Biden Capital Gains Rate Proposal: 44.6%?
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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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Biden Calls For Record High 44.6% Capital Gains Tax Rate
Biden Calls For Record High 44.6% Capital Gains Tax Rate By John Kartch of Americans For Tax Reform President Biden has formally proposed the highest top 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 on long-term capital gains and qualified dividends to 44.6 percent.” Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%. Under the...
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'Absolutely out of control on taxation': Biden and IRS are RAISING capital gains rate
President Biden and the IRS just can’t get enough of taxing Americans. The president is reportedly raising the capital gains rate to what some are calling the “highest formal federal capital gains,” with a budget proposal for fiscal year 2025, increasing the capital gain to 44.6%. “Capital gains is after you’ve already paid income tax,” Pat Gray says, disturbed. “Now, you’ve invested some of what you paid tax on, and you’ve gained some more money which they’re taxing, and now they want to...