New Jersey Will Face 43.75% Capital Gains Tax Under Kamala Harris Tax Plan
September 15, 2024
September 15, 2024
WASHINGTON, Sept. 15 [Category: Political] -- Americans for Tax Reform issued the following news:
Kamala's 33% federal rate + New Jersey's 10.75% rate = 43.75%
Much higher than China's 20% and Europe's average of 18%
New Jersey will face a top combined federal-state capital gains tax rate of 43.75% under the Kamala Harris tax increase plan.
33% federal + 10.75% state = 43.75%. Is that the recipe for a successful and competitive New Jersey?
Kamala's 33% federal rate + New Jersey's 10.75% rate = 43.75%
Much higher than China's 20% and Europe's average of 18%
New Jersey will face a top combined federal-state capital gains tax rate of 43.75% under the Kamala Harris tax increase plan.
33% federal + 10.75% state = 43.75%. Is that the recipe for a successful and competitive New Jersey?