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Under Clinton’s proposal, investments held between one and two years would be taxed at the normal income-tax rate of 39.6%, nearly double the existing 20% capital gains rate.
Only the top 0.5% of taxpayers would be impacted by the plan, which also falls in line with Democratic calls for cracking down on the immense wealth generated by ostensibly manipulative practices on Wall Street.
Clinton’s plan would collect revenue from top-bracket taxpayers’ stock holdings on a sliding scale, with the lowest rate applied to investments held the longest. To qualify for the existing 20% rate, investors would have to hold an investment for at least six years.
She also wants daily disclosure of stock buybacks rather then the current quarterly disclosure.
I am not a Hillary cheerleader, but I am impressed with this. Both points seem like very good, practical proposals to me.
She also wants daily disclosure of stock buybacks rather then the current quarterly disclosure.
this doesn't accomplish anything... not for investors, they hold long term... maybe for the stock traders? And the other bit about holding for <2 years... mostly targeting traders and not investors
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Only the top 0.5% of taxpayers would be impacted by the plan,
so what amount of stocks do you need to hold to be in this group?
Sure I hold most of my money in stocks... but if stocks are going to be affected this like, then I'll switch some more to bonds and real estate... and hey, I avoid "stock" rules, since it isn't about any other type of investments...
what happens to 401k and roths? do their tax status change later too?
Which is why I'm voting for Trump. Enough of the status quo and all of their tax grabs.
Yep, I'm tired of all the politicians bending to every interest group, lobbyst, or corporation.... trump will do or at least try is hardest to do everything he says because he doesn't need other people's money and cares too much about his pride to cave in.
so what amount of stocks do you need to hold to be in this group?
It would only apply to the top 0.5% of tax filers. Currently you would need to have made about $600,000 minimum (in general, not just in stocks) in the prior year for this to be applicable to you.
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Originally Posted by bmw335xi
I feel like Clinton is going far left, which is disappointing.
Donald 2016
Far Left?
This is a very moderate proposal imo. There have been calls for increasing the capital gains tax for years and this proposal would not apply to 99.5% of people, which is a good thing. Those who it would apply to are in the "super rich" class and many of them likely make the majority of their income from trading. If it makes up the majority of your income and you are super rich, I am ok with taxing gains as regular income.
Yep, I'm tired of all the politicians bending to every interest group, lobbyst, or corporation.... trump will do or at least try is hardest to do everything he says because he doesn't need other people's money and cares too much about his pride to cave in.
Now there's an interesting point, reminds me of a section of history.
As I was told back in the 90's, a reason why Gerald Ford's VP was Rockefeller was because Congress was tired of high officials being bribed.........so they went for someone that no one could afford to bribe.
Whether true or not, it does give an interesting way to view a person.
Lost my vote.......cap gains should be lower not higher. Give more on cap loss if you want higher cap gains. I'm taking the risk & the government gets a piece of my gains, sounds fair??!!
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