Trump's proposed capital gains tax rate

Jul 3 20The Trump administration is considering a plan that would cut federal taxes on investment income, a change that independent analysts say would overwhelmingly benefit the wealthiest Americans. For example, under current law, corporate stock with dividends held for a decade would be subject to a tax rate of 2 percent. Such a change would cut tax bills for investors selling real estate or stock by adjusting the original purchase price for inflation.

Trump rules out for now cutting capital-gains taxes Jul 3 20That amount, taxed at the top capital gains rate of 2 percent, would result in a tax bill of 4600. However, if the 200gain was trimmed to just 100by adjusting for inflation over the past years, the tax bill would be 2514. Revenues from the tax on capital gains are categorized as part of individual income tax revenues, but they generally account for a modest portion of such collections. An analysis earlier this year by the Penn Wharton Budget Model found the proposed cut would reduce tax revenue by more than 1billion over years. How Much Does the Government Receive From Capital Gains Taxes?

In 201 taxes from capital gains constituted about percent of individual income tax revenues, totaling 1billion or percent of gross domestic product (GDP). The Trump administrations latest proposed tax cut would.

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Donald Trump Capital Gains Tax Real Estate Tax Break

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The Trump administrations latest proposed tax cut would

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