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I don't buy that the reversion to income tax should happen on high percentage gains if the absolute gains are low. I think the tax could be made even more progr
by carver 5y ago
I don't buy that the reversion to income tax should happen on high percentage gains if the absolute gains are low. I think the tax could be made even more progressive. Something like:
The first $500k of capital gains get current cap gains treatment. After that, all gains are taxed as regular additional income.
- lightgreen 5y agoThis is gross double taxation: they already paid taxes when they earned the money you are investing, and you are suggested taxing them again at high rate.