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How Bidens Tax Plan Would Affect Investors [Video]

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Wealthy Americans are asking the same question right now: how to prepare their portfolios for what could be the highest capital-gains tax rate in decades.

Financial advisers and analysts say they have already received a flurry of phone calls and emails from clients asking about President Biden’s proposed tax plan, which would tax those making more than $1 million a year at a rate of 39.6% on profits on assets such as stocks, bonds, real estate and businesses. That is nearly double the current rate of 20%.

Many want to know what changes, if any, they should make to their investments. And others are worried about how markets will fare under a higher-tax rate environment.

“Conversations about taxes have picked up over the last two weeks,” said Marc Scudillo, managing officer of EisnerAmper Wealth Management & Corporate Benefits LLC. “This is coming much faster than people anticipated,” Mr. Scudillo added, referring to some investors’ …

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Investors

Laval police investigate after homebuyers lose millions when real estate developer goes bankrupt [Video]

After speaking to some 20 families who lost millions in deposits when local real estate developer Bel-Habitat went bankrupt last week, Laval Mayor Marc Demers is promising support.