This is not a new idea but Joe Biden is trotting it out again. Currently the capital gains tax is around 20%. That means if you sell a house, for instance, and pocket the profits, the government will take 20% of the proceeds. Under Joe Biden's plan he wants to double taking money that you've earned. It is exactly what the left wants to do, even for ordinary people like us. Not billionaires, everybody. Hold on to your wallet because Joe Biden wants to get in it.
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