The Treasury Green Book of Biden Proposed Tax Changes
Article Highlights Long-Term Capital Gains RatesTop Individual Tax RatePass-Through Income Subject to 3.8% NIIT or SECA TaxLimit Nonrecognition of Like-Kind ExchangesTransfer of Appreciated Property by Gift or DeathFamily-Owned and -Operated Businesses15-Year Fixed-Rate Payment PlanExcess Business Loss LimitationCarried InterestEnhanced Financial Account Reporting The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes [...]