President Biden's proposed tax increases may have an impact on your stock comp piggy bank gettyTax increases may be looming. If you have stock options, restricted stock units, or company shares, now’s the time to analyze whether President Biden’s proposed tax changes could impact your financial planning, whether directly or indirectly. Below is what to know about the potential impact of Biden’s tax proposals on stock compensation and company shares that you hold. Capital Gains Tax RateLong-term capital gains, such as from company stock sales, currently have a top tax rate of 20% (plus the 3.8% Medicare surtax). Doubts about what will happen are raised by experts quoted in articles from Investment News (Political Reality Seen Curbing Biden’s Tax Plan) and Politico (Tax The Rich?

Source: Forbes July 27, 2021 14:37 UTC