Overview
Politico quoted George Callas in a April 26 article titled "Drilling Down on Cap Gains." The article focuses on the anticipated top rate on the capital gains tax. The current capital gains rate is at 20%, while Biden is pushing for as high as 43.4% for households making seven figures a year.
Callas comments on the Democrats’ proposals to raise taxes on assets passed along at death, stating, "If you can kill taxing gains at death, then you’ve also killed a cap gains rate higher than about 28."
The full article can be read at Politico.