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http://www.snopes.com/fact-check/biden-stepped-up-capital-gains/(permalink)
Author: snopescom
Factors
veracity
credible
language
English
Date published
2021-02-03
Entities
Capital gainThe Net (1995 film)Taxable incomeDisposable and discretionary incomeDebt reliefPolitiFactStudent debtIncome tax in the United StatesStudent loanCapital gains taxNonpartisanismSnopesABC NewsCNBCCongressional Budget OfficePresidency of Donald Trump2020 United States presidential electionBarack ObamaFacebookJoe BidenPresident of the United StatesBush tax cutsTaxation in the United StatesAdjusted basisDepreciationTertiary sector of the economy

Claims (1)

  • During the 2020 election, U.S. President Joe Biden called for eliminating the "stepped-up" basis for capital gains tax.

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