Guidance

RESOURCES TO HELP SHAPE YOUR FINANCIAL FUTURE

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Daniel F. Rahill, LL.M, CPA, J.D.
Managing Director
Wintrust Wealth Management

On April 28, 2021, President Biden released his American Families Plan, proposing tax hikes on people earning more than $400,000 a year, nearly doubling capital gains rates, and eliminating the “tax-free” basis step-up at death by subjecting unrealized gains to the new 43.4 percent capital gains tax. On May 28, 2021, the Department of the Treasury issued its “Green Book” which outlines the Biden Administration’s proposals, including information on effective dates not previously provided...

 

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