The Proposed Changes to Capital Gains Taxes

As a married couple, the highest tax rate kicks in when the joint taxable income is over 450 k. The proposal not only increases the tax rates, but also reduces the income level at which the higher tax rates will start. Another proposed change is for hihr income taxpayers with ordinary business income to be subject to the net investment income tax. This would be an additional three point eight % tax on top of the federal and state income taxes you already pay.