General World News

8 ways to prepare for the Biden tax hike, according to the world’s largest wealth manager

2011 02 08T120000Z_1641923879_GM1E7281QJQ01_RTRMADP_3_BIDEN.JPG

Summary List Placement

Tax hikes are probably on the horizon as President Joe Biden’s infrastructure package begins its slow march to becoming law.

Of course, not every provision may end up in the final package. But it is pretty likely, according to Morgan Stanley researchers, that tax filers making over $400,000 will see an increase in their income tax rate, and that the capital gains rate — which taxes assets like stocks — will go up from its currently favorably low rate.

The top 1% of Americans would take on essentially all of the tax burden in Biden’s details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com