Bloomberg Tax
Dec. 18, 2021, 1:15 PM

Tax Bills for Rich Americans in Doubt With Biden’s Plan Adrift

Laura Davison
Laura Davison
Bloomberg News

A tax year that just months ago was set to end with a frantic scramble by wealthy Americans to complete moves averting the biggest tax increases in a generation is instead concluding with a cloud of confusion.

With President Joe Biden’s signature tax-and-spending bill bogged down in wrangling among congressional Democrats and punted until next year, tax advisers are at a loss for how to guide their rich clients. That’s after they for months had counselled individuals to be ready to post more income in 2021, before the tax changes took effect. Now, the shape of the overhaul and ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.