An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Pat Soldano’s latest article, published by Family Business Magazine, sheds light on the pressing tax issues family businesses face as the expiration of the 2017 Tax Cuts and Jobs Act (TCJA) approaches in 2025.
With the House Ways and Means Committee’s 10 Tax Teams working to preserve key provisions, including estate tax exemptions and capital gains rates, the stakes are high for family-owned enterprises.
Discover the potential impact of these changes and what lies ahead in the evolving tax landscape.
Read the full article now to stay informed and prepared!
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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