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Capital gain tax increase

Date: 04/13/2010 | Category: QuickBooks | Author: developers

Time to do some planning about capital gain tax.

On January 1, 2011, the capital gain tax reduction that was signed into law by President Bush under the Tax Increase Prevention and Reconciliation Act will “sunset.” The tax rate will revert from the current 15 percent rate back to the former 20 percent capital gain tax rate that was in effect prior to 2003.