4 ms·
I think you're mis-stating how the capital gains rate will change, although that's the obvious interpretation based on the linked article. Based on Wikipedia (
by lasthemy1 18y ago
I think you're mis-stating how the capital gains rate will change, although that's the obvious interpretation based on the linked article.
Based on Wikipedia (which may be wrong, but at least explains it more clearly), the long-term capital gains rate will be 0% for those in the 10% income tax bracket, 10% for those in the 15% income tax bracket, and 20% for all others, meaning the discontinuity for joint filing happens around $65k.
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United...
- rm999 18y agoI think you are referring to how short term capital gains are taxed, but I am referring to long-term gains (most investors stick with long-term gains to lower their taxes). Long term gains are taxed at a flat rate. If you make N dollars in capital gains, you are taxed the same % on those N dollars. This % is determined by what tax bracket you are in, but is the same over all your gains. That was my original point: Under Obama's plan, people who enter the highest tax bracket will suddenly see all of their capital gains taxed at a higher rate.