Tag Archives: The US President Joe Biden Is Expected to Introduce Tax Hikes and A $80 Billion Fund to Audit the Wealthy

The US President Joe Biden Is Expected to Introduce Tax Hikes and A $80 Billion Fund to Audit the Wealthy

According to a source familiar with the plan, President Joe Biden’s tax package would include an end to a major gain for wealthy estates, that significantly reduces the levy for inheritors, as well as an increase in the top income tax rate and support for strengthened IRS auditing. Ending “step up in basis,” which requires […]