Lets Try to keep opinions out of this-
There was so much confusion and disinformation in a prior thread that people need to know what is happening and media hiding truth is not acceptable.
Lets let the unbiased MSNBC Business news station who has capitalistic views explain it so everyone can understand what is happening in the Democratic Parties=tax agenda.
One note is in spite of what some on here believe there is a large number of people on here that this affects. Anyone that doesnt draw a paycheck by working for someone else. Farmers-Ranchers-Business owners and Market Investors all have extreme good and bad years and encounter capital gains at some point.
This is the current Capital Gains tax table that we now pay on top of regular state taxes and Nebr is tough.
Long-term capital gains tax rate 2024
-It is claimed all Capital Gains taxes are doubled The 20% tax rate goes to 45%-Not positively sure if the 15% is also doubled or not but if so almost everyone will be affected at some time..
There was so much confusion and disinformation in a prior thread that people need to know what is happening and media hiding truth is not acceptable.
Lets let the unbiased MSNBC Business news station who has capitalistic views explain it so everyone can understand what is happening in the Democratic Parties=tax agenda.
One note is in spite of what some on here believe there is a large number of people on here that this affects. Anyone that doesnt draw a paycheck by working for someone else. Farmers-Ranchers-Business owners and Market Investors all have extreme good and bad years and encounter capital gains at some point.
This is the current Capital Gains tax table that we now pay on top of regular state taxes and Nebr is tough.
Long-term capital gains tax rate 2024
| Capital GainsTax Rate | Taxable Income(Single) | Taxable Income(Married Filing Jointly) |
|---|---|---|
| 0% | Up to $44,625 | Up to $89,250 |
| 15% | $44,626 to $492,300 | $89,251 to $553,850 |
| 20% | Over $492,300 | Over $553,850 |
-It is claimed all Capital Gains taxes are doubled The 20% tax rate goes to 45%-Not positively sure if the 15% is also doubled or not but if so almost everyone will be affected at some time..
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