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How concerned investors should be about Biden’s tax proposals

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US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020.

Alex Edelman | AFP | Getty Images

Stocks and taxes: what’s going to happen? 

The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds. 

While Biden has repeatedly said he would not raise taxes on Americans earning less than $400,000 a year, he has proposed:

1) raising the marginal income tax rate from 37% to 39.6% for those making more than $400,000;

2) raising the corporate tax from 21% to 28%, and a 15% minimum book tax;

3) taxing long-term capital gains and qualified dividends at the…



Source cnbc.com

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