Pat Kelly on Questions Passed as Orders for Returns

With regard to the proposal to increase the capital gains inclusion rate to two-thirds for certain taxpayers: (a) how many taxpayers realized capital gains of $250,000 or more in each tax year from 2003 to 2023 inclusively; (b) how many of the taxpayers in (a) realized capital gains of $250,000 (i) once, (ii) twice, (iii) more than twice, (iv) every year; and (c) how many of the taxpayers in (b) were in the (i) first (lowest) income tax bracket, (ii) second tax bracket, (iii) third tax bracket, (iv) fourth tax bracket, (v) fifth tax bracket?