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Long-term capital gains tax rates for the 2024 tax year — by filing status. Single. 0% rate: Up to $47,025. 15% rate: $47,026 – $518,900. ... Unlike the long-term capital gains tax rate, there ...
The capital gains tax rate for long-term assets is 0%, 15%, 20%, 25% or 28%. You only pay capital gains tax if you sell an asset for more than you spent to acquire it. The FICA tax rate is 15.3% ...
For those earning more than $1 million annually, Harris has proposed raising the long-term capital gains tax rate paid after selling assets like stocks to 28% from 20%, an increase far smaller ...
The lower rate on long-term capital gains, compared to the rate on ordinary income, is regarded by the political left, such as Sen. Bernie Sanders, as a "tax break" that excuses investors from paying their "fair share", [19] [25] or a "tax expenditure" that government could elect to stop spending. [26]
The tax rate for individuals on "long-term capital gains", which are gains on assets that have been held for over one year before being sold, is lower than the ordinary income tax rate, and in some tax brackets there is no tax due on such gains. The tax rate on long-term gains was reduced in 1997 via the Taxpayer Relief Act of 1997 from 28% to ...
March 18, 2024 at 11:08 AM. ... Most long-term capital gains will see a tax rate of no more than 15%, though certain assets (like coins and art) can be taxed at a rate up to 28%. Depending on your ...
Vice President and 2024 Democratic presidential candidate Kamala Harris waves after stepping off Air Force Two upon arrival in Maryland on Aug. 23. ... "Preferential tax rates on long-term capital ...
Anna Moneymaker/Getty Images. Vice President Kamala Harris proposed increasing the long-term capital gains tax rate to 28% for wealthy Americans during an economic speech in New Hampshire on ...
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