What the capital gains tax hike means to you
The announcement came on ‘Earth day’ in April, that the Biden administration will make good on their campaign promise of increasing taxes on rich people. I’ve done complete podcast episodes on his proposed fiscal policy when President Biden was running for office, and it is bittersweet that I write this article within 1 week of releasing a podcast episode entitled ‘Don’t be rich’. Well it seems that the day has come and soon we will know the full details of the capital gains tax hike. Let’s talk about what this means for the unconstrained and those seeking financial sustainability.