Birdwatch Archive

Birdwatch Note

2024-04-30 16:47:39 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The proposed 25% tax on unrealized gains only applies to individuals with wealth greater than $100 million. The 44.6% capital gains rate would only apply to individuals with both (1) annual income greater than $1 million and (2) annual investment income greater than $400k. https://taxfoundation.org/research/all/federal/biden-budget-2025-tax-proposals/ https://www.brightonsecurities.com/blog/biden-capital-gains-proposal-of-446-what-you-need-to-know

Written by D87779B84B493D06F16C989576CF362B2F2C9E872E31A3611E169759D940E823
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• noteAuthorParticipantId - D87779B84B493D06F16C989576CF362B2F2C9E872E31A3611E169759D940E823
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The proposed 25% tax on unrealized gains only applies to individuals with wealth greater than $100 million. The 44.6% capital gains rate would only apply to individuals with both (1) annual income greater than $1 million and (2) annual investment income greater than $400k. https://taxfoundation.org/research/all/federal/biden-budget-2025-tax-proposals/ https://www.brightonsecurities.com/blog/biden-capital-gains-proposal-of-446-what-you-need-to-know