How Biden's Capital Gains Tax hike will 'crush' the economy and what it means for your money
Joe Biden's proposed hike to capital gains tax would 'crush' the US economy, a leading expert has warned. The President has outlined plans to increase the top marginal rate on long-term capital gains and qualified dividends from 23.8 percent to 44.6 percent. Capital gains tax is paid on investments that have increased in value in the time between them being bought and sold - for example, stocks, properties or cryptocurrencies.
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