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Re: funnygi2 post# 351624

Saturday, 08/21/2021 3:05:33 PM

Saturday, August 21, 2021 3:05:33 PM

Post# of 425966
I see what you're saying - the LTCG tax rate literally disappears if that proposal passes (no chance in hell), and your taxes will be based on the ordinary income tax brackets - I was thinking the LTCG rate would still exist, but be increased as high as 39% - but same affect for the two different tax laws, doesn't really matter which one applies. If they actually try to impose that rate for earnings/cap gains > $400k, which IIRC is the current proposal (married or single?), there is literally zero chance it passes - even if they raise the limit to $1M I doubt it passes with a max 39% rate - remember, Congress would be imposing those taxes on itself too.

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