Harris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% rate
www.cnbc.com
Donald Trump and Kamala Harris are set for a Sept. 10 debate, where the economy and taxes could be a focal point.

Economically to the right of Genocide Joe.

Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%.

So not nothing, but not much, assuming the change can be pushed through at all. Nothing will fundamentally change. These taxes wouldn’t even affect well-paid workers; they only kick in at $1M.

  • davelOPAEnglish
    72·
    3 months ago

    I get the sentiment, but I don’t think small businesses often have capital gains.