Advisers express relief at tax increases proposed in budget bill
The House Ways and Means proposal does not include taxing unrealized capital gains on inherited assets and the hike it suggests in the capital gains tax rate is not nearly as big as some feared.
Investment advisers breathed a sigh of relief — at least for now — about a congressional proposal Monday to raise taxes on the wealthy to pay for a sweeping bill that would fund Biden administration spending priorities.
The House Ways and Means Committee released the 881-page legislative text
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