How Capital Gains Are Taxed and What Biden Wants to Do Now

Capital gains taxes are the price of making a good investment. They’re levied on profitable stock trades and real estate deals and also can apply to sales of businesses, pieces of art, collectible cars, gold and other assets. As President Joe Biden eyes ways to fund increased social spending under his forthcoming American Families Plan, nearly doubling the capital gains rate for wealthy taxpayers has emerged as a top idea.

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