Post #24650 by mechinv on the US Policy board

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This is how cnbc explained it today.

As I said, he forgot to mention that the higher cap gains tax rate would only apply to income above $1 million.

Read the actual White House 2025 budget proposal I linked above.

Also, under both the Trump admin and the current Biden admin, short term cap gains are taxed at the same rate as your ordinary income tax rate. That won't change under a Harris admin.

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