Biden’s Long-Term Capital Gains Tax Increase Will Spur Selling
The good news (drooling sarcasm) just keeps coming out of the Biden Administration. The Administration wishes to increase the long-term capital gains tax from approximately 29% under current law to approximately 48%. TaxFoundation.org does a fine job of detailing this tax grab. Learn more by reading their article HERE. Count this looming tax increase as another reason to take profits on expensive Technology stock positions. If you missed our article on forthcoming corporate tax increases you may read it HERE.