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A comment on Peter Thiel To Join Trump Transition Team. Parent comment

Re:Peter Thiel To Join Trump Transition Team by finiter on Friday November 11, 2016 @02:31AM (#12928717)
Help me figure this out. Romney earned $13.7 million and paid $1.94 million in taxes. That's 14% (1.94/13.7), but you're saying doesn't account for the charitable donations. So then the formula would be 1.94/(13.7-4), right? A 20% rate?
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Re:Peter Thiel To Join Trump Transition Team by ericd on Friday November 11, 2016 @04:36AM (#12929218)
That would be the top federal tax rate on long term capital gains, so sounds correct.
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Re:Peter Thiel To Join Trump Transition Team by jacobr1 on Friday November 11, 2016 @08:46AM (#12930538)
presto: the top cap gains rate is 20% once you hit the 39.6% tax bracket (for income).
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Re:Peter Thiel To Join Trump Transition Team by presto8 on Friday November 11, 2016 @07:57AM (#12930148)
The top federal rate on long term capital gains is 15%.
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Re:Peter Thiel To Join Trump Transition Team by smsm42 on Friday November 11, 2016 @07:16AM (#12929944)
That sounds good, yes.
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