The key impact from Biden’s proposed tax changes to the wealthy appears to be a significant increase in taxation of long-term capital gains, bringing them in line with current income taxation levels. If you own Private Equity, Private Real Estate or Public Equities your projected portfolio returns will be crimped significantly and, there will be no favors for other asset classes.
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Taxes are going up for UHNW individuals. Are you and your advisor taking the right evasive action?