Biden Victory Makes Many Rich Investors More Concerned - This Is The Reason!

 Americans are reportedly starting to change their property plans before the end of the year for fear of Joe Biden winning the U.S. presidential election where he plans to raise taxes.

The biggest concern was the Democrat victory that gave Biden the ability to propose and approve tax reforms.

Democrats have previously stated that they want to raise property taxes as before. This will result in a tax exemption to $ 5.49 million. Previously, Trump's policy had given an advantage to the wealthy where the tax bill signed included benefits for American companies and the rich in 2017.

According to financial firms, the wealthy have begun reviewing their investments and property plans in anticipation that Biden will return the property tax set to 2009.

If Trump's policy focuses more on the wealthy, Biden will focus more on middle-class economic development.