AntonToo
Diamond Member
- Jun 13, 2016
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View attachment 937271
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many statesBiden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform
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 top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the...www.atr.org
President Biden has formally proposed the highest top 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 on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
Biden is guaranteeing his loss ! Thanks JOE!!! way to go!!
No you didn’t read it right, go first read up what MARGINAL tax rate is. Effective tax rate would be considerably lower unless we are talking about hundreds of millions.