Wealth tax bill to pass in the US Congress by the end of Joe Biden’s term?
Market Rules
Joe Biden released a plan in 2019 to raise 3.2 trillion USD in taxes to pay for his domestic politics proposals, which involves imposing a tax on unrealized capital gains at death, as well as levying the estate tax for wealthy taxpayers.
If some type of wealth tax, levied on the value of held assets, passes in Congress by January 20th, 2025, this market will be resolved as “Yes”.