- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
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.
It’s for her donors, the capitalist class that funds election campaigns. It’s a big club, and you ain’t in it.