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Biden Administration Proposes Big Tax Increases on Wealthy
Debt ceiling issues have taken center stage recently, but advisors should also keep an eye on proposed tax increases in the Biden administration's fiscal year 2024 budget. High-income individuals and large corporations may be affected by these adjustments, as discussed in an article written by Greensfelder Officer Keith Grissom for Rethinking65.
In the article, titled “Biden Administration Proposes Big Tax Increases on Wealthy,” Grissom covers important highlights from the proposal that could affect individual taxes, retirement planning, and trust and estate and gift-tax planning.
Read the full article here.
Tags: estate planning, estate tax