Trumps plan for capital gains tax

While the capital gains tax affects anyone selling a capital asset, higher-income individuals are typically subject to the tax more so than average Americans. In 201 individuals in the top percent income class received more than percent of their income from capital gains. If you hold a capital asset for one year or less and then sell or otherwise dispose of it, your capital gain is considered short-term. Short-term gains are generally taxed at your ordinary income tax rate (you can check the 20tax rates here). The capital gains change would slash tax bills for investors when selling assets.

House Republicans are planning on. President Donald Trump is said to be considering a plan that would index capital - gains taxes to inflation, effectively resulting in a $1billion . The administration is considering a plan that takes that inflation into . President Trump created a sweeping tax overhaul, which rewards the. Those fees are treated as capital gains rather than regular income, . Trump to propose plan to make U. Trump administration eyes capital gains tax cut for wealthy: NY Times.

Supporters of capital gains tax cuts argue that the move would juice the . Democrats blast Donald Trump tax plan as another giveaway to the. Interest is growing in the administration to cut capital gains taxes.