DonGlock26
Diamond Member
- Sep 15, 2024
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"Dems to Propose Highest Capital Gains Tax Rate Since 1978
Democrats just cannot stop raising taxes.
Their latest proposal would increase the top capital gains tax rate to 35.8% from the current 23.8%. This would impose the highest capital gains tax since 1978, the stagnant Jimmy Carter era.
See the chart below:
A 35.8% capital gains tax rate would saddle the USA with a much higher burden than our competitors.
China has a 20% rate.
The European average capital gains tax is 17.9%.
Under the Democrat proposal, to be introduced by Sen. Chris Van Hollen (D-Md.) the combined federal-state capital gains tax rate will exceed 40% in many states."
atr.org
Republicans are bad enough, but Democrats are insane. How about cutting spending and gov't waste?
Democrats just cannot stop raising taxes.
Their latest proposal would increase the top capital gains tax rate to 35.8% from the current 23.8%. This would impose the highest capital gains tax since 1978, the stagnant Jimmy Carter era.
See the chart below:
A 35.8% capital gains tax rate would saddle the USA with a much higher burden than our competitors.
China has a 20% rate.
The European average capital gains tax is 17.9%.
Under the Democrat proposal, to be introduced by Sen. Chris Van Hollen (D-Md.) the combined federal-state capital gains tax rate will exceed 40% in many states."
Dems to Propose Highest Capital Gains Tax Rate Since 1978 - Americans for Tax Reform
Democrats just cannot stop raising taxes.
Republicans are bad enough, but Democrats are insane. How about cutting spending and gov't waste?