Economically to the right of Genocide Joe.
Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%.
So not nothing, but not much, assuming the change can be pushed through at all. Nothing will fundamentally change. These taxes wouldn’t even affect well-paid workers; they only kick in at $1M.
it should be graduated just like personal income. small business small tax. large corp, large tax.
I get the sentiment, but I don’t think small businesses often have capital gains.
ugh. somehow in my mind I thought this was corporate tax but I guess we still won’t change them much.