[quote=SK in CV][quote=flu][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..

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

I’m not sure how that’s ironic. Higher income, higher tax.[/quote]

$500k AGI in which most of it is from wages versus
$500k AGI in which most of it is from capital gains, and in both scenarios, they are taxed differently where the former ends up being more than than the later

Don’t you think that is kinda ironic, considering the entire purpose is to tax the rich more where as wealth accumulation by rich(er) people have been more rampant via capital gains versus “wage” income?