Biden's Budget Assumes a Massive Retroactive Capital Gains Tax

Source: https://mishtalk.com/economics/bidens-budget-assumes-a-massive-retroactive-capital-gains-tax
Published: May 28, 2021
Author: Mike Rivero
Post Date: 2021-05-28 13:08:01 by Horse
Views: 273

Biden seeks to hike the top rate on capital gains to 43.4% from 23.8% for households with income over $1 million.

He also wants to make the increase retroactive and force capital gains realization at death as w

Poster Comment:

Clinton raised income taxes retroactively to January 1st.

Post Comment   Private Reply

#1: Darkwing    To: Horse (#0)

I have a better idea, stop sending money in foreign aid, cut the US military by closing half the bases overseas.50%, that will be a start

Darkwing posted on 2021-05-28 13:39:27   Reply   Private Reply