WHAT IS A CAPITAL GAIN AND WHAT IS CAPITAL PROPERTY?
When you sell something for a higher price than you paid for it, the difference is a ‘gain’. So when you sell something considered capital for more than you paid, the difference is called a ‘capital gain’.
Capital includes any property or asset that can increase in value, such as a house that isn’t your primary residence [1], land, a vehicle, shares in a company, or another asset with monetary value.
ONLY HALF IS TAXED…
It’s unfortunate that the higher up your go in wealth the more access you have to loop holes. While this tax law does benefit corporations, it also massively helps middle class investors to keep more of their money. If the capital gains were revoked across the board a substantial money is middle class would find retirement harder to achieve. Capital gauge should be prorated like income tax. Allow the middle class to invest and drive the stock market but prevent corporations from behaving badly in the name of wealth accumulation.