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Raising those rates would have very little impact for retirees as many are in the 15%-25% marginal tax brackets as it is.
by gnopgnip 11y ago
Raising those rates would have very little impact for retirees as many are in the 15%-25% marginal tax brackets as it is.
- JoshTriplett 11y agoIf you're in the 15% or 25% marginal tax bracket for income, you're in the 0% or 15% long-term capital gains tax bracket (respectively). That's a 15% or 10% tax hike, which is much more than "very little impact".