The combined state and federal capital gains tax rate in California would increase from the current 37.1% to 56.7% under President Biden’s American Families Plan, according to a new study from the Tax Foundation.
The increase – which would include federal, state and local taxes on financial gains from the sale of assets in California represented the highest levy among the 50 states, the foundation analysis also shows.
Nationwide, the combined average capital gains tax rate would be roughly 48.4% under the Democrat president’s proposal, with the top federal tax rate increasing to 43.4%, according to the report. That compares […]
Read the rest of this story here: justthenews.com
The Biden Regime and Globalists Don’t Want You Owning Precious Metals
Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.
Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
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