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Pete F. · 10-04-2021, 01:59 PM

Rounding error #3

Income for the top 20 is 9 Trillion, I'm not looking for the defined numbers

The overwhelming majority of realized capital gains go to the highest income households. In 2018, the top 1 percent of households ranked by income obtained 69 percent of realized long-term capital gains; the top 20 percent received 90 percent of the gains.

the tax rate on realized capital gains is lower than the tax rate on wages, if the asset was held for at least a year before selling. Realized capital gains face a top statutory marginal income tax rate of 20 percent plus a supplemental net investment income tax rate of 3.8 percent, for a combined total of 23.8 percent. Wages face a top marginal tax rate of 37 percent, plus a Medicare tax rate of 2.9 percent and a supplemental tax of 0.9 percent, for a combined rate of 40.8 percent.

10-04-2021, 01:59 PM	#155
Pete F. Canceled Join Date: Jun 2003 Location: vt Posts: 13,069	Rounding error #3 Income for the top 20 is 9 Trillion, I'm not looking for the defined numbers The overwhelming majority of realized capital gains go to the highest income households. In 2018, the top 1 percent of households ranked by income obtained 69 percent of realized long-term capital gains; the top 20 percent received 90 percent of the gains. the tax rate on realized capital gains is lower than the tax rate on wages, if the asset was held for at least a year before selling. Realized capital gains face a top statutory marginal income tax rate of 20 percent plus a supplemental net investment income tax rate of 3.8 percent, for a combined total of 23.8 percent. Wages face a top marginal tax rate of 37 percent, plus a Medicare tax rate of 2.9 percent and a supplemental tax of 0.9 percent, for a combined rate of 40.8 percent.
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