Is Your Financial Plan Ready for Higher Taxes?
You can feel it in the air — tax increases are coming. And it’s not a matter of if, but a matter of when. In the last few months, there have been a number of legislative proposals targeted toward high-net worth and ultra-high-net-worth taxpayers, ranging from Sen. Bernie Sanders’s “For the 99.5% Act,” Sen. Elizabeth Warren’s “Ultra-Millionaire Tax Act” and Sen. Chris Van Hollen’s “Sensible Taxation and Equity Promotion Act.”
While each proposal focuses on a different wealth segment and type of tax, the common theme and sentiment is that higher taxes might be on the near horizon for the wealthy. If you are concerned
