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By Staff Reporters
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House proposes raising capital gains tax to 28.8%
- House Democrats proposed a top federal rate of 25% on long-term capital gains, according to legislation issued by the House Ways and Means Committee.
- The new rate would apply to gains realized after Sep. 13th.
- In 2022, it would kick in for single filers with taxable income over $400,000 and for married couples at $450,000, according to a Committee aide.
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Filed under: Accounting, Investing, Taxation | Tagged: capital gains, capital gains tax, Ways Means |
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