[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.
