Home Business How Capital Gains Are Taxed and What Biden Wants to Do Now

How Capital Gains Are Taxed and What Biden Wants to Do Now


Investors are taxed on the difference between what they paid for an asset and what they sold it for. The U.S. federal rate for investments held at least one year currently tops out at 20%, well below the top marginal rate of 37% on wages and salaries. (Investments held for a year or shorter are taxed the same as wages and salaries.) As with all investments, an additional 3.8% tax applies to capital gains earned by individuals earning at least $200,000, or married couples earning $250,000, to fund the U.S. health-insurance subsidy program known as Obamacare. And a higher 28% capital gains rate applies to transactions involving certain investments in small businesses and in collectibles such as art, antiques, stamps, wine and precious metals. States also tax capital gains but have varying approaches.

Previous articleSen. James Risch’s odd questioning about a button pusher in the White House controlling Biden
Next articleAOC bagged free bling to complement her ‘Tax the Rich’ dress at the Met Gala


Please enter your comment!
Please enter your name here