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Capital gains tax to make modest jump for wealthy investors under new law


This news story was published on January 2, 2013.
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WASHINGTON – Congress approved a new tax law Tuesday night that avoids the fiscal cliff for the near-term.

Part of the agreement is a small boost in the capital gains tax paid by wealthy investors.

The old rate was 15%. Then new rate is 20% for those earning more than $400,000 a year ($450,000 if married).

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