Peter Brandt Believes Bitcoin May Suffer A Lot from Biden Presidency, Here’s Why

[Altcoin1998$]

He has shared a link to The Wall Street Journal article about Biden’s proposal to raise capital gains tax to 39 percent and, as Brandt points out, in some states even as high as 55 percent.

At the moment, the capital gains tax collects 20 percent from these profits maximum, while the top rate for wages or business profits is 37 percent.

If Biden’s proposal is approved, high-income families will see their investment planning upended and it business owners will likely have little to pass on to their children.source