Capital beneficial properties taxes, defined.
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The richest in America do not make cash like most Individuals. Most individuals pay earnings taxes from a daily job. However many within the high 1% make cash off their investments, like shares, and pay capital beneficial properties taxes. Whereas regular earnings has a most tax charge of 37%, long-term capital beneficial properties tops out at simply 20%. Altering that charge, and a few loopholes that profit the wealthiest, is seen as one strategy to tax the wealthy.
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