Hazel Blears Blears had been claiming MPs' second home expenses relating to the flat. She had made a £45,000 profit on its sale without paying capital gains tax. On 12 May she volunteered to pay the £13,332 capital gains tax she had avoided on the sale of her second home. It was subsequently claimed that Gordon Brown had ordered her to repay the sum. In Salford she was met by a number of angry protesters and stayed in a local hotel rather than at home. Following an investigation by Sir Thomas Legg, Blears was told to repay £225 in expenses in relation
Capital gains tax in the United States gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) This approach was dropped by the Tax Cuts and Jobs Act of 2017, starting with tax year 2018. <nowiki>*</nowiki> This rate was reduced one-half percentage point for 2001 and one-half percentage point for 2002 and beyond.<br> <nowiki>**</nowiki> There was a two percentage point reduction for capital gains from certain assets held for more than five years, resulting in 8% and 18% rates.<br> <nowiki>***</nowiki> The gain may also be subject to the 3.8% Medicare tax. Capital gains taxes are disproportionately paid by high-income