• Restore a kinky income tax surcharge that goes by the name Pease. • Increase the corporate tax rate from 21% to 28% and make it harder for multinationals to duck the tax by parking profits offshore. Better to have that earned income hit this year than when it will be subject to the Biden payroll tax. Pay particular attention to the state tax liability. Also, Lucina notes, the income tax payment shrinks your estate by $250,000, reducing estate tax.

Source: Forbes August 23, 2020 09:56 UTC