Biden's 2025 Budget proposal seeks to tax capital gains at 45%, eliminate
crypto tax loopholes
Related Articles
-
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
-
How the Biden Marijuana Shift Could Impact Taxes
A pending Biden administration marijuana rule change could help some cannabis businesses lower their tax.
-
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” […]