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A capital gain is the difference between the price received from selling an asset and the price paid for it. An asset can be a home, a farm, a ranch, a family business, or a work of art, for instance
A '''Capital-gains Tax''' is a fee on the sale of [[stock]] or [[real property]], generally computed as a percentage of the thing's increase in value (or "gain"). America is divided over what this percentage (or "rate") ought to be.
A '''Capital-gains Tax''' is a fee on the sale of [[stock]] or [[real property]], generally computed as a percentage of the thing's increase in value (or "gain").<ref> "A capital gain is the difference between the price received from selling an asset and the price paid for it. An asset can be a home, a farm, a ranch, a family business, or a work of art, for instance." [http://www.econlib.org/library/Enc/CapitalGainsTaxes.html Capital Gains Taxes: The Concise Encyclopedia of Economics] - Library of Economics and Liberty </ref>
America is divided over what this percentage (or "rate") ought to be.
Those who want the rich to pay their "fair share" usually advocate raising the tax rate as high as possible; this group generally consists of Democrats.
Those who want the rich to pay their "fair share" usually advocate raising the tax rate as high as possible; this group generally consists of Democrats.