How Will The American Jobs Plan Affect Your Taxes?

As we are starting to emerge from the global pandemic, our country is in the process of returning to “business – and politics – as usual.”

So what do citizens of the United States do? We look ahead.

With this, Democrats have begun enacting the Administration’s domestic goals as the U.S. House of Representatives approved the American Jobs Plan which will increase federal spending by about $2.2 trillion dollars over the span of 10 years.

The American Jobs Plan includes much-needed revitalization dollars for rebuilding our infrastructure, utilities, school and hospital buildings, research and development, and manufacturing.

The American Jobs Plan and its impact on taxes may lead you to wonder if it will affect yours.

Tax attorney Mary King speaks about this new spending. She says:
“The budget would increase the top individual marginal income tax rate from its current rate of 37% to 39.6%. This increased tax rate would apply to married taxpayers filing a joint return with income over $509,300 and to individuals with income over $452,700.”

There are additional changes coming that you will want to know about.

Whatever your tax question, Mary King has the answer. With more than two decades of experience in tax law, Attorney Mary King is one of the leading tax attorneys in Florida.

She will be there to help you with sound advice, and provide the knowledge and the guidance you need. Call Mary King at 941-906-7585 or visit taxlawyerflorida.com.

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