Published on: 04/28/2021
What Advisors Think of Biden’s $1.5T Tax Plan
President Joe Biden unveiled early Wednesday his $1.8 trillion American Families Plan, which is funded in part by $1.5 trillion in tax hikes on the wealthy and includes an increase the capital gains rate, as well as an end to the step-up in basis tax break on inheritances, and the carried interest tax break used by private equity and hedge fund managers.
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