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Message
re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains
Posted on 4/26/24 at 2:10 pm to UltimaParadox
Posted on 4/26/24 at 2:10 pm to UltimaParadox
quote:
While it will never pass, It required an income over 1 million and an invest income over 400K.
That is very very small set of people.
It's actually not. A working couple with 2 professionals (like 2 doctors) can easily be making that. That's where we are. What makes it worse is that we are both straight w2. No fancy accounting tricks, just pay a frick ton of taxes.
1
Posted on 4/26/24 at 3:27 pm to GEAUXT
quote:
It's actually not. A working couple with 2 professionals (like 2 doctors) can easily be making that.
Considering that is per person.. So you guys are making 1 million in taxable W2 income, and collecting over 400K in qualified dividends and interest? Which obviously does not include tax advantaged accounts.
That is a very very small set of people no matter how you slice it.
I am not saying it is good thing. This idea will never see the light of day, it is purely political theater. But yeah we are talking about a very small set of people.
Most wealthy people are not pulling in 1 million of W2 income a year, on purpose.
This post was edited on 4/26/24 at 3:28 pm
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