What to Know About Capital Gains Tax
Rick Schottenfeld, Chairman and CEO of Schottenfeld Group Holdings, said he is in favor of raising the tax on capital gains to help plug the budget deficit. (Dennis Drenner) One of the most contentious issues in the debate over how to increase revenue may be a difference of almost 8 percentage points, but it has encouraged over a hundred companies to scramble to issue special dividend payments to shareholders ahead of the New Year. It's called the capital gains tax and it's the tax paid on the difference between the sale price of an investment asset, like a stock, and the cost. The long-term capital gains tax rate on most investment assets is generally 15 percent now.
People:
Rick Schottenfeld
Overall Sentiment: 0.12066
Relevance: 0.819111
| Sentiment | Quote |
|---|---|
| 0.0376986 | "This whole process of lowering taxes to create jobs has led to bigger deficits, and made it so we can't afford to pay for things we need," he said. |
| -0.023682 | "This whole process of lowering taxes to create jobs has led to bigger deficits, and made it so we can't afford to pay for things we need," he said. "There's obviously a need for spending cuts. It's an arithmetic problem that needs to be met in the middle. We've overshot on capital gains." |
| 0 | "They really aren't given the opportunities like that to convert your income," he said. ... |
| 0.236244 | "They really aren't given the opportunities like that to convert your income," he said. "How many teachers have big long-term capital gains to take advantage of?" |
| Sentiment Stats: |
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Dennis Drenner
Overall Sentiment: 0
Relevance: 0.357891
President Obama
Overall Sentiment: 0.0602364
Relevance: 0.339977
Joseph Rosenberg
Overall Sentiment: 0.0299433
Relevance: 0.245866
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Additional Info:
Company: Schottenfeld Group Holdings
Overall Sentiment: 0.210568
Relevance: 0.563409
Organization: Tax Policy Center
Overall Sentiment: 0.0209264
Relevance: 0.440232
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One of the most contentious issues in the debate over how to increase revenue may be a difference of about 8 percentage points, but it has encouraged over a hundred companies to scramble to issue special dividend payments to shareholders ahead of the New Year. It's called the capital gains tax and it's the tax paid on the difference between the sale price of an investment asset, like a stock, and the cost.
Source : What to Know About Capital Gains Tax
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