Belk On Business

Biden’s Tax Proposals 1. Increased individual tax rate for individual taxpayers with income above $400,000 2. Increased capital gains rate for those with income over $1,000,000 3. Repeal of SALT deduction 4. Death as taxable event 5. Limitations on itemized deductions 6. Phaseout of QBI deduction 7. Payroll tax increase for taxpayers with earnings above $400,000 8. Increased corporate tax rate 9. Repeal of like kind exchanges 10. Tax on unrealized gains Subscribe on these platforms:    Apple Podcast: https://apple.co/2Zp6hgj​    Spotify: https://lnkd.in/gcWDnFZ​    Stitcher: https://bit.ly/34aRgO2​    YouTube: https://youtu.be/OKy7STnN-Ok