Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
(www.atr.org)
BANK & ECON COLLAPSE 💸
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That would completely stop any investment.
Imagine to compete with other countries where the rate is 20% or less. Where would you invest?
It’s easy to transfer the funds abroad and invest somewhere else.
Once you invest:
you risk to lose all money invested,
if the tax is too high - there is not much profit to compensate that risk.
High risk + low earnings = no investment.
This decision will be killing new jobs.