The Millionaires Tax and Tax Planning
Harry S. Margolis
Planning steps to mitigate the new millionaires tax in Massachusetts include spreading out income, 1031 exchange and moving out-of-state.
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Planning steps to mitigate the new millionaires tax in Massachusetts include spreading out income, 1031 exchange and moving out-of-state.
A true calculation of how capital gains are calculated shows that the Fair Share Amendment would result in extra taxes for very few sellers of homes in Massachusetts.
While it can make sense for a will to direct that all estate property be sold and the proceeds distributed, it can also result in higher capital gains taxes for the beneficiaries.
Biden tax proposals – increase personal & corporate income tax rates, lower federal estate tax exemption. Margolis & Bloom, Wellesley and Boston, MA, 02481
Harry Margolis argues against Biden Administration proposal to eliminate the step-up in basis upon death. Margolis & Bloom, Wellesley and Boston, MA, 02481
Life can seem complicated upon retirement. For tax planning, it’s best not to fret the small stuff. Margolis & Bloom, Wellesley and Boston, MA, 02481.
Trump’s likely initiatives in Medicare, Medicaid, Social Security and estate taxes
Surviving spouses should file federal estate tax returns to make portability and QTIP elections in MA. Margolis & Bloom, Wellesley, MA, 781-705-6400.
Bypass trusts, aka A/B trusts, can create problems for surviving spouses, but they can also be beneficial. Margolis & Bloom, Wellesley, MA, 781-705-6400
The rules around capital gains taxes, including tax rates, basis, and step-up in basis.
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Margolis Bloom & D’Agostino
100 William Street, Suite 220
Wellesley, MA 02481
781-705-6400
Boston: 617-267-9700
Norwood: 781-769-3110
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Join us at 12pm EST on Thursday, April 13th for a live town hall with financial advisor, Nora Yousif and our partner, Patrica C. D’Agostino, as they
