this post was submitted on 14 Jun 2024
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Thanks for the info, that makes perfect sense. Seems like a good idea to tax people making tons and tons of money at a high rate then!
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.