1 result for tag: Capital Gains Tax Rates –


U.S. Democratic Presidential Nominee Tax Proposals

On August 20, former United States Vice President Joe Biden formally accepted the Democratic nomination for US President.  However, questions about Biden’s tax proposals, such as when and how fast he would push for tax hikes, remain to be clarified heading into the fall campaign. Complicating matters, the US has recently spent trillions of dollars in response to the consequences resulting from the coronavirus pandemic, and the US is likely to spend trillions more.  Someone has to bear the cost of all this spending and increased taxes appear to be the answer. Biden’s proposed tax plan has two major components: higher taxes on both high-i...