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re: How much wealth do you need to join the 1% club in your country?
Posted on 2/29/24 at 11:21 am to fareplay
Posted on 2/29/24 at 11:21 am to fareplay
quote:
Elon at one point made no income but was worth billions
and has still paid more in taxes than anyone in American history
the highest short-term capital gains tax rate is just as high as the highest income tax bracket rate (37 percent)
1
Posted on 2/29/24 at 11:22 am to Bunsbert Montcroff
He paid the most because he earned the most (in some years) but it wasn’t proportional to his wealth
Also short term cap gains only applies to poorer people. Wealthy would hold
Also short term cap gains only applies to poorer people. Wealthy would hold
This post was edited on 2/29/24 at 11:25 am
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