What was the capital gains rate in 2014?
The Tax Rate
| Income Type | Amount | Tax Rate |
|---|---|---|
| 39.6% Threshold (Jt. Filers) | $457,600 | |
| Net Capital Gain < Threshold | $57,600 | 15% |
| Net Capital Gain > Threshold | $142,400 | 20% |
| Effective Capital Gain Tax Rate | 18.6% |
What is the highest capital gains tax rate in history?
The Tax Reform Act of 1969 phased in from 1970 to 1976 and raised alternative capital gains tax rates, making the maximum tax rate on capital gains 49 percent, the highest level since 1921. The late 1970s and early 1980s brought decreases to the top rates for both ordinary income and capital gains.
What was the capital gains rate in 2010?
(a) The Taxpayer Relief Act of 1997 provided that on January 1, 2001, the 10% capital gains rate for people in the 15% bracket would drop to 8 percent. This may be honored as the Bush tax cuts expire at the end of 2010. (b) The extra 3.8% was enacted during 2010 as part of the new health care law.
What is the highest 2014 long-term capital gain rate?
Capital gains rates for individual increase to 15% for those individuals in the 25% – 35% marginal tax brackets and increase even further to 20% for those individuals in the 39.6% marginal tax bracket. Net capital gain from selling collectibles (such as coins or art) is taxed at a maximum 28% rate.
What was capital gains tax in 1996?
Federal Capital Gains Tax Collections, Historical Data (1954-2018)
| Tax Year | Total Realized Capital Gains ($ millions) | Average Effective Tax Rate (%) |
|---|---|---|
| 1994 | 152,727 | 23.7 |
| 1995 | 180,130 | 24.6 |
| 1996 | 260,696 | 25.5 |
| 1997 | 364,829 | 21.7 |
What was the capital gains tax rate in 2005?
Federal Capital Gains Tax Collections, Historical Data (1954-2018)
| Tax Year | Total Realized Capital Gains ($ millions) | Maximum Tax Rate (%) |
|---|---|---|
| 2003 | 323,306 | 21.05/16.05 |
| 2004 | 499,154 | 16.05 |
| 2005 | 690,152 | 16.05 |
| 2006 | 798,214 | 15.70 |