Effects of Changing Tax Policy on Commercial Real Estate

In its “American Family Plan,” the Biden administration proposes to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at the same rate wages and salaries are taxed and raise the top marginal income tax rate from 37% to 39.6% for households making $400,000 or more in income. If passed, these taxes will have significant ramifications on the US economy in general and on commercial real estate in particular. This report will examine the tax implications of various aspects of the “American Family Plan.”

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