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Bracing for Major Disruptions

Policy proposals for income and transfer tax systems and their effects on charitable giving.

The tumultuous Democrat primary for president yielded a consensus about both the candidate and the overall direction of federal tax policy. Here’s an overview of Vice President Joe Biden’s broad policy proposals for the income and transfer tax systems and some suggested strategies to cope with them. Many of the proposals will impact the decision of when to make charitable contributions. The ability of Congress to impose retroactive tax increases should prompt clients to act now rather than

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TAGS: Philanthropy
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