2020 Democrats push tax hike on wealthy investors
(WorldNews Politics)

Democratic presidential candidates are calling for increasing taxes on capital gains, a move they argue would make the tax code more fair and help to reduce income inequality. Many of the candidates have suggested they might raise tax rates on investment gains and end breaks that allow people to minimize their capital gains tax bills. People pay capital gains taxes when they sell investments. Currently, the top tax rate on long-term capital gains is 20 percent, plus a 3.8 net investment tax for high earners. By contrast, the top rate on individuals´ ordinary income, such as wages, is 37 percent, plus 3.8 percent in Medicare taxes. Analysts have estimated that most of the benefits of the...