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submitted 1 month ago* (last edited 1 month ago) by davel@lemmy.ml to c/usa@lemmy.ml

Economically to the right of Genocide Joe.

Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%.

So not nothing, but not much, assuming the change can be pushed through at all. Nothing will fundamentally change. These taxes wouldn’t even affect well-paid workers; they only kick in at $1M.

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[-] magnetosphere@fedia.io 12 points 1 month ago
this post was submitted on 04 Sep 2024
44 points (76.2% liked)

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