What’s Going to Happen to Your Children’s Inheritance Under Biden’s Proposed Tax Plan? 5 Proposed Tax Changes5 proposed tax changes that will have an adverse effect on real estate investors and financial planners. The US investor world is looking at President Elect Biden’s proposed tax changes with a critical eye. While some of the proposed changes are vague and don’t offer a lot of detail. Would a business that paid annual income tax, now be forced to pay estate tax on the same business?