Biden tax proposal draws ire from financial advisers
The idea of hiking taxes on capital gains from the current top rate of 23.8% is viewed by some as a trial balloon to test levels of support and resistance. The top tax rate would apply to those with annual incomes of at least $1 million, which is about 500,000 American taxpayers.
A leaked proposal for a 43.4% capital gains tax on the rich has the financial planning industry expressing fresh criticism of the Biden Administration and the far-left forces seen as driving such policies.
“If you really wanted to encourage taxable transactions and economic growth you would low
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