Individual Tax Planning for the Coming Capital Gains Tax Rate Increases
Posted on 02.20.12
It appears to be a pretty safe bet that the tax rate on Long Term Capital Gains (LTCG), like the gain from the sale of a typical business, will be higher in 2013 and future years compared to the favorable 15% LTCG rate for individuals that we enjoy now. The scheduled expiration of the Bush tax cuts, and the budget proposals recently submitted by the President call for an increase in the Federal LTCG to 20%.
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