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Bidens massive Capital gains tax grab
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04-25-2024, 11:40 AM
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- freeheeler
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- freeheeler
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Bidens massive Capital gains tax grab
https://www.dailymail.co.uk/news/art...100-years.html
Biden proposes the biggest capital gains tax in 100 YEARS as he continues his raid on the rich with huge hikes
Biden's 2025 budget includes the highest capital gains tax rate in U.S. history
The 44.6 percent rate is stunning those who say it will disincentivize investment
The proposal, released last month, notes that the administration wants to increase the top marginal rate on long-term capital gains dividends up to 44.6 percent, which would make the tax rate exceed 50 percent in states like California, New Jersey, New York and others.
Biden's 2025 budget includes the highest capital gains tax rate in U.S. history
The 44.6 percent rate is stunning those who say it will disincentivize investment
The proposal, released last month, notes that the administration wants to increase the top marginal rate on long-term capital gains dividends up to 44.6 percent, which would make the tax rate exceed 50 percent in states like California, New Jersey, New York and others.
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