Capital Gains Taxes in 2021: What Happens After the Election?

Dan Caplinger, The Motley Fool
·4-min read
Capital Gains Taxes in 2021: What Happens After the Election?

Capital gains taxes are one of the most important elements of financial planning for investors, because for those who concentrate on holding stocks for the long haul, capital gains typically make up the lion's share of total return. Both presidential candidates have plans to change the current capital gains tax system, but they would do things in much different ways. Currently, taxes on capital gains depend primarily on how long you own your stock or other investment.