Tag: federal income tax
It would be good fiscal policy and, I bet, good politics. Here’s the plan. The President has linked two budget items, and that may be a good idea. He wants to extend his 2017 Tax Cuts and Jobs Act and provide some other tax breaks, and we need to fix Social Security. The link between…
Impact to gains on home sales could be mitigated by updating the exclusion. President Biden has proposed taxing capital gains like ordinary income for those with incomes over $1,000,000. In addition to paying for his agenda, this proposal will make the federal income tax fairer, by ensuring that the wealthy pay their appropriate share of…
