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A comment on Biden eyeing tax rate as high as 43.4% in next economic package. Parent comment

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by gher-shyu3i on Thursday April 22, 2021 @02:39PM (#26906372)
> ...For those making 1M / yr or more.

Does that mean if someone makes $1M of capital gains and has no other job, he'll get taxed at the high rate?

[ Parent | on HN ]
Re:Biden eyeing tax rate as high as 43.4% in next economic p... by ac29 on Thursday April 22, 2021 @05:53PM (#26908643)
The new rules have not been written, voted on, or enacted, so who knows. But under the current law, yes, capital gains count towards your total income.
[ Parent | on HN ]