capital gains tax proposal reddit

News non-US Close. Our tax filings is normally just our salaries.

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Id like to sell the rest of our stock soon but am worried about the potential consequences especially since if I needed to I could sell some.

. I see that theyre saying now that anyone making over a million would see capital gains taxes go up to about 40 and then state taxes on top of that. The plan would boost the capital gains rate to 396 per cent for those earning US1 million S13 million or more. Biden Proposal Is A Pretty Cruel Tax Hike Kevin Brady President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 396 to help pay for a raft of social.

Plus a 38 surcharge that was added during Obamas term. 1831 votes and 526 comments so far on Reddit. Bloomberg cited people familiar with the proposal and said the plan would boost the capital gains rate to 396 for those earning 1 million or more 896.

Capital gains tax proposal reddit Tuesday August 16 2022 Edit.

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