May 18, 2021

Politics & News

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Biden Eyeing Capital Gains Tax as High as 43.4% for Wealthy

1 min read

(Bloomberg) — President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, which, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, according to people familiar with the proposal.

Laura Davison
2021-04-22 13:15:28

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