capital gains tax proposal reddit

With this new plan that rate will increase to a whopping 396--nearly. Im wondering if theres any chance this will affect the 2021 tax year.

How Does The Capital Gains Tax Work Now And What Are Some Proposed Reforms

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. Get Access to the. The Biden tax increases Biden budget proposal would come at the cost of economic growth harming investment incentives at precisely the wrong time. Our tax filings is normally just our salaries.

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. Press question mark to learn the rest of the keyboard shortcuts.

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