Which statement about capital gains tax rates is TRUE?

Question

Quizplus · Accepted Answer

The 2003 Jobs and Growth Act did reduce the top tax rate applied to capital gains realized after May of 2003. Option A is incorrect because the top tax rate on capital gains is not higher than the top tax rate on other income in the United States. Option B is incorrect because there has not always been widespread agreement on how capital gains should be taxed. Option D is incorrect because income on a capital gain is typically taxed at a lower rate than labor income in the United States.

Which Statement About Capital Gains Tax Rates Is TRUE