Impact of proposed tax increase for high earners would be marginal

Real Estate Tax Talk

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The Republicans in Congress and President Obama are in the process of fighting World War III over tax rates for upper-income taxpayers.

The president wants to raise rates on taxpayers earning more than $250,000 per year. The Republicans introduced a plan, later withdrawn, to increase rates only on those earning more than $1 million per year.