Balanced Reporting. Trusted Insights. Monday, October 18, 2021

Items Tagged with 'tax'

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Joe Biden

Biden wants new taxes on inherited assets, promises to shield farms

President Joe Biden wants to impose capital gains taxes on inherited assets, with promised protections for farms and other family-owned businesses that continue in operation. The change would help pay for a $1.8 trillion package of social benefits, including expanded child nutrition assistance, health insurance subsidies and free community college.
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Farm

Business rules seen raising some farm tax bills

WASHINGTON, Nov. 3, 2017 - The House GOP tax bill’s new rules for partnerships and other “pass-through” small businesses, together with new requirements for paying self-employment taxes, could significantly offset some of the legislation’s benefit to farms, experts say.
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