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That's because capital gains in Denmark aren't really capital gains, they just tax it as income. Short-term capital gains in the US are also taxed according to
by fastball 5y ago
That's because capital gains in Denmark aren't really capital gains, they just tax it as income.
Short-term capital gains in the US are also taxed according to income tax rates, so 37% for the top bracket, which isn't far off 42%.
- ceejayoz 5y agoI can guarantee you Bezos is ensuring his Amazon shares aren't selling as short-term capital gains.
- fastball 5y agoIndeed. But it is not clear to me that Denmark's system of not distinguishing between the two is better than the US system of allowing long-term investments to incur less of a tax burden than short-term speculative gains.