capital gains tax proposal reddit
Bloomberg cited people familiar with the proposal and said the plan would boost the capital gains rate to 396 for those earning 1 million or more 896. Plus a 38 surcharge that was added during Obamas term.
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. The Biden tax increases Biden budget proposal would come at the cost of economic growth harming investment incentives at precisely the wrong time. To 489 percent up from 292 percent under current law and well-above the OECD average. Taxing capital gains at ordinary income tax rates would bring the combined top marginal rate in the US.
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