April 27, 2021

Bloomberg quoted Tax Partner John Mezzanotte for an article about tax benefits that may close to the highest net worth Americans.

Bloomberg

By Ben Steverman

Bloomberg quoted Tax Partner John Mezzanotte for an article about tax benefits that may close to the highest net worth Americans. Family Wealth Services

Excerpt:

Current rules basically create two kinds of wealthy taxpayers, according to John Mezzanotte, a CPA and managing partner of Marcum’s office in Greenwich, Connecticut… Biden is planning a dramatic hike to the capital-gains rate, bringing it to the ordinary income tax levels for those earning $1 million or more. That may simply discourage the wealthy from ever selling their winning investments, although the president and other Democrats have floated various proposals that make capital-gains taxes harder to avoid.

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