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How concerned investors should be about Biden’s tax proposals


US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020.Alex Edelman | AFP | Getty ImagesStocks and taxes: What’s going to happen? The Democrats’ control of Congress is shining a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds. While Biden has repeatedly said he would not raise taxes on Americans earning less than $400,000 a year, he has proposed:1) raising the marginal income tax rate from 37% to 39.6% for those making more than $400,000;2) raising corporate taxes from 21% to 28%, and a 15% minimum book tax;3) taxing long-term capital gains and qualified dividends …

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