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How concerned investors should be about Biden s tax proposals
How concerned investors should be about Biden s tax proposals CNBC 1/8/2021 Bob Pisani © Provided by CNBC US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Stocks and taxes: What s going to happen? The Democrats control of Congress is shining a new spotlight on Biden s tax proposals, particularly those that would affect stocks and bonds. While Biden has repeatedly said he would not raise taxes on Americans earning less than $400,000 a year, he has proposed: 1) raising the marginal income tax rate from 37% to 39.6% for those making more than $400,000; 2) raising corporate taxes from 21% to 28%, and a 15% minimum book tax;
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