How worried are you about the capital gained tax?
34% tax on anyone making just a bit over one million dollars |
Well right now long term capital gains are taxed at 0% Up to $63,000 15% $63,001 to $551,350 20% Over $551,350 Many very rich people make their money through cap gains and pay under 20% tax rate. Cap gain should be taxed as normal income. Time to stop letting the government pick winners and losers. |
Biden is proposing 44.6 percent tax on capital gains |
marginal tax and thresholds are your friend here. |
I’m well aware, but thanks for trying. |
I can’t vote for him, if I ever become rich I’ll
Be paying that |