Big takeaway for Build Back Better: ‘lack of change’ for wealthy Americans’ taxes

Big takeaway for Build Back Better: ‘lack of change’ for wealthy Americans’ taxes

December 9, 2021 Stephania Fleishman 0

Provisions to watchAlthough many taxpayers may have escaped sweeping changes, advisors are watching some provisions, particularly those targeting top-earning clients.For example, starting next year, high-income S corporation owners may pay a 3.8% surtax on profits, Levine said.There’s also a 5% levy for individuals with more than $10 million of income per year, and someone making…