Alan Clopine, CEO & CFO of Pure Financial Advisors Breaks down the complexity of taxes in bite-size chunks on Tax Time.
House Ways & Means Committee Tax Proposals – 9/13/2021
Top Individual Tax Rate:
- Current: 37% (Taxable Income $523,600 Single; $628,300 Married)
- Proposed: 39.6%* (Taxable Income $400,000 Single; $450,000 Married)
- Additional taxes could result from a 3.8% Net Investment Income Tax and a 3% surtax income over $5,000,000
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