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Adjustments to Capital Gains Tax Rates. Project 2025 also proposes reducing capital gains taxes from their current 20% level to 15%. This would have a disproportionate benefit for the wealthiest ...
The carried interest deduction allows investment managers to pay a lower capital gains tax rate on the income they receive from their work as compensation. ... with many capital gains subject to ...
Vice President Kamala Harris. Restoring top-line tax rate to 39.6% (currently 37%); Increasing long-term capital gains taxes to 28% from 20% for Americans who make more than $1 million a year;
While Trump has called for full TCJA extensions, Project 2025 proposes a “simple two-rate individual tax system” of a flat 15% and 30%. The latter would kick in around the Social Security wage ...
Signed into law Dec. 22, 2017, the Tax Cuts and Jobs Act (TCJA) -- informally known as the Trump tax cuts -- contained a number of changes to individual tax rates that are set to expire after 2025....
Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of former President Trump’s Tax Cuts and Jobs Act ...
John McEntee, Trump's former aide, and senior advisor for Project 2025 said the project was doing valuable work in anticipation for Trump's second term. [93] [94] Christopher Miller, who served as secretary of defense during the final month of Trump's first term, wrote the Mandate's chapter on the Department of Defense. [95]: 91 [96]
Washington faces a giant tax debate in 2025. How Kamala Harris or Donald Trump would navigate it. ... by endorsing a long-term capital gains rate for the ultra-rich of 28%. That's about 10 ...