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Harris unveils plan for 28% capital gains tax, softening Biden’s proposal for 40% rate (www.cnbc.com)

submitted 5 months ago* (last edited 5 months ago) by davel@lemmy.ml to c/usa@lemmy.ml

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Economically to the right of Genocide Joe.

Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%.

So not nothing, but not much, assuming the change can be pushed through at all. Nothing will fundamentally change. These taxes wouldn’t even affect well-paid workers; they only kick in at $1M.

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[–] davel@lemmy.ml 19 points 5 months ago

It’s for her donors, the capitalist class that funds election campaigns. It’s a big club, and you ain’t in it.