New Bill Targets Millionaire Capital Gains

Spend five minutes on financial Twitter and you’ll see it: an entire class of people who think predicting the Fed’s next move is a personality trait.

They see one weak jobs report and start praying to Chairman Powell for a rate cut, hoping he’ll open the monetary spigots and float their portfolios to safety. It’s a fascinating, and deeply amateurish, spectacle.

Because while the mob is distracted by this sideshow, the actual rules of the game are being rewritten behind their backs.

While you were told to watch the Fed, Congress was busy. The "One Big Beautiful Bill Act," signed into law this past July, is not some vague proposal. It’s a direct shot at wealth creation, with proposals to hike the long-term capital gains tax to as high as 28% for households earning over $1 million.

Let’s be brutally clear about what this means. This isn’t just a tax increase. It’s a fundamental attack on the principle of long-term investing. It’s a penalty for having the discipline to buy and hold quality assets. The government is changing the math on what it takes to build, and keep, real wealth.

A rate cut, if it ever comes, is a temporary sugar high. A structural change to the tax code is a permanent headwind.

The question isn’t whether you can guess the Fed’s next press release. The question is whether your financial strategy can withstand a system that is actively designed to take more of your wins.

This is where the pros separate themselves from the pack. They aren't panic-selling. They are calling their CPAs. They are having serious conversations about tax-loss harvesting, asset location, and trust structures. This is no longer an optional year-end cleanup; it is a core pillar of wealth preservation.

The market might make you money. But only mastering the tax code will let you keep it. The herd will be blindsided by their next tax bill. You don’t have to be.