Highest Capital Gains Federal Tax Rate by Year
December 14, 2010
Over the past 20 years the highest tax rate for long term (>12 mo) capital gains has fallen much more than taxes on ordinary income. The current capital gains tax rate of 15% is less than half of the top tax rate for salary income of 35%. Are we creating incentives to work and invest? Or just to speculate and reclassify other income as 'capital gains'?
