Row 57181

Row ID: 57181 | Dataset Entry | Axioma AXP Content Repository

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Ok, so unrealized gains are at the core of the issue with that number. But isn't the tax in question on annual earnings? As in people who are reporting > 1m in income (assumed from salary). Not 0. I don't think these are the same thing. So people who would be paying this tax would pay (state tax + 4%) + fed tax + capital gains (assuming they sell assets at eoy). The sum of those rates encroaches on or can exceed 50%. No?

FieldValue
text Ok, so unrealized gains are at the core of the issue with that number. But isn't the tax in question on annual earnings? As in people who are reporting > 1m in income (assumed from salary). Not 0. I don't think these are the same thing. So people who would be paying this tax would pay (state tax + 4%) + fed tax + capital gains (assuming they sell assets at eoy). The sum of those rates encroaches on or can exceed 50%. No?
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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Raw Record

{
  "text": "Ok, so unrealized gains are at the core of the issue with that number. But isn't the tax in question on annual earnings? As in people who are reporting > 1m in income (assumed from salary). Not 0. I don't think these are the same thing. So people who would be paying this tax would pay (state tax + 4%) + fed tax + capital gains (assuming they sell assets at eoy). The sum of those rates encroaches on or can exceed 50%. No?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1XUkZfa3BHbUU3b0VGQ21uZW1ydGk4Qy1kWm00N1QwejFRS1VMVWtwc0swc081clllQlFBVUFVWnktajJwMmExY09qMXdnUld3WjdtZkhGMmRUVWxJLWc9PQ==",
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}
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