Source: Inequality.org
by Bob Lord
“The top tax rate wealthy Americans pay on their investment gains today runs barely half the top rate the rest of us pay on our wages. But that only begins to tell the story of how lightly taxed our richest have become compared to the rest of us. On the surface, the nominal tax rate on long-term capital gains from investments seems somewhat progressive, even given the reality that this rate sits lower than the tax rate on ordinary income. Single taxpayers with $48,350 or less in taxable income face a zero capital gains tax rate. Taxpayers with over $533,400 in taxable income, meanwhile, face a 23.8% tax on their capital gains, a rate that includes a 3.8% net investment income tax. But these numbers shroud the real picture. In reality, we tax the ultra-rich on their investment gains less, not more.” (05/15/25)
https://inequality.org/article/americas-most-regressive-tax-levy-our-tax-on-capital-gains/