Home Guides & Resources chevron_right Investing Will the Capital Gains Tax Be Raised? Published November 3, 2020 https://www.adviserinvestments.com/wp-content/uploads/qw1020-will-the-capital-gains-tax-be-raised.mp3 What would it mean for investors if capital gains taxes were increased? Portfolio Manager Charlie Toole discussed potential tax policy changes in our recent webinar,* Looking Beyond the Election to the Recovery’s Future. Please enjoy the excerpt below and click here for the full webinar replay to hear more. * * * * * Charlie Toole: We’ve heard a lot of talk about taxes being higher in the future, and we get this kind of question all the time. Certainly, there’s a plan from one of the candidates, former Vice President Biden, who has pledged to raise taxes if he wins the election. But there are multiple branches of government that determine what the tax policy will be. So, we don’t know what the tax policy will be, but if long-term capital gains taxes are increased, the plan that’s been put forward is that they would rise from 20% to ordinary income rates, which would be up near 40%, for those Americans with incomes greater than $1 million. So, it’s only impacting the top 1% of Americans. Whether long-term capital gains are taxed at 20% or 40%, we are very aware of the gains that are realized in our client portfolios. Our goal as investment managers, and the goal of the portfolio managers that we invest in, is to maximize your returns after taxes. We’ve been doing that for 25-plus years and we’re going to continue to do that in the future as we go forward. * * * * * Click here for a replay of Looking Beyond the Election to the Recovery’s Future. Please contact us at (800) 492-6868 to learn more about comprehensive wealth management solutions. *Webinar recorded after the market closed on Wednesday, October 28, 2020. Disclaimer: This material is distributed for informational purposes only. The investment ideas and opinions contained herein should not be viewed as recommendations or personal investment advice or considered an offer to buy or sell specific securities. Our statements and opinions are subject to change at any time, without notice and should be considered only as part of a diversified portfolio. Mutual funds and exchange-traded funds mentioned herein are not necessarily held in client portfolios. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed. You may request a free copy of the firm’s Form ADV Part 2A, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged. Past performance is not an indication of future returns. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with Adviser Investments Tax Solutions. We do not provide legal advice, nor sell insurance products. Always consult a licensed attorney, tax professional, or licensed insurance professional regarding your specific legal or tax situation, or insurance needs. © 2020 Adviser Investments, LLC. All Rights Reserved.