Capital gains
The profit from selling something you own, such as stock or real estate, for more than you paid. A capital gains tax is a tax on that profit.
Plain meaning written by PSI Sci editors from the linked source. Source: Legal Information Institute (Cornell Law School), Wex
Also written: capital gain, capital gains tax
Measures that use this word
- H.R. 9064: To amend the Internal Revenue Code of 1986 to temporarily increase the capital gains exclusion for any qualifying senior who sells a principal residence during a qualifying year, and for other purposes.
- H.R. 8591: No Capital Gains Tax on Family Farms Act
- S. 2047: No Capital Gains Allowance for American Adversaries Act
- S. 930: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans.
- H.R. 1857: Capital Gains Inflation Relief Act of 2025
- S. 798: Capital Gains Inflation Relief Act of 2025
Record capital-gains