But Regan in 1986 set the rate at 28%
Reader comment on: Cap Gains Rate Set To Rise
Submitted by Lyle (United States), Jan 26, 2012 10:16
If you went back to the 1986 act capital gains and regular income where taxed at the same rate. (28% still applies to some capital gains particularly that from collectables which would include the gold coins sold on TV but never mentioned by them). Did the economy do so badly then (other than the banks having another one of their great herd events and going hog wild over real estate- the S&L crisis). It should be noted that the 28% rate was the top rate at the time as well.
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The Future of Capitalism replies:
I'd be okay with 28 and 28. Remember though we were paying for Cold War at the time, which we don't have now. I'd suggest bringing the top corporate rate down too though now to below the end Reagan levels.
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