Joe Biden wants to increase the top capital gains rate to 44.6%. China has very low capital gains , so who do you think will get the world’s business?
Let’s not forget there are state taxes, real estate taxes and fees on everything. The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
The Daily Mail noted that there are 11 states where Americans will face at least 50% capital gain tax under this plan. If the Biden plan passes, for the taxpayers caught by the new rule, here are the combined state and federal rates taxpayers might pay on their capital gains:
> California: 57.9% New York: 55.5% New Jersey: 55.5% Minnesota: 55.45% Oregon: 54.5% Maine: 51.75% Nebraska: 50.44% Idaho: 50.4% Iowa: 50.3% Kansas: 50.3% Georgia: 50.09% No matter how much you make, if you own anything, you will pay half to […]
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Author: Independent Sentinel
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