Biden’s Capital-Gains Tax Increases Would Hit Few Americans, Study Says

May 05, 2021

Affluent Americans are worried about President Biden’s proposed tax changes on capital gains from stocks, bonds and other assets.

Of taxpayers who filed Schedule D, the form for reporting capital gains and losses, only 2.7% had adjusted gross income of $1 million or more in 2018, according to Mr.

However, that group of taxpayers accounted for 62% of capital gains, Mr.