![US President Joe Biden has warned that those earning over $400,000 can expect to pay more in taxes. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/7RPNKBZMBOUOXU3GQQGZLNYIU4.jpg?smart=true&auth=381b9f9325daa490a33b38aa3e2d9b782035dfef8620f6f084e8e2fade27ab05&width=400&height=225)
US President Joe Biden has warned that those earning over $400,000 can expect to pay more in taxes. AFP
US President Joe Biden has warned that those earning over $400,000 can expect to pay more in taxes. AFP
Joe Biden to 'double capital gains tax for the wealthy'
The new marginal 39.6% rate would be an increase from the current base rate of 20%