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Tax News June 2021 - "The Biggest Winners and Losers in President Biden's Proposed Individual Tax Plan"

Tax News June 2021 - "The Biggest Winners and Losers in President Biden's Proposed Individual Tax Plan"

Excerpt 

The Biggest Winners and Losers in President Biden's Proposed Individual Tax Plan

President Biden presented his $1.8 trillion American Families Plan, which focuses on expanding benefits for education, children and childcare. The Biden administration intends to pay for the plan with a series of tax hikes on certain individual taxpayers. Depending on your income and source of wealth, there are some clear winners and losers of this proposal, so let’s look at each and start with those who lose.........................

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