The Pomp Letter
The Pomp Letter
Harris Proposes 28% Long-Term Capital Gains Tax Rate
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Harris Proposes 28% Long-Term Capital Gains Tax Rate

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To investors,

The current long-term capital gains tax rate is set at 20% in the United States. The goal with this tax is to find a balance between incentivizing long-term investment, while capturing revenue for the US government.

This is why the long-term tax rate is lower than ordinary income.

The critique has long been that a long-term capital gains tax…

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