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Re: martin knight post# 256

Sunday, 09/08/2002 9:21:43 AM

Sunday, September 08, 2002 9:21:43 AM

Post# of 495952
The supper capital gain rate is half the normal long term capital gains, which right now, I believe is at 20%, thus the 10%. But you are right, he cannot have more than $10 MM per year in super capital gains (g). The point I was trying to make however is that the middle class with earned income just around the Max taxable for SS purposes, pays the highest overal tax rate, much higher than the like of Gate.

Zeev


AZH

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