President-elect Joe Biden’s policies and tax plans are becoming increasingly more relevant as his time in office begins. When it comes to the real estate industry or investing in general, it’s important to pay attention to policies that will affect you as a business owner so you can make the necessary adjustments. The Biden plan was published as a component of the platform for the Democratic Party.
In order for this plan to become a reality, it still needs to pass Congress and most likely will have extensive amendments. Read this breakdown of the eight main components of Biden’s tax plan and an explanation of how they might affect entrepreneurs and business owners.
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