Wednesday, March 24, 2021
White House eyes major tax plans to fund infrastructure and jobs package - The Washington Post
... There would be two parts to the higher taxes on investors. Biden's plan would tax gains on capital income — such as stocks and dividends — as normal income for those earning more than $1 million. Currently, the maximum tax on capital gains is slightly more than 20 percent, far below the nearly 40 percent top rate Biden is seeking. The plan is also likely to include a Biden campaign pledge to increase taxes on assets passed down to heirs, the officials said...
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