How "Mean" Is the House Ways and Means Committee Tax Proposal?

On Monday, September 13, 2021, the House Ways and Means Committee released a draft of its proposed tax legislation and a summary of the major provisions. The proposed legislation, if enacted, would push higher tax rates on corporations, investors, and high-income business owners, limit several estate planning techniques (including some uses of grantor trusts and asset transfers with discounted values), and curtail perceived retirement plan abuses. A few of the provisions contained in the...
By: Chambliss, Bahner & Stophel, P.C.