Biden's 2025 Budget proposal seeks to tax capital gains at 45%, eliminate
crypto tax loopholes
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Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate
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How to Make the Most of Your Tax Refund (Before You Blow It All)
Before you go on a spending spree with your tax refund, consider using your refund money wisely to give your finances a boost. To determine how you should prioritize your different short- and long-term financial goals, I spoke with Michael Hershfield, founder & CEO of embedded wallet Accrue Savings, to better understand how taxpayers can make the most of their refunds this year.
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Biden calls for middle-class tax hike
President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone. Now, to be fair, Biden may not have understood that’s what he’s saying. Letting the Tax Cuts and Jobs Act expire and “stay expired” […]