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Biden's capital gains tax hike will be retroactive to the 'date of announcement'

U.S. President Joe Biden released his administration’s Fiscal Year 2022 revenue proposals last week. One of the sticking points in the proposal is the hike in capital gains tax. The budget proposal calls for a capital gains tax rate of 39.6% on the top earners and will be applied retroactively to the “date of announcement”. […]
New York United States Tian Weinberg Joe Biden Eric Pierre Fiscal Year
Source: invezz.com

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