[quote=SK in CV]Like most all other income taxes, I’m sure it will be a marginal increase. There won’t be a $40K increase in taxes with a $1 increase in income.
And I thought we were talking about the really rich. Those with income of $.5 million even without selling something big. They’ll get hit with it every year.[/quote]We’ll just have to wait and see. Since neither of us have seen the proposal, there’s no point is assuming.
$500k/year as a couple ain’t that rich. You’re talking about a husband/wife Sr. Director level or a couple of doctors or a couple of dentist, etc. These are not the really rich. The really rich are the CEO type who take $0 salary and everything as stock. They’re the one who can pick and choose when to sell and how much to sell. A couple of W2 working stiff aren’t the same as a couple of CEOs making millions.
