According to the New York Times, tax policy used to be fairly boring and predictable. But in the past decade, it has become dynamic in a way that tax advisers don’t like: It changes with the political party in power.
Questions:
- According to the article, changes for tax advisers with the political party in power make what particular decisions difficult?
- What important tax changes are expected under the new Biden administration?
- How will the pandemic affect the timing of tax policy changes?
Source:
Krugman, P. (2021). The Estate Tax May Change Under Biden, Affecting Far More People. The New York Times, Jan. 15 (Retrievable online at https://www.nytimes.com/2021/01/15/your-money/estate-tax-biden.html?smid=tw-dealbook&smtyp=cur)