Re:The Dollar Is Dead
by crooked-v on Sunday August 03, 2025 @05:02PM
(#44779783)
The US is a long way away from trying to "soak" anyone. We have a top rate on long-term capital gains of 20%.
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That's pretty average (which is a good thing).
Japan: 20%
China: 20%
India: 13%
UK: 24%
Italy: 26%
Germany: 26%
France: 30%
Then there's Canada of course... 50% with a proposal to make it 66% in 2026. Let's see how that works out!
Isn't it a 50% inclusion rate for capital gains in Canada? That works out to a maximum tax rate of 27% in the top tax bracket. And they canceled the proposed increase to a 66% inclusion rate, which is probably smart considering how a ton of rich Canadians already move to Florida.
Thank you for the correction.
Yes that's correct.
You should include state taxes, which in CA's case tops at 13.3% and 3.8% NII, bringing the total to 37.1%.
Re:The Dollar Is Dead
by lern_too_spel on Monday August 04, 2025 @11:43PM
(#44794119)
Not that increasing taxes on capital gains is the way to go, but America's wealthy aren't going to move to China or India.
With NIIT, it's an additional 3.8% on top of that (for the highest income filers). So 23.8%.
https://www.irs.gov/newsroom/questions-and-answers-on-the-ne...