Biden Administration Wants To Raise Capital Gains Tax Rates in the Interest of Racial Equity
Proposal would drive the top tax rate on long-term capital gains to an eye-popping 44.6 percent, calling into question the administration’s intentions.
President Biden’s proposal to reduce the “racial wealth gap” by boosting the top marginal tax rate on long-term capital gains to an eye-popping 44.6 percent will have such a hard time passing Congress that it calls into question the administration’s true intentions in issuing the proposal.
Please check your email.
A verification code has been sent to
Didn't get a code? Click to resend.
Have an account? Log In
To continue reading, please select:
Limited Access
Enter your email to read for FREE
Get 1 FREE article
Continue with
or
Unlimited Access
Join the Sun for a PENNY A DAY
$0.01/day for 60 days
Cancel anytime
100% ad free experience
Unlimited article and commenting access
Full annual dues ($120) billed after 60 days
