[quote=SK in CV][quote=flu]No I was referring to the convoluted way the 20% cap gain rate is determined[/quote]

That’s not a tax on the rich. It applies to everyone.[/quote]

20% tax rate applies only to MAGI folks above $400k/450k. The rest still are at 15% level.

How is this not a tax on the wealthier..

[quote]
Capital gains tax preferences should be repealed in their entirety. Given the current economic conditions, there’s no good reason to tax profit from capital at a lower rate than income from working.
[/quote]

Fine by me. Again, my point was the irony in the rules for how the 20% cap gain tax rate kicks in…