Published 09/09/2024 11:01:31 p.m.

Online Posts Misrepresent Biden's Proposed Tax on Unrealized Capital Gains

Summary by Fact Check

Este artículo estará disponible en español en El Tiempo Latino. Quick Take Social media posts have misrepresented a tax proposed in President Joe Biden’s fiscal year 2025 budget. The 25% tax on unrealized capital gains would apply only to those who have a net worth of more than $100 million, not to all taxpayers as the online posts misleadingly claim. Full Story President Joe Biden’s budget proposal for fiscal year 2025 calls for collecting tax…

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Online Posts Misrepresent Biden's Proposed Tax on Unrealized Capital Gains

Este artículo estará disponible en español en El Tiempo Latino. Quick Take Social media posts have misrepresented a tax proposed in President Joe Biden’s fiscal year 2025 budget. The 25% tax on unrealized capital gains would apply only to those who have a net worth of more than $100 million, not to all taxpayers as the online posts misleadingly claim. Full Story President Joe Biden’s budget proposal for fiscal year 2025 calls for collecting tax…

09/09/2024 11:01:31 p.m.

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