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The Conversation USA

What’s a capital gain and how is it taxed?

  • Written by Stephanie Leiser, Lecturer in Public Policy, University of Michigan
imagePresident Biden said he wants to raise capital gains taxes to help pay for his ambitious proposals. AP Photo/Andrew Harnik

President Joe Biden proposed doubling the tax wealthy people pay on their capital gains.

Under the plan, which he presented during an April 28, 2021, speech to Congress, the tax rate on profits from the sale of an asset such as...

Read more: What’s a capital gain and how is it taxed?

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