Taxes are probably going up. What should you do?
It’s safe to assume that taxes are likely to go higher, especially for wealthier taxpayers, in the coming years. Former Vice President Joe Biden has proposed a series of tax hikes, and although a re-elected President Trump would likely seek to cut tax rates further, this looks like an uphill battle, especially with fiscal deficits that are ballooning due to the COVID-19 crisis.
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