“Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922”
April 24, 2024
“…President Biden has formally proposed the highest top capital gains tax in over 100 years… Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%…”
The power to tax is the power to destroy. America’s destruction isn’t quick enough according to Biden.