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Non-Tech : Kirk's Market Thoughts

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Dec 16 3:59 PM EST

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To: robert b furman who wrote (21205)

11/3/2024 9:44:05 PM

From: Kirk ©

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I don't remember Clinton raising the capital gains tax in 2000. In fact, he lowered the top rate from 29% to 21% in 1998.

taxfoundation.org

Bush II took it lower, down to 15% then Obama needed to pay for Obamacare so he raised it to 25%.

I agree it makes a ton of sense for us in the middle income brackets that are semiretired to book some taxes before the TCJA rates expire.

Table 1. How 2026 Tax Rates Will Rise if the TCJA Expires

taxfoundation.org
Bracket - Rates Under TCJA - Rates if TCJA ExpiresSource: Author calculations and Congressional Budget Office, “Tax Parameters and Effective Marginal Tax Rates.”

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