Biden is proposing a plan to raise capital gains tax on the wealthy. Specifically those that make at least $1 million per year. The long term capital gains tax would potentially increase to 39.6%. Which would nearly be double than the highest current rate of 20%. 

Throughout the episode I discussed how the increase would impact some investors with stocks and cryptocurrencies. I explain what Biden plans to do with the taxes, which will go mostly to the American Families Plan. 

This would help with funding education and assisting with his Infrastructure Plan. Lastly I provided context of how cryptocurrencies are taxed when you sell, received them as a payment, exchanged, or convert this digital currency. 

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