OverThinkMuch
Recycles dryer sheets
- Joined
- May 11, 2016
- Messages
- 313
What Biden calls "Build Back Better" has tax changes approved by the House but not by the Senate. If approved, it adds two new breakpoints:
$10 million/yr and up, add 5% "surcharge" (tax)
$25 million/yr and up, add another 3% surcharge, total of 8% above max tax rate
It's not law, but I imagine people selling their business to retire could wind up hitting it.
$10 million/yr and up, add 5% "surcharge" (tax)
$25 million/yr and up, add another 3% surcharge, total of 8% above max tax rate
It's not law, but I imagine people selling their business to retire could wind up hitting it.
