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Biden to propose almost doubling capital gains tax rate for wealthy individuals - Bloomberg

EconomyApr 22, 2021 01:40PM ET
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© Reuters. FILE PHOTO: U.S. President Biden speak at the White House in Washington

(Reuters) - U.S. President Joe Biden will propose nearly 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%, a Bloomberg reported said on Twitter on Thursday, without citing a source.

Biden to propose almost doubling capital gains tax rate for wealthy individuals - Bloomberg
 

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Comments (21)
Steel Inquisitor
Steel Inquisitor Apr 22, 2021 11:28PM ET
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Only 1293 more days until we can flush this ***
peter neal
peter neal Apr 22, 2021 4:20PM ET
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They are going to completely ruin the Country and there will be no way back. That's the plan to make everyone the same and poor.
Mase Gumbo
Mase Gumbo Apr 22, 2021 4:20PM ET
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looooool
Adrian White
Adrian White Apr 22, 2021 4:20PM ET
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Sure Peter. The goal is to "ruin" their own country and make everyone poor. Do you hear how ridiculous you sound?
Henrik Lindberg
Henrik Apr 22, 2021 3:58PM ET
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Ain't he dead yet?
Jenny Le
Jenny Le Apr 22, 2021 2:40PM ET
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It has always been liberals ' objectives of taxing the wealthies first, then ordinary citizens while enacting universal income and family leave so free loaders can live off taxpayers ' pockets. Just look at the West coast, NY, and other blue states. Socialism with utopian promises is coming that will cost people big time .
Mase Gumbo
Mase Gumbo Apr 22, 2021 2:40PM ET
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socialism she says...hilarity of that joke is just too much
Jenny Le
Jenny Le Apr 22, 2021 2:36PM ET
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It has always been the liberals ' objectives : raising taxes first on the wealthies, then on the ordinary citizens, enact family pay leaves and universal incomes so tax payers subsidize and pay people who do not work. Just look at the West coast, NY, and other liberal states. Socialism is coming true that costs everyone big time.
Nelson Sunny
Nelson Sunny Apr 22, 2021 2:36PM ET
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Capitalism ******** communism rules
Tre Hsi
Tre Hsi Apr 22, 2021 2:36PM ET
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"Just look at the West coast, NY, and other liberal states."  -- yes clearly the economies of NY and Califnorina can't compare with the economic wonders like Kansas, West Virginia or Mississippi
Clinton Powell
Clinton Powell Apr 22, 2021 2:29PM ET
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Ummm didnt the first Revolt happen because of taxes from England???Me thinks there shoukd be #2
Tre Hsi
Tre Hsi Apr 22, 2021 2:29PM ET
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so you support no taxation without representation?  so you are all for Statehood for DC right?
YouTube Account
YouTube Account Apr 22, 2021 2:19PM ET
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This is how it always starts. "Let's tax the rich" they say. The when they have convinced you that we need to punish people who are wealthy, the tax is slowly rolled out to all income brackets while the rich hire accountants to find "loopholes". Anyone who supports this kind of rhetoric should not be allowed to vote.
Brian Walsh
Brian Walsh Apr 22, 2021 2:18PM ET
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hostile Marxist takeover in progress!
Gershom Zvi
Gershom Zvi Apr 22, 2021 2:09PM ET
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United Socialist America
Gershom Zvi
Gershom Zvi Apr 22, 2021 2:08PM ET
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You got it what you wanted it
Mayank Shahh
Mayank Shahh Apr 22, 2021 2:07PM ET
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More money to flow into Emerging economies ... India !!!!
Mayank Shahh
Mayank Shahh Apr 22, 2021 2:07PM ET
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More money to flow into Emerging economies ... India !!!!
SARVESH SHARMA
SARVESH SHARMA Apr 22, 2021 2:07PM ET
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still market will go down...
taylor jason
taylor jason Apr 22, 2021 1:59PM ET
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and the exodus of money out of the us begins
JM Langley
JM Langley Apr 22, 2021 1:59PM ET
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Capital gains tax affects all investors. Tax 1040d cannot distinguish personal income
Michael McDonald
Michael McDonald Apr 22, 2021 1:56PM ET
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...fear mongering.
danny Levine
danny Levine Apr 22, 2021 1:55PM ET
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yeah... rich people exodus
Philip Alexiev
Philip Alexiev Apr 22, 2021 1:54PM ET
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I am paying 10% in my country
Me comment
Me comment Apr 22, 2021 1:53PM ET
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I think all the tax increases should by targeted to people with the last name trump or any family relatives.
steve clark
steve clark Apr 22, 2021 1:53PM ET
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why trump. he made us money
Adrian White
Adrian White Apr 22, 2021 1:53PM ET
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Powell made you money, not Trump.
Paolo Lebowski
Paolo Lebowski Apr 22, 2021 1:52PM ET
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Luckly i am not wealthy
Jurgen Daub
Jurgen Daub Apr 22, 2021 1:47PM ET
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you are wealthy? i dont think i am in that cass yet, so it want affect me.
xiaochuan sun
xiaochuan sun Apr 22, 2021 1:47PM ET
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what do you mean?you will never be rich?
Joyce AI
Joyce AI Apr 22, 2021 1:46PM ET
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if truth, I'll allocate my $ to Asian stock market.
Jurgen Daub
Jurgen Daub Apr 22, 2021 1:46PM ET
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if you are in the 1 pct wealthy, this want help you. and if you are, yuo cant spent your gains anyway, may be your wife can if you have one. so pack your gains tight to fit in the grave. or may be you need to built a pyramid first to get it all in.
Me comment
Me comment Apr 22, 2021 1:46PM ET
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if your a rich US citizen allocating to Asian stocks does you no good, except having to pay foreign taxes as well.
Kasam Ketchap
Kasam Ketchap Apr 22, 2021 1:45PM ET
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This guy is not fit for this position
krish va
krish va Apr 22, 2021 1:45PM ET
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why .because the rich is going to pay more. you are not rich so don't fight their battle.
krish va
krish va Apr 22, 2021 1:45PM ET
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why .because the rich is going to pay more. you are not rich so don'tfight their battle.
xiaochuan sun
xiaochuan sun Apr 22, 2021 1:45PM ET
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