TAXES AND CAPITAL GAINS

There is a lot of talk about what will happen with tax rates come January 2013 and in the absence of new legislation taxes are going UP. Capital gains on commercial real estate assets is slated to increase from 15% to 20% and will be subject to an additional 3.8% Medicare contribution tax. Additionally, income taxes will increase all across the board.

As we look at the future of tax rates in the USA its also interesting to take a look at the tax rate past. The image below was posted by Jeremy Cyrier with Mansard in Wakefield, MA.

selah