Example
The preferential tax rate on long-term capital gains: Benefits as a percent of after-tax income
Income bracket | Preferential tax rate on long-term capital gains and dividends |
---|---|
Bottom 20% | 0% |
21–40th | 0 |
41–60th | 0.1 |
61–80th | 0.2 |
81–90th | 0.2 |
91–95th | 0.4 |
96–99th | 1 |
Top 1% | 5.9 |
Source: Tax Policy Center
Tax Policy Center, Individual Income Tax Expenditures [online database], T18-0183, October 2018. Data are for 2018.
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