February Tax Issues 2021

This survey runs from February 1, 2021 to February 28, 2021.

Repeal TCJA components for high-income filers

Impose 12.4% social security payroll tax for wages above $400,000

Raise the corporate income tax to 28%.

Create a corporate minimum tax on book income.

Double the tax rate on GILTI and impose it to country-by-country.

Temporarily increase the Child Tax Credit and Dependent Credit.