🏛💸Capital Gains Tax Increase Before 2025?
Resolution/Rules
If a bill becomes law before 2025 that the effect of raising the top federal capital gains tax rate on net long-term capital gains to be strictly greater than 20%%, then the market resolves to Yes. Outcome verified from Library of Congress.
About
People are placing bets on the likelihood of a tax increase, as the administration seeks to raise revenue and address income inequality. A capital gains tax hike could have a significant impact on investors and the stock market, making it a closely watched bet.
[Resolves the same as this market on Kalshi]
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Per Bankrate:
In 2024, individual filers won’t pay any capital gains tax if their total taxable income is $47,025 or below. However, they’ll pay 15 percent on capital gains if their income is $47,026 to $518,900. Above that income level, the rate jumps to 20 percent.
For the 2025 tax year, individual filers won’t pay any capital gains tax if their total taxable income is $48,350 or less. The rate jumps to 15 percent on capital gains, if their income is $48,351 to $533,400. Above that income level the rate climbs to 20 percent.
Percentage unchanged. Kalshi will resolve the same.
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