So the Biden tax proposal is to effectively double capital gains taxes on investors maxing more than $1M

1. If your receive a paycheck over $1M you are already paying over 40% in taxes. So no big deal. Now you pay the same rate in your investments. $TSLA
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2. If your only source of income is capital gains, then now you pay your fair share. Effectively removing the passive investor living off of a 25%!tax rate. Think hedge funds, Billionaire stock holders etc.

Funny. The rich will find a way around it. Take a loan against stock holding and pay no taxes.