How President Joe Biden's capital gains tax proposal may impact investors

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.


Connect with CNBC News Online

#CNBC
#CNBCTV

[kevinmcallister]

The key question is are the politicians who are in favor of this legislation going to be subject to their own actions? I'm guessing they're calling their tax attorneys right now finding out how to hide their money in as many tax shelters as possible. Hit the politicians too. Like N.P.

[blakeamerica]

"Oh look at that iceberg, let's aim for it"

[amaggie]

Capital gain tax rate higher than normal income tax rate: is this the start of the fall of capitalism?

[tammycaspe]

It will be good news for Asian Stock market if it happens, investors will flee the country

[lizbethfranco]

Investing in crypto is the best lucrative way of making money now

[diegosilang]

This never affects the billionaire elites, this is aimed on middle class earning 100K and below.

[Maruchiru]

That’s why Elon Musk moved to Texas from California.

[harrychu]

First time the tax in capital gains would be higher than the ordinary income tax. Why would anyone hold long to be taxed at a higher rate? This is a defacto elimination of capital gains for high earners/investors that would obviously change how assets are traded and held.

This policy seems misguided.

[belowaverageluke]

Youtubers are probably going to feel the bite as well.

Goodbye Mrbeast

[agnetubeagne]

lets get mad!!! this just isnt right! this just screws the upper middle

[thanksyoutubefortakingmyhandle]

Buy the dip. This is gonna affect everyone if they sell all stocks lowering prices overall

[ismaelbu]

Does it apply to longterm capital gains??

[rp]

Just giving more incentive for companies to ship your jobs to other countries.

[sturdythorpe]

It's all BS. The rich Democrats have high powered CPAs to work the loopholes. The poor and middle class always takes the hit.

[Protonumus]

Tax is locked in to end of financial year.

New tax policies can only be applied to the new financial year 2021 - 2022. #Bitcoin #Crypto #Tax

[sanitary]

question: lets say you net 1 million from a sell of a rental property (property you had for lets say a decade) and you're retired.

under Biden's new capital gains proposal, would you get hit with the 40 plus percent capital gains tax or will you still be under the standard 0, 15, or 20% capital gains tax rate?

I would assume you'd still be under the (0, 15, 20%) since the rates are still based on how much earned income you made per year (your yearly salary), not unearned from a sale. just want to clarify. thanks.

[banditonehundred]

We need to take care of rich people since they generate employment for poor people in China

[stanleymasterson]

Someone clarify this please. They're saying this capital gains rate proposal applies to people of a certain income level, but what if your capital gains are your ONLY income? In other words, if I have an income of zero, but live off of the sale of my investments, am I exempt from this increase?

[marycamerota]

My aunt is 94 years old, this so called government is crap.

[googlebanmetoomuch]

Well you know what states not to live in!🤣