2020 Election: A Comparison of Proposed Tax Policies from Trump and Biden

Jennifer Schmidt, Principal, Tax Services
Lindsay Ferreira, Manager

October 20, 2020
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This article was updated October 22, 2020.

Taxes often take center stage during an election year, and the coming presidential election is no different.

Following is a side-by-side comparison that shows you current tax law as well as proposed changes from President Donald Trump and Democratic nominee Joe Biden. We cover proposals for businesses, including those that operate internationally, individuals, and other tax provisions.

Businesses

Presidential comparisons table 1

International

Presidential comparisons table 2

Individuals

Presidential comparisons table 3

Other Tax Provisions

Presidential comparisons table 4

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For questions or insight on how some of these proposals might affect your business or individual finances, contact your Moss Adams professional.

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The material appearing in this communication is for informational purposes only and should not be construed as advice of any kind, including legal, accounting, tax, or investment advice. This information is not intended to create, and receipt does not constitute, a legal relationship, including, but not limited to, an accountant-client relationship. Although these materials have been prepared by professionals, the user should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Changes in tax laws or other factors could affect the information provided in this communication.

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