,000. This week, the administration clarified that the income limit applies to households, not individuals. As a result, many more families might be paying higher taxes than some might have thought originally. ....

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