Biden to suggest virtually doubling capital features tax price for rich people


© Reuters. FILE PHOTO: U.S. President Biden communicate on the White Home in Washington

(Reuters) – U.S. President Joe Biden will suggest almost doubling the capital features tax price for rich people to 39.6% which, coupled with an current surtax on funding earnings, implies that federal tax charges for buyers could possibly be as excessive as 43.4%, a Bloomberg reported mentioned on Twitter on Thursday, with out citing a supply.

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