- cross-posted to:
- usa
- politics@lemmy.world
- cross-posted to:
- usa
- politics@lemmy.world
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.
ugh. somehow in my mind I thought this was corporate tax but I guess we still won’t change them much.