Recent tax proposals by the Biden administration could mean higher taxes occuring in late 2021/2022 for business owners who sell their companies. Under the Biden Tax Plan, the long-term capital gains rate on amounts in excess of $1.0 million is expected to increase from 20% to 39.6%.

Kenichi Uchikura
President / CEO
Pacific Software Publishing, Inc.
ken.uchikura＠pspinc.com

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Practical advisory grounded in Japanese wisdom

Recent tax proposals by the Biden administration could mean higher taxes occuring in late 2021/2022 for business owners who sell their companies. Under the Biden Tax Plan, the long-term capital gains rate on amounts in excess of $1.0 million is expected to increase from 20% to 39.6%.