Re:We are publishing the tax secrets of the .001%
by dragonwriter on Tuesday June 08, 2021 @11:37PM
(#27443954)
> It's both a magic number and a threshold
Its a threshold, but not one below which capital gains stops mattering, which was the significance falsesly ascribed to the “magic number".
If you had cited the bottom of the 15% bracket instead of the top as the magic number below which cap gains don’t matter, well, “magic” would still be overdramatic but you would at leaast have something of a point. But that’s close to an order of magnitude lower.
Re:We are publishing the tax secrets of the .001%
by HWR_14 on Wednesday June 09, 2021 @12:14AM
(#27444156)
It's also irrelevant as I called out in my post. The question was "how do we tax average people making a windfall of 500k", not "let's talk exclusively long-term capital gains"
Its a threshold, but not one below which capital gains stops mattering, which was the significance falsesly ascribed to the “magic number".
If you had cited the bottom of the 15% bracket instead of the top as the magic number below which cap gains don’t matter, well, “magic” would still be overdramatic but you would at leaast have something of a point. But that’s close to an order of magnitude lower.