What’s a capital gain and how is it taxed?
- Written by Stephanie Leiser, Lecturer in Public Policy, University of Michigan
A capital gain is a profit from the sale of an asset, such as a stock, that rises in value, increasing the owner's net wealth.New York Stock Exchange via AP ImagesPresident Joe Biden plans to propose doubling the tax wealthy people pay on their capital gains.
Under the plan, which he intends to present during an April 28, 2021, speech to Congress,...