President Biden’s proposal to increase the capital gains tax from 20% to 39.6% for people making over $1 million a year sounds aggressive. Add on the Net Investment Income Tax of 3.8%, and we’re talking a total long-term capital gains tax rate of 43.4%. If this new long-term capital gains tax gets approved, qualifying residents
The post A Capital Gains Tax Hike Should Alter Your Income Strategy appeared first on Financial Samurai.
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