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2013 CCH Whole Ball of Tax
A Historical Look at Capital Gains Rates
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Individuals |
Corporations |
|
Maximum capital gains rates |
Maximum capital gains rates |
1913 - 1921 |
same as regular rate |
same as regular rate |
1922 - 1933 |
12.5% |
12.5% |
1934 - 1935 |
17.7%* |
13.75% |
1936 - 1937 |
22.5%* |
15.0% |
1938 - 1941 |
15.0% |
same as regular rate |
1942 - 1951 |
25.0% |
25.0% |
1952 - 1953 |
26.0% |
26.0% |
1954 |
25.0% |
26.0% |
1955 - 1967 |
25.0% |
25.0% |
1968 |
26.9% |
25.0% |
1969 |
27.5% |
25.0% |
1970 |
30.2% |
25.0% |
1971 |
32.5% |
25.0% |
1972 - 1974 |
35.0% |
25.0% |
1975 - 1977 |
35.0% |
30.0% |
1978 |
33.8% |
30.0% |
1979 |
35.0% |
30.0% |
1980 - 1981 (June 9) |
28.0% |
28.0% |
1981 (after June 9 ) -
1986 |
20.0% |
28.0% |
1987 - 1992 |
28.0% |
34.0% |
1993 - 1997 (May 6) |
28.0% |
35.0% |
1997 (after May 6) -
2003 (May 5) |
20.0% |
35.0% |
2003 (after May 5) -
2012 |
15.0% |
35.0% |
2013 |
20.0% |
35.0% |
*Assumes 10-year holding period, 30% of gain recognized (sliding scale for exclusion based on holding period).
Please note: Tax law is complex. While an accurate representation of capital gains rate history, this chart may not reflect various factors (such as excess profit taxes, phase-ins, rates on special categories of gain and AMT) that could have affected capital gains taxes throughout the years.
SOURCE: Wolters Kluwer, CCH: 2013
nb-13-12
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