IPFS News Link • TAXES: Federal
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
• American for Tax ReformPresident Biden has formally proposed the highest top capital gains tax in over 100 years.
Here is a direct quote from the Biden 2025 budget proposal: "Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent."
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.