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The American Families Plan: 2021 Tax Reform  


Author:  Jeffrey H. Paravano.


Source: Volume 38, Number 04, Summer 2021 , pp.3-13(11)




Journal of Taxation of Investments

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Abstract: 

The tax changes expected to be enacted this year, including those proposed under the American Families Plan and the American Jobs Plan, will be substantial and far reaching—including increases in corporate, individual, and capital gains tax rates, as well as changes to international and estate and gift taxation. While the final details of what will be enacted remains unknown, taxpayers and their advisors may achieve significant tax savings by acting now to take advantage of current tax provisions and rates applying to their business plans, transaction pipelines, restructurings, operational affairs, and estate plans.

Keywords: American Families Plan; corporate tax rate; capital gains; dividend tax; carried interest; like-kind exchanges; income tax rate; estate and gift taxes; retirement plans

Affiliations:  1: BakerHostetler.

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