LogFAQs > #980074532

https://www.forbes.com/newsletters/andrewleahey/2024/04/24/biden-capital-gains-rate-proposal-446/?sh=1b27bb01ff64

Taken as a whole, then, the 44.6% rate would only come to fruition under a separate proposal from the Biden administrations main capital gains rate increase, and only apply to those individuals with taxable income above $1 million and investment income above $400,000. That isnt quite as cataclysmic a policy shift as referring to a blanket 44.6% long-term capital gains rate would suggest.

The presentation of the 44.6% capital gains rate proposal is a strategic policy maneuverloudly shouting a startlingly high percentage while mutely ignoring the crucial aspect of income thresholds. The intent appears to be to play on public sentiments and concerns, more specifically the political landmine of adverse outcomes for small business owners.