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Maximum long-term capital gains rates stood at around 25 percent after World War II, but rates began to rise following passage of the Tax Reform Act of 1969. The law, signed by Republican ...
For the highest earners — those with taxable income above $1 million and investment income above $400,000 — the long-term capital gains tax rate could reach 44.6% with a combination of proposals.
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
In the United States, presidential job approval ratings were first conducted by George Gallup (estimated to be 1937) to gauge public support for the president of the United States during their term. An approval rating is a percentage determined by polling which indicates the percentage of respondents to an opinion poll who approve of a ...
From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...
Last week, the House passed a budget plan that may ultimately include proposals for taxing high-income earners and expanding tax credits for middle- and low-income Americans.
The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 15%. [4]
Long-term capital gains tax is a tax applied to assets held for more than a year. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income.