Posted on 03/07/2026 9:06:20 PM PST by Paladin2
"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:"
eXCERPT.
sEE url
(Excerpt) Read more at atr.org ...
It's yuge theft, Big Time.
We bought our house in 1983 and have the same situation. Our financial plan is to croak and give the kids the huge uptick in basis, saving a $0.8 million tax bill! I’d rather the kids get that instead of the damned government.
The hard-working tax payers’ money is sucked up by the NCOs who are set up to provide vital services for the state. Instead, that money goes into pockets like the politicians, up to their eyeballs in corruption, who keep the NGOs in operation. With tons of money going into pockets and laundered, the state runs out of money for the vital functions like highway maintenance. As state motorists are blowing their car’s front ends rolling over the ruts in the highway, they start screaming to fix the highway. Time to raise taxes.
And who will that hurt???
The uber wealthy?
The “poor”?
Nope. It will slaughter the middle class.
Typical goddamn Marxist bullshit!!!
Enough!!!!
Bring the gallows!!!!
I’m old. I don’t give a shit what anyone thinks about what I am saying!!!
WAKE UP!!!
Boy that’ll really help industry, hah? Even their idiotic govt would end up getting less revenue. But, you just can’t fix stupid, it’s inbred and it’s permanent.
all that fraud doesn’t come cheap.
So both the house and senate would vote for it, and even if they did, Trump would not veto it? Am I missing something?
Their hot tip sheet cap gains from insider trading carries no risk.
Its not going to happen. 🙄
Democrats believe all money rightfully belongs to the Democrat criminal complex.
Is this part of the Democrats “winning strategy” for the mid-terms?
Democrats raise taxes - then blame it on Republicans. A lot of people, like my crazy cousin, believe it every time.
The dems have a lot of fraud to support ...
Yeah watch them change that as well
YIKES!
When did that happen?
Microsoft Co-Pilot says the 2026 highest, long term (one year), federal, cap gains rate is still 20%.
GROK:
As of March 2026, the federal long-term capital gains tax (for assets held more than one year) is not a single flat “top rate” but a stepped (tiered) system with rates of 0%, 15%, or 20%, depending on your total taxable income (including the gains themselves) and filing status. This has been the structure for years, with income thresholds adjusted annually for inflation.Short-term capital gains (assets held one year or less) are taxed at ordinary income tax rates (up to 37%).Long-Term Capital Gains Tax Rates for Tax Year 2026These apply to most assets (e.g., stocks, mutual funds). Higher rates can apply to certain assets like collectibles (up to 28%) or unrecaptured Section 1250 gain (up to 25%), but the standard top rate is 20%.0% rate — Applies if your taxable income is at or below the threshold.
15% rate — Applies to income in the middle range.
20% rate — The top rate, applying above the highest threshold.
GROK:
As of March 2026, the federal long-term capital gains tax (for assets held more than one year) is not a single flat “top rate” but a stepped (tiered) system with rates of 0%, 15%, or 20%, depending on your total taxable income (including the gains themselves) and filing status.
This has been the structure for years, with income thresholds adjusted annually for inflation.Short-term capital gains (assets held one year or less) are taxed at ordinary income tax rates (up to 37%).
Long-Term Capital Gains Tax Rates for Tax Year 2026These apply to most assets (e.g., stocks, mutual funds). Higher rates can apply to certain assets like collectibles (up to 28%) or unrecaptured Section 1250 gain (up to 25%), but the standard top rate is 20%.
0% rate — Applies if your taxable income is at or below the threshold.
15% rate — Applies to income in the middle range.
20% rate — The top rate, applying above the highest threshold.
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