Capital Gains Tax Rate Set at 25% in House Democrats’ Plan

Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan by whateveracct on Monday September 13, 2021 @07:09PM (#28518098)

> Its a marginal tax, so it won't even affect engineers making $500k, unless they cash in on a windfall.

Arguing this point is apparently a lost cause. It's how taxes have always worked in the US, but despite that you still have clearly educated high earners flipping out when they see a bracket start at nearly $500k as if the new marginal rate is going to gut them.

People love their money and always want more of it. Just admit it, people. I like mine too!

[ Parent | on HN ]

Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan by seanmcdirmid on Monday September 13, 2021 @10:42PM (#28519585)

I'm always really surprised how many people don't understand marginal taxation. Also, how tax rates are graduated tax could mean that someone could pay less in taxes in California than in Alabama (for low earners) is completely alien to them.

[ Parent | on HN ]

Re:Capital Gains Tax Rate Set at 25% in House Democrats’ Plan by ergocoder on Monday September 13, 2021 @09:23PM (#28519071)

This convo also doesn't address fairness. It never addresses fairness.

It is simply "you won't die without less money. Therefore, you must pay more".

[ Parent | on HN ]