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Biden plans to nearly double the capital gains tax rate to as high as 43.4% for wealthy Americans, report says

While President Joe Biden isn't proposing an outright wealth tax, Bloomberg reports he would target the wealthiest Americans' taxes. President Joe Biden. Andrew Harnik/AP President .....»»

Category: topSource: businessinsiderApr 22nd, 2021

Dow tumbles 322 points after Biden plans to nearly double capital-gains tax for wealthy Americans

US stocks sharply reversed Thursday following a report that Biden plans to nearly double the capital gains tax rate for wealthy Americans. Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City S.....»»

Category: topSource: businessinsiderApr 22nd, 2021

Biden shocked markets this week with a proposal to nearly double the capital gains tax. Here"s what the move could mean for high-flying tech stocks, according to 5 experts.

President Biden plans to pay for his "American Families Plan" by raising capital gains taxes to as high as 43.4% for wealthy Americans. President Joe Biden AP Photo/Eva.....»»

Category: personnelSource: nytApr 24th, 2021

Dow ends more than 200 points higher as stocks bounce back from tax-inspired dip

Stocks finished with gains, but off session highs and with weekly losses for major benchmarks, bouncing a day after reports that President Joe Biden plans to nearly double the capital-gains tax rate for Americans earning mo.....»»

Category: topSource: marketwatchApr 23rd, 2021

Cryptos: Bitcoin drops below $50,000, dented in part by rising U.S. tax worries

Friday's losses come on the heels of a 300-point loss for the Dow industrials after a media report that President Joe Biden is weighing a plan to nearly double capital-gains tax on the wealthy......»»

Category: topSource: marketwatchApr 23rd, 2021

Column: Biden wants to hike the capital gains tax. The wealthy will fight him to the death

Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily.Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily......»»

Category: topSource: latimesMay 4th, 2021

A capital gains tax hike probably won"t impact the stock market, but wealthy Americans are scrambling anyway

Only 0.3% of filers would be hit by a capital gains tax rate increase, the White House says. They're panicked. Meanwhile, UBS sees no hit to stocks. .....»»

Category: topSource: businessinsiderApr 27th, 2021

These 10 companies have reaped the biggest capital gains over the past year - and Biden"s tax plan could send them tumbling, Goldman says

"High-momentum 'winners' that had delivered the largest gains to investors ahead of the rate hike have usually lagged," Goldman said. BRYAN R. SMITH/AFP via Getty Images President.....»»

Category: worldSource: nytApr 27th, 2021

White House defends plan to hike capital gains tax, saying it"ll only hit the richest 0.3%, report says

President Joe Biden is set to propose an increase in capital gains tax for the richest Americans to 39.6% from 20%, according to reports. President .....»»

Category: worldSource: nytApr 26th, 2021

"Bitcoin Fixes This": Silicon Valley Icon Slams "Job-Crushing" Biden Tax Plan, "Oppressive Government"

"Bitcoin Fixes This": Silicon Valley Icon Slams "Job-Crushing" Biden Tax Plan, "Oppressive Government" With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax.....»»

Category: blogSource: zerohedgeApr 23rd, 2021

Column: Biden wants to hike the capital gains tax. The wealthy will fight him to the death

Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily. Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily......»»

Category: topSource: latimesApr 22nd, 2021

Biden to propose nearly doubling capital gains tax for wealthy: report

President Joe Biden will propo.....»»

Category: topSource: marketwatchApr 22nd, 2021

Stocks turn lower after report Biden weighing sharp rise in capital gains tax for wealthy

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 22nd, 2021

Biden Plans Capital Gains Tax Hike To Help Finance $1.5 Trillion "Human Infrastructure" Package

Biden Plans Capital Gains Tax Hike To Help Finance $1.5 Trillion "Human Infrastructure" Package Update (1305ET): Hours after the NYT published its report about the details of Biden's "human infras.....»»

Category: dealsSource: nytApr 22nd, 2021

Economic Report: Homeownership rate jumps to 4-year high as more Americans make gains

With more Americans becoming homeowners and fewer renting, there’s hope yet for the wealth-creating opportunities offered by the homeownership track.....»»

Category: topSource: marketwatchJul 28th, 2018

Capital-gain tax rates could nearly double under a Biden proposal. How would that your investments?

Here are some of the effects for wealthy tax.....»»

Category: topSource: usatodayMay 3rd, 2021

Biden"s tax hike will hit married couples earning more than $510,000 combined, according to a report

Biden plans to increase the income-tax rate from 37% to 39.6% for families earnin.....»»

Category: topSource: businessinsiderApr 29th, 2021

Capital gains tax hikes and stock market performance

Biden's proposed 39.6% capital gains rate is stirring the pot on Wall Street......»»

Category: topSource: foxnewsApr 29th, 2021

NewsWatch: Capital gains tax hike? Why the stock market bounced back so fast

So much for a lasting tax-inspired selloff. Here's why stock-market investors were quick to put worries about a proposed jump in the capital-gains tax rate for wealthy investors behind them after Thursday's market dip......»»

Category: topSource: marketwatchApr 23rd, 2021

Dow up 227 points, S&P just shy of record

U.S. equity markets rallied Friday as investors digested strong economic data and continued to weigh the impact of President Biden’s expected proposal to hike the capital gains tax rate......»»

Category: topSource: foxnewsApr 23rd, 2021

Market Extra: Capital gains tax hike? Why stock market investors shrugged it off so fast

So much for a lasting tax-inspired selloff. Here's why stock-market investors were quick to put worries about a proposed jump in the capital-gains tax rate for wealthy investors behind them after Thursday's market dip......»»

Category: topSource: marketwatchApr 23rd, 2021