/Bull Markets for Cryptocurrencies Expected: TRON Founder – Yahoo Finance

Bull Markets for Cryptocurrencies Expected: TRON Founder – Yahoo Finance


MarketWatch

Financial advisers say Biden’s retroactive capital-gains tax hike gives them wiggle room

For millionaires rushing to take advantage of lower capital-gains tax rates, the Biden administration’s budget proposal says they’ve already missed the boat. On Friday, the Treasury Department’s detailed explanations of President Biden’s $6 trillion budget confirmed the administration is seeking a retroactive effective date on a capital-gains tax rate hike from 20% to 39.6% for the sliver of households making at least $1 million. “This proposal would be effective for gains required to be recognized after the date of announcement,” according to Treasury Department materials released Friday afternoon.

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