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Study: Democrats' capital gains tax hike could cost more than 745,000 jobs | National News

Study: Democrats' capital gains tax hike could cost more than 745,000 jobs | National News
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Study: Democrats' capital gains tax hike could cost more than 745,000 jobs | National

Study: Democrats' capital gains tax hike could cost more than 745,000 jobs | National
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Democrat Proposal to Change Death Taxes Could Destroy 745,000 Jobs: Study

Democrat Proposal to Change Death Taxes Could Destroy 745,000 Jobs: Study
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Joe Biden Tax Rule Would Rip Billions From Big Fortunes At Death

The Amazon.com Inc. founder s heirs may have to pay more than $36 billion.
Jeff Bezos has an ex-wife, a girlfriend, four children and billions of reasons to watch whether Joe Biden s tax overhaul wins congressional approval.
The Amazon.com Inc. founder s heirs may have to pay more than $36 billion if the president succeeds in closing a loophole that helps the rich transfer much of their fortunes tax-free at death.
Under current rules, whoever inherits the Amazon shares Bezos bought in 1994 for $10,000, worth $180 billion today, will receive a so-called step-up in basis, wiping out any capital gains tax liability. Biden s plan would close that loophole and apply the top capital gains tax immediately when assets transfer to wealthy heirs. If the rate increases it s 20% for holdings like Bezos s, and Biden has called for boosting it to 39.6% the eventual tax bill would too. ....

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Jeff Bezos heirs would pay over $36B after Amazon founder's death if Biden tax plan succeeds

Jeff Bezos heirs would pay over $36B after Amazon founder's death if Biden tax plan succeeds
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