The 'You-Make-A-Lot-of-Money Tax' Hits More Americans

[A HERETIC I AM]

3. Good.

3.8% tax on $100,000 income from an investment that resulted in that $100k gain is $3,800.

$38,000 on a million.

Oh my, how could I possibly survive with the paltry $962,000 I made in profit selling that Bond/ETF/Muni/Stock position?

I appreciate you posting the article, but like many from this source, it’s a ‘THE SKY IS FALLING” kind of thing that only billionaires really give a fuck about.

How many people do you know that are going to be seriously affected by this tax?

And even if it is on top of the highest marginal rate, I find it difficult to garner sympathy for people who might find this sort of thing a concern.

If you made a million dollars selling an investment, and the government taxes you $40,000 on that million, YOU STILL MADE MORE IN A YEAR than most Americans make in 10.

Sorry to rant, but not sorry,