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Tax hikes are probably on the horizon as President Joe Biden’s infrastructure package begins its slow march to becoming law.

Of course, not every provision may end up in the final package. But it is pretty likely, according to Morgan Stanley researchers, that tax filers making over $400,000 will see an increase in their income tax rate, and that the capital gains rate — which taxes assets like stocks — will go up from its currently favorably low rate.

The top 1% of Americans would take on essentially all of the tax burden in Biden’s details ⇒

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