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Dividend stocks to benefit from capital gains tax proposal


For investors growing concerned that President Joe Biden will move to raise levies on investment gains, CNBC’s Jim Cramer on Tuesday offered a strategy to avoid the potentially higher tax geared toward the wealthy.

“If you’re worried about Biden’s plan to raise taxes on capital gains but not dividend income, well that’s not a reason to sell everything,” the “Mad Money” host said. “It’s a reason to buy dividend stocks.”

Biden could pitch the change, which would end the tax-favored status of capital gains for millionaires, as soon as this week. As reported, the proposal includes hiking the tax to 39.6% from 20%. The rate could hit 43.4% for the richest taxpayers.

“If the capital gains rate…


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