Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025...
Nice. When the stock market crashes... and everyone rushes to bail out of stocks... they face at least a 44.6% Capital Gains tax.
While Biden is at it... due to the Covid Vax deaths.... why not pass a 70% inheritance tax too?
If the market crashes there won’t be profits to tax. This is to trigger the sell off that causes the crash. Basically popping all the investment bubbles at once.
We will probably see a blow off top right before it happens so wall street can dump at all time highs