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.
- 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?
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)