Restore top personal income tax rate to 39.6% and restore top bracket to pre-Trump level.$33.1
Eliminate the low personal income tax rate for capital gains and dividends for taxable income exceeding $1 million$142.5
Behavioral effects of higher taxes on capital gains$ -79.9
Make permanent the business loss limit (no revenue effect until after 2026)$0.0
Total Impact of Top Rate Increase and Capital Gains Changes$95.7
Revenue Provisions with Uncertain Impact
Limit the exemption for capital gains on assets left to heirs (taken into account only for behavioral effects shown above)
End like-kind exchanges gains over $500,000
Close carried interest loophole
Close loophole in 3.8% taxes related to health care