Important Event Highlights:

On Monday, September 13th, House Democrats on the Ways and Means Committee released details of their eagerly-awaited tax increase proposal. On September 15th, the Ways and Means Committee advanced the legislation in a near party-line vote of 24-19, so it now heads to the House Budget Committee. These proposals which would raise trillions of dollars from corporations, estates and gifts and high-income earners just got one step closer to becoming reality.

The best way to prepare for these pending changes is to attend our Lunch & Learn on Wednesday, October 13, 2021 at 11:00AM!

Topics we will cover include the following:

• Raising the top marginal tax rate to 39.6% starting in 2022 for individuals with taxable income of$400,000 and $450,000 for married couples
• Increases in the Long-Term Capital Gains rate to 25%
• Adding a 3-percentage-point surtax on taxpayers adjusted gross income more than $5 million
• Sunsetting the increase in the estate/gift/GST tax exemption as of December 31, 2021
• Forcing distributions from “MEGA IRAs” as well as limiting contributions once the account exceeds Threshold Amounts
• Elimination of Roth Conversions for Married Taxpayers Earning Over $450,000 a Year
• Eliminating discounts for lack of control for passive assets, with a carveout for family farms and businesses
• New limits on note sales to Grantor Trusts as well as changes to Grantor Trust taxation
• Increasing the top cap gain rate to 25%, generally effective as of 9/13/2021
• Changes to the QSBS once AGI Exceeds $400,000
• Application of the Wash Sale Rules to Crypto Currency
• Capping the 199A deduction for individuals at $400,000 and married couples at $500,000
• Raising the corporate tax rate to 26.5% from 21%
  

LOCATION:
Santa Fe Professional Building
8564 East CR 466
Suite 202
The Villages, FL 32162
Phone: 352-307-8652

Due to social distancing, seating is limited to first 15 callers. Call 352-307-8652 (24 hours) or visit www.senfinancial.com to register! Doors close promptly at 10:50AM.

(Note: Lawyers, Brokers, CPA’s or Advisors may NOT attend as space is needed for retirees.) 

The presenters, speakers and sponsors of this information are licensed, independent Insurance agents. The presenters, speakers and sponsors of this information (Invitation) as well as the information presented at the seminar is not related to, endorsed by, nor connected with and not approved by any Government agency or organization. Although the seminar is providing information of value for customers, the seminar is a solicitation for insurance products such as Medicare supplements, LTC insurance, life insurance &annuities. Investment Advisory Services offered through Bucket List Wealth Management LLC, a Registered Investment Advisor.