Are captial gains included in the proposed tax increase on the wealthy?

20% capital gain possible at this time LTCG tax rate with out any changes at all being done for the 2013 tax year at this time in your life.

Hope that you find the above enclosed information useful. 12/06/2012

Not really.

Prior to the "Bush Tax Cuts" being enacted, a reduction in the Capital Gains rate had already been signed into law by President Clinton. This law reduced the rate on Capital Gains to 20%.

So, if nothing is done and all of the Bush Tax Cuts expire, the Capital Gains Rate only goes up to 20% which is still a very good deal for the wealthy.

IMO capital gains should not be taxed like regular income. If I bought stock in 1970 for $100 and sold it today for $600 (having paid taxes on the dividend for most of those years), I have only kept up with inflation. There is no real profit there.This is acknowledged (to an extreme) in the exemption for personal residences. Also, some (certainly not all) of the increase in price of stock is due to the fact that the company has more assets. It is bigger. Those assets were bought with money that was often profit on which corporate income tax was already paid.

"Accurately" or "fairly" taxing capital gains taking these factors into account is not simple in practice, but some special treatment is appropriate.

Capital gains rates will likely go up on everyone, not just the wealthy.

And no I don't think that capital gains rates should be raised to the same as other income. They're lower because of the risk the investor takes, which seems reasonable.

There is no proposed "increased". What is proposed is an end to a temporary decrease that began approximately ten years ago. This would return all taxes to their regular levels, but would not increase them beyond that point. Long-term capital gains taxes for the wealthy would go back to 20%, because that is their regular level, which was temporarily lowered to 15%.

I have not read anything that mentions raising capital gains tax rate from 15 to 20%. So Romney can keep his money in the Caymans, Switzerland and other places to avoid U.S. tax.

No proposal is on the table. Cold hard fact of life is that on the first of January all capital gains will be taxed at full income rates depending your bracket; plus they will be tagged with a 3.8% medicare tax on top of the full tax bite. This is just one of the automatic increases put in place by the health care bill; over 40 bigger or new tax bites will kick in on the first of January.

at present the richest pay about 15%. at the same time as the finished marginal cost become 70% they paid 23% i'd only opt to make certain them plug the alternative minimum tax so as that those in additional effective brackets pay a minimum of 25%. And get rid of the qualified dividend cost for overseas dividends to inspire repatriating investments.

if the Bush tax cuts are not extended the cap gains tax automatically goes up, it doesn't matter who has the gains or not

the upper bracket, those above $250000 are the targeted ones for increasing the rate

as a matter of fact those making with that amount of taxable income will pay 33% and as high as 39.6% without any action by anyone