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Even long term capital gain for “the investment class” is more like 20%. This is not even a capital gain - this is straight income at 35+
by harikb 5y ago
Even long term capital gain for “the investment class” is more like 20%. This is not even a capital gain - this is straight income at 35+
- SilasX 5y agoLTCG tax for the rich is more like 23.8%, when you include the net investment income tax of 3.8% (which I had two financial advisors miss). Plus state income taxes. https://www.schwab.com/taxes/net-investment-income-taxes https://www.schwab.com/taxes/net-investment-income-taxes