SMF - Just Installed!
Quote from: caskur on Today at 10:37:03 AMThere is a movement on led by Meghan Markle and her dumbo husband Hapless Harry to censor everyone including your American right to free speech.
Quote from: DKG on Today at 07:21:02 AMI never said they did, did I. I was explaining how flat fees(as doctors charge in Australia and Canada for certain services) are fair, but a percentage of income charge with no ceiling is not.
Quote from: Lokmar on April 29, 2024, 09:26:08 AMI hope when elections come up, you guys vote these assholes out!
Quote from: reaps the honest on April 29, 2024, 11:10:08 AMFreud acts like he's some high authority on these jabs lulz.
Quote from: Lokmar on April 29, 2024, 09:32:32 AMThe biggest difference is when I smoked, I chose it. I wasnt bullied into it, I wasnt treated as an outcast if I didnt smoke, my job didnt insinuate that I might be fired if I didnt smoke.
Quote from: reaps the honest on April 29, 2024, 11:10:08 AMFreud acts like he's some high authority on these jabs lulz.
Quote from: TheProwler on Today at 04:11:55 AMThat video is misleading.
Historically, Capital Gains have only been taxed at 50% of the rate as regular income. So if you made $X in Capital Gains, you were taxed as if you have regular income of $X/2. Say your marginal tax rate was 30%. This would mean the effective tax rate on Capitals Gains was 15%.
This new rate of 67% is only applied on Capital Gains realized over $250K. Anything before that is still taxed at 50% of the tax rate you will pay on regular income.
In my province, the highest marginal tax rate (for provincial plus federal income tax) is 46.16%. So the most a person will pay on Capital gains is 23.08% on the first $250K, and 30.92% on the amount over $250K.
Make sense?
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