The White House and Treasury today released the Fiscal Year 2022
Federal Budget and the Treasury Green Book, which include new details
regarding the Biden administration’s American Families Plan and
proposed 2021 tax changes – including a proposed retroactive
capital gains tax increase to 37 percent to the extent household
adjusted gross income exceeds $1 million. The tax changes expected
to be enacted this year could be substantial and far-reaching and
include corporate, individual and capital gains tax rate increases;
international tax changes;
Biden Budget And Treasury Green Book Add Details To Expected Far-Reaching 2021 Tax Changes – Tax
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