Biden Set to Propose Capital Gains Tax of 39.6%
- April 23, 2021
- Posted by: Hansen_Sweeney
- Categories: News, Tax
Biden set to propose capital gains tax of 39.6%…multiple US news outlets report.
- Biden will seek to raise taxes on millionaire investors to fund education and other spending priorities as part of an effort to overhaul the U.S. economy.
- Biden will seek an increase in the tax on capital gains to 39.6% for those Americans earning more than $1 million, according to reports.
- Reports said the president is expected to release the proposal formally next week as a way to fund spending in the upcoming American Families Plan.
More details to follow.