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Taxes on capital gains
Posted on 11/5/17 at 2:22 am
Posted on 11/5/17 at 2:22 am
What's in the proposal?
2
Posted on 11/5/17 at 11:38 am to matthew25
From what I’ve seen it doesn’t change the capital gains tax treatment. However if the tax brackets remain as proposed there will be a significant portion of the population that will pay more on long term capital gains at 15% as opposed to short term which is taxed as ordinary income under the new tax bracket at 12%. Interesting to see how this plays out.
Posted on 11/5/17 at 3:29 pm to matthew25
Doesn't change the rate from what I gather. There is some language that appears to change to brackets of capital gains tax and how much of your capital gains is subject to taxation.
Posted on 11/6/17 at 4:45 pm to OleWarSkuleAlum
quote:
From what I’ve seen it doesn’t change the capital gains tax treatment. However if the tax brackets remain as proposed there will be a significant portion of the population that will pay more on long term capital gains at 15% as opposed to short term which is taxed as ordinary income under the new tax bracket at 12%. Interesting to see how this plays out.
There is currently a 0% cap gains rate for those in the 10 and 15 brackets. Something similar with happen.
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