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6min chapter
Raising the Capital Gains Tax, and Creating Better Simpler Strategy
After Hours
Taxing Capital Gains
Biden's proposal would raise the capital gains tax to 40% for those earning more than a million dollars. Currently it's half of what we tax normal labor income, so why do we do that preferential rate? And then maybe most importantly, cause we worry that people will save less,. and it'll be a drag on economic growth.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode