Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by ericmcer on Monday September 13, 2021 @04:50PM
(#28516700)
I was really hoping it would target people with like ludicrous incomes, like 2m+ a year or something, going after 480k+ is grabbing high performing professionals as well, doctors, lawyers, engineers, successful small businesses, etc.
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Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by dghlsakjg on Monday September 13, 2021 @05:27PM
(#28517106)
The overall median income for all full-time workers in the USA is $39.5k. For full-time with a doctorate it is $79k. I think that 5-10x the median income of any education group is an ok place to pay higher capital gains.
$480k puts you more than $100k into the top 1%...
Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by ergocoder on Monday September 13, 2021 @06:37PM
(#28517817)
But these high earners already pay fair share of tax.
I thought we would target billionaires, no?
Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by thatcat on Tuesday September 14, 2021 @09:27AM
(#28524440)
maybe it should be based on net worth and not income
Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by mbfg on Monday September 13, 2021 @11:05PM
(#28519734)
how did you determine "fair share"
Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by whateveracct on Monday September 13, 2021 @07:08PM
(#28518088)
If you make 500-600k, you aren't going to feel this _that_ much..it's a tax bracket after all. So this does target 1-2m earners.
Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan
by vineyardmike on Monday September 13, 2021 @05:03PM
(#28516847)
Thats the sweet spot of cash to lose without impoverishment or negative impact but not so much cash to fight it or evade it.