As India Debates Inheritance Tax, US Could Be On Its Way To A Tax Shocker 

#pmmodi #capitaltax #joebiden #usmarket #inheritancetax #sampitroda
Even as the political firestorm over inheritance tax in India unfolds, Americans could be in for a nasty surprise if President Joe Biden gets another shot at the White House in the November elections. Biden's budget proposal for 2025 includes what is being called the largest capital gains tax seen in 100 years. The proposal, released last month, notes that the administration wants to increase the top marginal rate on long-term capital gains dividends up to 44.6 percent, which would make the tax rate exceed 50 percent in states like California, New Jersey, New York and others.
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