Wealthy Americans Taking Action to Protect Portfolios Ahead of Biden’s Tax Hikes – Epoch Times

A new survey published by UBS Global Wealth Management found that a significant proportion of U.S. investors with at least $1 million in assets are taking action to get ahead of the tax changes proposed by the Biden administration as “their optimism in the economy wavers due to concerns about politics, potential tax increases, national debt, and inflation.” …At the same time, UBS said that 39 percent have sought expert tax advice ahead of the potential changes, 36 percent have shifted some assets into trusts, and 34 percent have increased gifting to family and/or friends.