Capital Gains Tax: announcement effects and sector rotation
blog.variantperception.com
President Biden's 2022 fiscal budget includes proposals for a 39.6% (43.4% with surtax) top long-term capital gains tax rate (in the US long-term capital gains apply on investments owned for 12 months or longer). We don't know what the final bill will look like, but there are lessons for equity investors from the 2012-13 CGT hike (top rate went up from 15% to 20%, 23.8% for high earners).
Capital Gains Tax: announcement effects and sector rotation
Capital Gains Tax: announcement effects and…
Capital Gains Tax: announcement effects and sector rotation
President Biden's 2022 fiscal budget includes proposals for a 39.6% (43.4% with surtax) top long-term capital gains tax rate (in the US long-term capital gains apply on investments owned for 12 months or longer). We don't know what the final bill will look like, but there are lessons for equity investors from the 2012-13 CGT hike (top rate went up from 15% to 20%, 23.8% for high earners).