Capital Gains

See  2024 Economy Up-date

 


 

 

How US Ran federal budget deficits/surpluses/deficit from 1990 to 2004

  • 1990: $221.0 billion
  • 1991: $269.4 billion
  • 1992: $290.4 billion
  • 1993: $255.1 billion
  • 1994: $203.2 billion
  • 1995: $164.0 billion
  • 1996: $107.5 billion
  • 1997: $21.9 billion 
    1997 Long-Term Capital Gains: reduced from 28% to 20%
    lower incomes effectively reduced to 10%
  • 1998: $0 (balanced budget)
  • 1999: $—125.6 billion (surplus)
  • 2000: $—236.4 billion (surplus)
  • 2001: $—128.2 billion (surplus)
  • 2003 Long Term Capital Gains reduced from 20% to 15% (most) and 5% (low income)

    2003 $378

    2004, $413

First capital gains reduction drained most potential gains from lower taxes.

  Capital Gains
Collected