Biden Capital Gain Tax Plan

by a searcher from New York University

2 years ago

Wondering if folks have seen any materials summarizing the current Biden administration's proposed capital gains tax on $1M+ earnings. 

Trying to see how material the impact may be for potential sellers. I would think this is a heavy incentive for small business owners to liquidate their assets now vs. later.

Thank you! Most of all wanted to get a discussion going on how folks are thinking through this.

2 likes
128 views
6 comments

professional from University of Illinois at Chicago

Thanks Scott. We don’t know at the moment what the tax rates are for transactions closed since April 28. We understand this is a tough position to be in and negotiating without knowing. I’m working through the issue with clients as I write this. I’ve done a white paper that includes the Biden proposals, and will get you the final legislation as soon as we have it. Please contact me at --@----.com Regards, Bill

2 years ago | like reply | 0 likes

searcher from Boston University

Thanks for the helpful resources

2 years ago | like reply | 0 likes

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