Tuesday, May 25, 2021 @ 2 p.m. ET

Part 2: Tax Policy Changes and What They Mean for Portfolios

Please join us for a follow-up discussion on the future of tax policy with "Wall Street’s Tax Expert" Andrew Friedman, Founder and Principal, The Washington Update, and Sue Thompson, Head of SPDR Americas Distribution, State Street Global Advisors.

Andy and Sue will discuss a range of the Biden administration's updated tax proposals to help fund the new $1.8T American Families Plan* including:

Raising the marginal income tax rate from 37% to 39.6% for Americans who earn more than $400K a year
Establishing a 39.6% tax rate on capital gains and dividends for taxpayers earning more than $1M a year
Expanding the scope of the 3.8% surtax imposed on compensation and investment income
Eliminating Section 1031 exchange breaks for real estate investors when capital gains are greater than $500K
Reducing the estate tax exemption to $3.5M and eliminating stepped-up basis

So, how will you think about preparing your clients’ portfolios?

*Wall Street Journal, April 28, 2021, "Biden to Propose $1.8 Trillion Plan Aimed at Families, Tax Hikes for Wealthiest Americans."

SPEAKERS

Andrew Friedman
Founder and Principal, The Washington Update

According to CNBC, Andy Friedman is “one of the nation’s most sought-after speakers on all things political” and an expert on political affairs and tax law.

Andy was a senior partner with the law firm of Covington & Burling in Washington, D.C., where he practiced for almost thirty years, serving as head of the tax and corporate groups. Andy also served as tax counsel to Major League Baseball, the National Football League, the National Basketball Association, and the National Hockey League.

Sue Thompson
Head of SPDR Americas Distribution, State Street Global Advisors

Sue is responsible for developing and leading the Americas distribution strategy across all client channels. Prior to State Street, she was CEO and President at Thompson Peak Advisory and has previously worked for BlackRock and Vanguard. Throughout her career, Sue has had a significant role nurturing female talent across the industry. She is a founding member and board member of Women in ETFs.

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Exp. date: 5/31/2022