capital gains tax proposal reddit
84 votes 49 comments. Our tax filings is normally just our salaries.
Proposal to tax Capital Gains at 150 the rate of regular income rejected by Swiss Voters.
. The Biden tax increases Biden budget proposal would come at the cost of economic growth harming investment incentives at precisely the wrong time. Biden recently announced they are proposing raising the capital gains to 396 to those who make over 1 million. With this new plan that rate will increase to a whopping 396--nearly.
As it stands right now those in the high-income tax rate currently see only a 20 capital gains tax on certain assets. I see that theyre saying now that anyone making over a million would see capital gains taxes go up to about 40 and then state taxes on top of that. If your taxable income is less than 80000 some or all of your net gain may even be.
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