Tips From the Pros: Zero Tax Trusts?

President Biden and Congressional Democrats have recently proposed a $3.5 trillion infrastructure bill that contains nearly all of Biden’s American Families Plan proposed in April 2021, plus expanded Medicare coverage for hearing, vision and dental care.¹ To pay for these programs, the President wants to raise federal income, capital gains and estate taxes in either 2021 or 2022.² Additionally, many states and localities are increasing income taxes due to high debts and