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  2. Tax Reform Act of 1969 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1969

    However, the maximum tax rate on that part of long-term capital gains above $50,000 is increased to 29.5 percent in 1970, 32.5 percent in 1971, and 35 percent (one-half the 70 percent top tax rate applicable to ordinary income) in 1972 and later years. The alternative tax rate on corporate long-term capital gains income is increased to 28 ...

  3. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...

  4. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    The 1981 tax rate reductions further reduced capital gains rates to a maximum of 20 percent. Later in the 1980s, Congress began increasing the capital gains tax rate and repealing the exclusion of capital gains. The Tax Reform Act of 1986 repealed the exclusion from income that provided for tax-exemption of long-term capital gains, raising the ...

  5. Donald Trump wants to impose a 10% tariff. Here's what ... - AOL

    www.aol.com/finance/donald-trump-wants-impose-10...

    The Tax Foundation recently pegged the proceeds of the 10% tariffs at $300 billion a year. A populist tactic The 1971 episode with Nixon is also evidence of the power of the idea of a tariff to ...

  6. Timeline of the Richard Nixon presidency (1969) - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_Richard...

    March 25 – In a meeting with Republican leaders, President Nixon promises to ask for an extension by one year of the tax surcharge by 10% and excise taxes on automobiles and communication during the following day. President Nixon says the progression toward peace in South Vietnam is held in the hands of private conversation during a National ...

  7. Capital Gains Tax: What You Need to Know in 2014 - AOL

    www.aol.com/news/2014-02-21-capital-gains-tax...

    Here's an example: A married taxpayer filing jointly with wage income of, say, $400,000 plus long-term capital gains of $200,000 will pay a 15% income tax rate on the first $57,600 of long-term ...

  8. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    The tax rate then decreases once the capital gain becomes a long-term capital gain, or is held for 1 year or more. In 1964, the effective capital gains tax rate was 25%. This means that the actual tax percentage of all capital gains realized in the U.S. in 1964 was 25% as opposed to the nominal capital gains tax rate, or the percentage that ...

  9. Unrealized capital gains, explained - AOL

    www.aol.com/finance/billionaires-fuming-kamala...

    Billionaires are fuming about Kamala Harris’s ‘unrealized’ capital gains tax proposal—and getting it to work would be a heavy lift Shawn Tully Updated September 4, 2024 at 1:04 PM