Burstar

Burstar, 11 days ago

First, the bump to 66% only happens after 250k that year so $25k would not trigger the extra 16% eligibility. So standard 50% CG only would be applied. $12.5k taxed at your rate means the min rate which may be something like 20% (this number is a wild guess) so say $2500 paid to the gov. Not as bad as it sounds.

Burstar, 11 days ago

A better way to think of it is <$250k 50% of the profit is tax-free. >$250k only 34% of it is tax exempt.

Burstar, 11 days ago

IF it was forced to be in the 66% CG bracket $16.5k would be taxed at the previously posited 20% resulting in $3300 paid to government so it is a respectable jump in tax owed for those being subjected to it.

Burstar, 20 days ago

2023 people.

Burstar, 2 months ago

‘somehow’