Thoughts on acquisition or tax strategies with dnc control?
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by a searcher
from Coastal Carolina University
in Los Angeles, CA, USA
in Los Angeles, CA, USA
5yrs ago
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by an intermediary
5yrs ago
from Wake Forest University in Winston-Salem, NC, USA
from Wake Forest University in Winston-Salem, NC, USA
^redacted - thanks for the white paper and the examples therein. I think ^redacted is referring to the possible tax strategies under Biden's tax proposals (DNC = Democratic National Committee). I would also be interested in hearing thoughts on tax strategies for capital gains when income crosses the $1 million mark, which was where those were talked about increasing. Looks like Strategy #4 (Structured Sales) is a direct way address/mitigate capital gains.
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by an investor
5yrs ago
from Rensselaer Polytechnic Institute in Connecticut, USA
from Rensselaer Polytechnic Institute in Connecticut, USA
Thanks for clarifying Ron.
Keeping income below $1M is a whole other topic. Initial thoughts/strategies would be based on deferring income by having clients pay you at a later date or using the bonus depreciation rules. I think bonus depreciation has a lot of potential - but we'll have to see what the specifics are on how the "DNC" defines the $1M income (i.e. can you use offsets such as depreciation to reduce it).
Keeping income below $1M is a whole other topic. Initial thoughts/strategies would be based on deferring income by having clients pay you at a later date or using the bonus depreciation rules. I think bonus depreciation has a lot of potential - but we'll have to see what the specifics are on how the "DNC" defines the $1M income (i.e. can you use offsets such as depreciation to reduce it).
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