Tax,
Government
Jun. 15, 2021
Much higher capital gain rates are aleady in effect, any good news?
The Biden administration's so-called "Green Book" has nothing to do with the environment, and everything to do with taxes, or tax hikes actually.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
The Biden administration's so-called "Green Book" has nothing to do with the environment, and everything to do with taxes, or tax hikes actually. The "General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals" might be green in color, but it is about raising money in ways that are hardly mere tweaks to the tax code. Right now, the top federal income tax rate is 37%. You don't hit that rate until (as a married couple) y...
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