ST Alpha - "I hadn't heard that rate for the capital gains tax. I have to say I don't really understand taxing it at a higher rate than the highest income tax " (Reading a Post)

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In response to ""eye-popping"! -- (link)" by Reagen

I hadn't heard that rate for the capital gains tax. I have to say I don't really understand taxing it at a higher rate than the highest income tax

Posted by pmb (aka pmb) Apr 23 '21, 13:28

rate.

Responses:

also the cap gains rate is only on those with $1m of earnings. -- nm - Reagen Apr 23, 13:40
That percentage takes into account the investment income tax as well as the marginal rate which would go to 39.6%, same as regular income would go up to -- (edited) - znufrii Apr 23, 13:33
Because the marginal income tax rate is barely an inconvenience for the wealthy since they can drop their effective rate to - TWuG Apr 23, 13:31 1
- I don't necessarily agree with your first statement (at least other than the super wealthy and this would affect many below that level). On the second - pmb Apr 23, 13:35

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