Tagcapital gains rate

Clinton Outlines Her Capital Gains Rate Hike

Magnifying Glass and TaxBy:  Amanda Wilson

Following up on my post from last week, presidential candidate Hillary Clinton has now provided more specific information on her proposed capital gains rates hike.

For high income filers (couples making at least $465,000 a year), the current 20% capital gains tax rate would not be available for investments held only for one year.  Instead, the following rates would apply:

  • 39.6% tax rate for investments held more than 1 year but less than 2 years
  • 36% tax rate for investments held more than 2 years but less than 3 years
  • 32% tax rate for investments held more than 3 years but less than 4 years
  • 28% tax rate for investments held more than 4 years but less than 5 years
  • 24% tax rate for investments held more than 5 years but less than 6 years
  • 20% tax rate for investments held 6 or more years

The existing 3.8% Medicare contribution tax would also continue to apply.

Clinton to Propose Higher Capital Gains Rates

Magnifying Glass and TaxBy:  Amanda Wilson

Hillary Clinton is expected to propose later this week a revamping of capital gains rates.  While the specifics are not yet released, Clinton’s proposal is expected to increase the current maximum capital gains rate for investments held for only two to three years.  Currently, these investments qualify for a 20% tax rate (23.8% where the Medicare contribution tax applies) as long as the taxpayer has held the investment for at least a year.

Stay tuned!

 

error

Enjoy this blog? Subscribe for the latest updates!