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Biden's Capital Gains Tax: Heads, We Win; Tails, You Lose

Photo by: RealClearPolitics

There will always be munis. Income from municipal bonds typically enjoys tax-free status at the federal level and in the issuing state. Conversely, when investors put wealth to work in a startup, private corporation, or public company, they face a capital gains tax penalty if their investment bears fruit. If a home run, that penalty becomes enormous.

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