August 25, 2021
Financial Planning magazine quoted Tax Principal Michael D’Addio on the lack of clarity regarding capital gains taxes under President Biden.
Financial Planning
By Lynnley Browning
Excerpt:
Michael D’Addio, a lawyer specializing in tax at accounting and business advisory firm Marcum in New Haven, Connecticut, said that if a married couple consists of one high earner and one lower earner, they could adjust their joint ownership of stock and other assets so that profits are in the name of the lower earner. That would preserve the couple’s ability to keep their capital gains tax bill low if they file separately.
