This is what an RFK Jr. capital gains tax could look like
President Joe Biden recently brought taxes – capital gains taxes – into the forefront of the discussion with a budget plan that immediately proved a hot topic of discussion. The plan would entail raising the maximum capital gains tax rate to an unprecedented 44.6%. For comparison, the rate started off at 7%, rose to 12.5% with the introduction of the Revenue Act in 1921, and only briefly stood at the previous record of 40% under President Carter. Biden’s proposal also made a stir as it included another unprecedented element: an unrealized gains tax that would affect investors worth more than $100 million. Picks for you Macroeconomist predicts one final rally before ‘worst recession since 1929’ 40 mins ago Crypto.com reaches over 100 million global users 18 hours ago AI predicts Platinum price for May 31, 2024 19 hours ago How to invest 100k to make $1 million: A guide to maximizing your returns! 19 hours ago Having analyzed in res...