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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Mark   😊 😞
Number: of 15062 
Subject: Re: TCJA 21% vs 15% Corp. tax rate
Date: 11/08/2024 11:38 AM
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the zero rate stays the same for those who qualify, the 15% is a %5 reduction from 20% for those who qualify which could help buy the house they want / need next as prices have increased dramatically.

The 20% capital gains tax rate only applies to people with very high incomes. A single person has to have a taxable income over $518,901 before they hit the 20% long-term capital gains tax rate! A married couple has to have taxable income over $583,751 before they hit the 20% rate. The vast majority of people, more than 98% of them, are in the 0% or 15% capital gains tax bracket.

See here for more information about capital gains tax rates - https://www.kiplinger.com/taxes/capital-gains-tax/...
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