What If Biden’s Capital Gains Tax Is Retroactive?
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Stop hyperventilating.
These are just proposals.
Don’t worry just yet.
These were some of the most common refrains heard around President Biden’s proposals to raise taxes to help pay for infrastructure and social spending.
In most cases, I would agree. But this time is different. I’ll explain why and what to do about it in this column.
Some of the greatest hand-wringing came around Biden’s planned huge bump in the capital gains rate for high income taxpayers.
It is true that we don’t know what will make it into law.
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