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 […]
The Biden Regime and Globalists Don’t Want You Owning Precious Metals
Look around. Things aren’t the way they should be. Between Covid, 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.
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