President Trump posts August 11 post on reported capital gains tax-cut talks

The screenshot included a proposal to adjust capital gains for inflation before calculating taxes, suggesting Trump is considering changes to the levy.

Summary

President Trump posted a screenshot of an August 11 post about reported discussions over cutting capital gains taxes. The material included indexing capital gains for inflation, meaning adjusting gains for price increases, before calculating the tax owed. The post said the development appeared to show that President Trump is actively considering capital gains tax cuts.

Terms & Concepts
  • Capital gains tax: Tax charged on profits from selling assets
  • Indexing capital gains: Adjusting gains for inflation before taxation