Ben Steverman of Bloomberg News has made available for download his article, “Rich Americans Who Were Warned on Taxes Hunt for Ways Around Them,” which discusses strategies for those who intent to avoid a higher capital gains. The article begins as follows:
For wealthy Americans worried about higher taxes, the future is looking bleaker.
It’s all but inevitable that the Biden administration, as well as lawmakers at the state level, will target millionaires and billionaires for more levies. The new reality could feel harsh for investors who got used to paying a top rate of 23.8% on their capital gains, an amount they can lower further with many of the deductions, incentives and accounting tricks offered by the U.S. tax code.
To see the full article, click here: “Rich Americans Who Were Warned on Taxes Hunt for Ways Around Them”
Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.
