Institute on Taxation and Economic Policy

May 5, 2021

Forbes: President Biden’s Capital Gains Tax Plan

Media Mention

Share

So, what’s the problem? What could be the downside of raising the taxes on a small portion of Americans to help needy children and kids go to college? Just 0.7% of households would face a tax hike, according to the Institute on Taxation and Economic Policy, with almost the entire burden being felt by the richest 1%.