We know the current situation, and we know if the outcome goes one way (to Sleepy Joe & Kamel Toe), we could be seeing changes across:
- Individual Income Tax Rates Going Up To Almost 40%
- Capital Gains Rates To Over 40%
- Corporate Tax Rates To 28%
- Elimination of Step Up In Basis
- Partial Elimination of QBID
- Elimination of S/E Cap of $137,700
- Child Tax Credits
- Repatriation of Profits
- Energy Tax Incentives
- Itemized Deductions
- And who knows what else.
And you need to sit down and look at what to do in..
- 2021 – before CARES II and tax law changes
- 2021 – after CARES II and tax law changes
- 2022 and beyond
Are you ready for this? What’s your game plan if they do get Joe propped up in office? What do you think about an eventual President Harris? Comment below please.