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Summary

Harris Seeks Higher Capital Gains Tax

This is a news story, published by MSN, that relates primarily to Kamala Harris news.

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higher capital gains tax rate

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higher capital gains rate
CNBC

CNBC

•

Harris wants a 28% capital gains tax rate for top earners. Here's what advisors are telling clients

CNBC
Summary
Nutrition label

89% Informative

Kamala Harris proposes a 28% tax on long-term capital gains, or assets owned for more than one year , for households making more than $1 million annually .

This would be an increase from the current rate of 20% for top earners.

Financial advisors are monitoring plans before taking action.

VR Score

93

Informative language

93

Neutral language

66

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

17

https://www.cnbc.com/2024/06/18/plan-for-expiring-trump-tax-breaks.html?&doc=108029831https://www.cnbc.com/2024/07/20/how-project-2025-could-impact-your-taxes-under-a-second-trump-term.html?&doc=108029831https://www.wsj.com/politics/elections/kamala-harris-to-pare-back-bidens-capital-gains-tax-proposal-14c537b1https://www.cnbc.com/2024/09/05/how-high-earners-can-use-a-backdoor-roth-ira.html?&doc=108029831https://www.cnbc.com/2024/09/04/republican-led-states-sue-to-block-bidens-student-loan-forgiveness-plan.html?&doc=108029831https://www.cnbc.com/2024/07/15/what-project-2025-could-mean-for-your-wallet-in-a-trump-presidency.html?&doc=108029831https://www.cnbc.com/2024/09/05/harris-economic-plan-tax-unrealized-gains.html?&doc=108029831https://www.cnbc.com/2024/09/04/harris-biden-capital-gains-tax-hike-trump-election.html?&doc=108029831https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdfhttps://www.cnbc.com/2024/08/26/zero-percent-capital-gains-bracket.html?&doc=108029831https://www.cnbc.com/2024/08/21/how-to-use-required-minimum-distributions-to-improve-your-portfolio.html?&doc=108029831https://www.cnbc.com/2023/07/05/how-to-avoid-the-net-investment-income-tax-for-2023.html?&doc=108029831https://www.cnbc.com/advisor-council/?&doc=108029831https://www.nbcnews.com/politics/donald-trump/project-2025-trump-heritage-foundation-what-know-rcna161338https://www.project2025.org/playbook/https://www.cnbc.com/2023/11/09/irs-here-are-the-new-income-tax-brackets-for-2024.html?&doc=108029831https://www.whitehouse.gov/wp-content/uploads/2024/03/budget_fy2025.pdf

Source diversity

6

www.cnbc.comwww.wsj.comhome.treasury.govwww.nbcnews.comwww.project2025.orgwww.whitehouse.gov

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