Prior to the Taxpayer Relief Act of 1997,the maximum rate on long-term capital gains was 28%.

Name: Prior to the Taxpayer Relief Act of 1997,the maximum rate on long-term capital gains was 28%.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Prior to the Taxpayer Relief Act of 1997, the maximum rate on long-term capital gains was indeed 28%. The Taxpayer Relief Act of 1997 lowered this maximum rate to 20% and also created a new 18% rate for certain gains.

Prior to the Taxpayer Relief Act of 1997,the Maximum Rate