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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 Reform

President 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%.