During the recession, Americans made fewer profits from their investments, and federal revenue from capital gains taxes went way down. $137 billion were collected back in 2007. By 2009, that amount dropped to $37 billion.
But those collections could be on the way back up, as capital gains tax rates are sitting on the “fiscal cliff.” The 15 percent rate will rise to 20 percent in 2013, unless Congress acts.
Our infographic has more on capital gains taxes and those who are affected. Check it out, then read “What Do Others Say?” for more perspective. Add your voice to the discussion thread below. Should Congress let capital gains taxes go up?
