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I'm assuming it's increasing the long term capital gains tax rate. According to http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States http://en.wi
by cynest 15y ago
I'm assuming it's increasing the long term capital gains tax rate. According to http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United..., the short term rate is as arjunnarayan suggested, barring any differences in exemptions between capital gains and income tax rates.
- radog 15y agoIt's also an issue of timing and deferral. Because one can offset short-term capital gains with capital losses, and individuals generally have absolute control over realization of capital gains, the effective rate on capital gains can effectively be zero or near-zero given sufficient liquidity, despite a statutory rate equal to the ordinary income rate.