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Old comment here, but I was assuming not just income tax to increase, but also to have capital gains, dividends, etc to be taxed at 70%. Current cap there is 20
by ac29 5y ago
Old comment here, but I was assuming not just income tax to increase, but also to have capital gains, dividends, etc to be taxed at 70%. Current cap there is 20%, per my understanding, and a substantial amount of wealthy person's income is taxed at these favorable rates.