The Biden administration’s proposal to raise the tax rate on long-term capital gains to 43.4%, up from the current 23.8%, is likely accelerating 2021 hospice acquisitions as companies try to seal their deals before the hike takes effect, Hospice News reports. The Internal Revenue Service applies capital gains taxes to the proceeds generated by selling investments.
Historically, capital gains tax rates have been lower than those for income on wages and salaries. Read more.
