44.6%

Biden proposes highest-ever 44.6% capital gains tax, plus 25% tax on unrealized gains for wealthy.

The specter of taxing unrealized capital gains looms large, evoking incredulity and alarm from critics who decry its potential economic havoc. With proposals for compounding taxes annually, the notion of siphoning 25% of potential growth before it even materializes strikes fear into the heart of economic stability. Amidst assurances that such measures target the wealthy, …

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Biden proposes highest capital gains tax at 44.6% in FY2025 Budget.

Biden just proposed the highest capital gains tax in history pic.twitter.com/CuiDXbJum6 — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 24, 2024 President Biden’s Budget proposal for Fiscal Year 2025 has ignited intense debate and scrutiny, particularly regarding plans to raise capital gains rates. The proposed increase to 44.6% has drawn widespread attention, but a …

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