Tax RateCapital Gains Income0%$40,40015%$445,85020%$1,000,00039.60%$1,000,000+Sample Capital Gain (1Y)Amount Taxes Paid BeforeAmount Taxes Paid After$50,000$1,440$1,440$100,000$8,940$8,940$200,000$23,940$23,940$400,000$53,940$53,940$800,000$131,647$131,647$1,600,000$291,647$409,247$3,200,000$611,647$1,042,847$6,400,000$1,251,647$2,310,047Oh man, so many little guys gonna get screwed by this! /s
Submitted April 23, 2021 at 04:34AM
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