|
In response to
"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 "
by
pmb
|
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)
Posted by
znufrii
Apr 23 '21, 13:33
|
And this would only apply for income above $1 million, from what I’ve read elsewhere.
|