Auto Added by WPeMatico

Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets

The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current capital gains tax rate from 20% to 39.6%, and for some investors, the tax rate could be as high as 43.4%. Biden’s Capital Gains Tax Rate on Wealthy Individuals Could Climb as High as 43.4% Fresh off the heels of proposing new stimulus in order to bolster the American economy, President Joe Biden is…

Continue Reading Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets

End of content

No more pages to load