Tag: taxing capital gains
![A US Federal tax 1040 schedule D income tax form](https://crr.bc.edu/wp-content/uploads/2021/05/A-US-Federal-tax-1040-schedule-D-income-tax-form-1536x1024.jpeg)
Impact to gains on home sales could be mitigated by updating the exclusion. President Biden has proposed taxing capital gains like ordinary income for those with incomes over $1,000,000. In addition to paying for his agenda, this proposal will make the federal income tax fairer, by ensuring that the wealthy pay their appropriate share of…