Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
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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...