For years, the top tax rate on long-term capital gains was 15%, so certain tax-deferral techniques waned in popularity. That’s no longer the case.
“Taxpayers in the top tax bracket now owe 20% on long-term gains as well as the 3.8% Medicare surtax on net investment income,” says Chris Noland, principal and client strategist at Norfolk, Virginia-based Signature, an independent family office. “We’re starting to see more interest in charitable remainder trusts for donations of highly-appreciated assets, usually publicly-traded securities.”
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