Upcoming changes in 2021 to National debt

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Upcoming changes in 2021 to National debt

by Kevin Myeroff on Jul 23, 2020

Business

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National debt is now around 25 trillion dollars. No matter who gets elected, we are going to see some big changes in 2021.

Here are 5 things you should be aware of:
1.    Increase in tax rates
2.    Increase in social security (137,000 to 400,000)
3.    Increase or elimination of capital gain tax treatment
4.    Elimination of step up in basis
5.    A national tangible tax

Aired 7/22/2020 WTAM AM 1100

 


 

 

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