If You Want to Index the Capital-Gains Tax, Do It the Right Way

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Use legislation, not executive action.

NRPLUS MEMBER ARTICLE A fter some waffling, it appears that President Trump is again thinking about “indexing” the capital-gains tax.

The case for doing so is simple enough. The tax, of up to 20 percent, applies when you sell investments or property that have appreciated in value, and there is no adjustment for inflation. So if your $100 worth of stock grows to $110 over a certain period, and prices in general rose 10 percent over that same period, you’ll owe tax on a $10 “gain” that is not even real. Tax experts across the political spectrum agree this is not ideal. If we’re going

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