There is a lot of rumbling that the Bush Tax Cuts are soon to be a thing of the past. At the top of the list is the current Capital Gains Tax Rate of 15%. Following is the history of that tax according to the AP/ October 3, 2012, 3:15 PM :
Select changes in the top statutory tax rate on long-term capital gains in recent decades:
1942-67: 25 percent
1976: 39.9 percent
1979: 28 percent
1982: 20 percent
1987: 28 percent
1997: 20 percent
2003: 15 percent
2013: Estimated to be 20 percent (plus a new 3.8 percent Medicare tax on investment income for high-income earners)
So, if you share that concern and are thinking about making some changes in your real estate investment portfolio, the good news is that with the lack of inventory here in our market place, there is still time to get your property on the market and sold before the end of the year. So if you have been considering such a move, I urge you to consult with your tax advisor and then give me a call me. While we do have time, it is running short!
The call is free & you know you will always get a straight answer from me! Call me at (916) 284-7133
The Real Estate Huntress
Selling Sacramento Since 1969
Remember, Experience is not expensive, it is priceless!