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As U.S. capital gains tax hike looms, wealthy look for ways to soften the blow

As U.S. capital gains tax hike looms, wealthy look for ways to soften the blow

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.Wealth advisers are counseling clients to max out their retirement accounts, park gains in tax-deferred opportunity zone funds and even sell some assets to avoid being clobbered by a potential U.S. capital gains tax hike.The White House will this week propose nearly doubling taxes on capital gains to 39.6% for people earning more than $1 million, Reuters and other media outlets reported, in what would be the highest tax rate on investment gains since the 1920s.Any changes will be...

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Svea Herbst-bayliss
Apr 26
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