By: Amanda Wilson
Hillary Clinton is expected to propose later this week a revamping of capital gains rates. While the specifics are not yet released, Clinton's proposal is expected to increase the current maximum capital gains rate for investments held for only two to three years. Currently, these investments qualify for a 20% tax rate (23.8% where the Medicare contribution tax applies) as long as the taxpayer has held the investment for at least a year.
Stay tuned!
