3 ms·
I guess it depends on your definition of rich, a married couple is allowed up to half a million dollars in 15% capital gains. Not exactly “middle class.” If yo
by pembrook 8y ago
I guess it depends on your definition of rich, a married couple is allowed up to half a million dollars in 15% capital gains. Not exactly “middle class.”
If you and your wife took $1 million in cap gains every year you’d still only be paying 17.5% tax. Again, not exactly middle class.
Also, we have no inheritance tax up to $10 million dollars. The idea that even a sizable minority of rich people are “hiding” their money abroad is not true. Especially with FATCA.