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Biden’s Capital Gains Hike Could Sweeten This Trump Tax Break

  • ‘Opportunity zone’ incentives would be all the more valuable
  • Yet uncertainty over his plan and rules is chilling investment
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Minerd: Taking Capital Gains Incentives Away Is 'Insanity'

President Joe Biden’s plan to raise the capital gains tax rate could make one of the most generous breaks enacted by Donald Trump even more lucrative -- if investors can stomach the uncertainty.

The prospect of boosting the rate on capital gains to 39.6% for those making more than $1 million, as well as other changes, is setting off a scramble by the wealthy to figure out how to keep their tax obligations in check. That could lead some to a controversial perk for investing in the nation’s roughly 8,700 “opportunity zones.”