Tax loopholes articles
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Biden's 2025 Budget proposal seeks to tax capital gains at 45%, eliminate crypto tax loopholes
The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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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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Property taxes collected
Madera County Treasurer-Tax Collector Tracy Kenney announced that more than $70 million in property tax payments were collected and posted within the last 10 days of the April 10 deadline. “This fiscal year, we have processed more than 130,000 installments, collecting more than $250 million in current secured and supplemental taxes,” Kennedy said. Kennedy is also pleased to report that all payments were posted and balanced by April 12. The revenue from property taxes are used for funding local...