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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous][quote=Anonymous]Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - ENJOY.[/quote] One of the big features of Saint Ronnie's tax reform in 1986 was the equalization of income tax and capital gains tax rates. I do agree carryover basis is unworkable. They did this for one year in 2010 with the (temporary) repeal of the estate tax and it caused a lot of ... weird things. Like this: https://lawprofessors.typepad.com/trusts_estates_prof/2011/01/billionaire-dies-48-hours-before-estate-tax-is-reinstated.html Which wasn't suspicious at all. [/quote]
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