Re:America's billionaires pay an average income tax rate of ...
by PaulDavisThe1st on Thursday September 23, 2021 @11:04PM
(#28638174)
> Your taxes may increase, decrease or stay the same.
That's because your actual taxes depend on the "millage rate" (i.e. dollars of tax per dollars of value) which can be adjusted at every budget cycle. That's equivalent to lowering (or raising) the capital gains tax - just because you realized $100k in CG every year, "your taxes may increase, decrease or stay the same".
That's because your actual taxes depend on the "millage rate" (i.e. dollars of tax per dollars of value) which can be adjusted at every budget cycle. That's equivalent to lowering (or raising) the capital gains tax - just because you realized $100k in CG every year, "your taxes may increase, decrease or stay the same".