The New CS Board

[jumanji0881]

Stocks Puke As Biden's Capital Gains Tax Reality Strikes : https://www.zerohedge.com/markets/stocks-puke-bidens-capital-gains-tax-reality-strikes

My Comment : WA state just passed a 7% capital gains tax. That would equate to a 47% capital gains rate. Add in Income taxes, sales taxes, and RE taxes. Does the government want to take everything you've got ?

Excerpt:
As Bloomberg reports, President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, which, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, according to people familiar with the proposal.

For New Yorkers, the combined state and federal capital gains rate could be as high as 52.22%. For Californians, it could be 56.7%