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3 Things to Know About the Stock Market and Biden’s Potential Capital-Gains Tax Increase
A higher capital-gains tax rate appears closer to becoming a reality. If it comes to fruition, investors should take the policy change in stride.
The Biden administration is expected to propose increasing the tax rate for the richest Americans to 39.6% from 37% and raising the capital-gains tax on people earning more than $1 million to 39.6% from 20% to pay for its American Family Plan, according to reports. The plan, which has not yet been finalized and could be unveiled next week, will deploy more than $1 trillion to fund…
