The election is less than a week away, and Former Vice President Biden’s ambitious tax plan could reverse many of the changes enacted into law with the TCJA and may go even farther.  One proposed change would increase the tax rate on long-term capital gains and qualified dividends from 20.0% to 39.6% for individuals with income above $1 million.  Selling shareholders seek more of the particulars to understand the impact of this proposed tax law to their personal situations.  Further, Biden’s proposal may catalyze the M&A market to accelerate deals into Q4 2020, especially if Biden wins the election.  Finally, structuring an exit as a sale to an ESOP (as opposed to a traditional M&A transaction) may mitigate some or all of a potential capital gains tax hike.  See full article for the details at:  https://www.marcumllp.com/insights/understanding-how-senator-bidens-tax-plan-may-impact-ma-markets or for more information, please drop us a line at patrice.radogna@marcumllp.com.