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Dollar Flat Ahead of Key US Inflation Report, Euro Dips financialit.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialit.net Daily Mail and Mail on Sunday newspapers.
Inflation has been the talk of town this past week and stands to be a dominant theme going forward. Nasdaq and Bitcoin extend their slides and are two trending markets on FinTwit worth watching. ....
Biden Eyeing Capital Gains Tax as High as 43.4% for Wealthy The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%. Laura Davison and Allyson Versprille | Apr 22, 2021
(Bloomberg) 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. The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public. A 3.8% tax on investment income that funds Obamacare would be kept in place, pushing the tax rate on returns on financial assets higher than the top rate on wage and salary income, they said. ....
Biden to propose nearly doubling capital gains tax for the rich aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.