Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 139.05

-0.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: the longhorn who wrote (11021)	6/4/2021 12:44:31 AM
From: Kirk ©	Read Replies (1) of 26526

On May 28, 2021, the General Explanation of the Biden Administration’s Fiscal Year 2022 Revenue Proposals under the American Families Plan and American Jobs Plan were introduced. These are proposals at this point and are not yet law. The following are the key proposals summarized on my blog: President Biden's Proposed 2021 Tax Plan Surprisingly the following were not included in the proposal at this time: Elimination of the Section 199A 20% deduction on pass through income Setting a cap on itemized deduction at 28% Reducing the estate and gift tax exemption thresholds Eliminating the $10,000 cap on the state and local tax deductions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next