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Capital Gains Tax Rates and Revenues (CRS Report for Congress)

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Release Date April 4, 2007
Report Number RS20250
Report Type Report
Authors Gregg A. Esenwein, Government and Finance Division
Source Agency Congressional Research Service
Summary:

The taxation of individual capital gains income is a perennial topic of debate inCongress. Taxes on long-term capital gains income were reduced in 1997 and again in2003. The holding period to qualify for long-term capital gains treatment was reducedin 1998. This report provides historical information on the holding period, maximumstatutory tax rate, and revenues from the taxation of individual capital gains income.