Percentage Distribution of the Aggregate Tax Chance of a Capital Gains Exclusion And a Proposal to Index the Cost Basis of Certain Capital Assets, 1985 Jcx-37-89
Percentage Distribution of the Aggregate Tax Chance of a Capital Gains Exclusion And a Proposal to Index the Cost Basis of Certain Capital Assets, 1985 Jcx-37-89
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Indexation income Class Capital Gains of the Exclusion-^' ^ Cost Basis'*'^ Less than $10,000 0.2% 0.3% 10,000- 20,000 0.5 1.2 20,000 - 30,000 1.4 2.6 30,000 - 40,000 1.4 2.6 40,000 - 50,000 1.9 4.6 50,000 - 75,000 6.3 11.7 75,000 - 100,000 6.3 10.5 100,000 - 200,000 13.9 20.7 200,000 and Above 68.1 45.9 Total 100.0% 100.0% NOTE ; Details may not add to totals due to rounding.
•'■ Net long-term capital gains (i.e., gains held over 1 year) in excess of short-term losses actually reported by indivi...dual taxpayers on Schedule D, Form 1040.
^ Adjusted gross income plus excluded capital gains.
^ Assumes the 60% exclusion that was in effect for 1985.
'* Indexation of the cost basis for capital gains only, for inflation occurring from the time the property was acquired or 1914, whichever is later.
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To quickly assess the difficulty of the text, read a short excerpt:
Indexation income Class Capital Gains of the Exclusion-^' ^ Cost Basis'*'^ Less than $10,000 0.2% 0.3% 10,000- 20,000 0.5 1.2 20,000 - 30,000 1.4 2.6 30,000 - 40,000 1.4 2.6 40,000 - 50,000 1.9 4.6 50,000 - 75,000 6.3 11.7 75,000 - 100,000 6.3 10.5 100,000 - 200,000 13.9 20.7 200,000 and Above 68.1 45.9 Total 100.0% 100.0% NOTE ; Details may not add to totals due to rounding.
•'■ Net long-term capital gains (i.e., gains held over 1 year) in excess of short-term losses actually reported by indivi...dual taxpayers on Schedule D, Form 1040.
^ Adjusted gross income plus excluded capital gains.
^ Assumes the 60% exclusion that was in effect for 1985.
'* Indexation of the cost basis for capital gains only, for inflation occurring from the time the property was acquired or 1914, whichever is later.
What to read after Percentage Distribution of the Aggregate Tax Chance of a Capital Gains Exclusion And a Proposal to Index the Cost Basis of Certain Capital Assets, 1985 Jcx-37-89?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
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