capital gains tax proposal reddit
The Biden tax increases Biden budget proposal would come at the cost of economic growth harming investment incentives at precisely the wrong time. House Democrats proposed a top 25 federal tax rate on capital gains and dividends.
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The proposal called the billionaires minimum income tax would require that taxpayers worth more than 100 million pay a minimum of 20 on their capital gains each.
. House Democrats proposed a top federal rate of 25 on long-term capital gains according to legislation issued Monday by the House Ways and Means Committee. It would apply to single taxpayers with over 400000 of income and married.
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