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.”
