Biden to propose almost doubling capital gains tax rate for wealthy individuals - Bloomberg

  • 4/22/2021
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U.S. President Joe Biden will propose nearly 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%, a Bloomberg reported said on Twitter on Thursday, without citing a source.

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