THEY WILL MESS WITH NUMBERS AND this WILL go up and up. We’re all going to be “rich” before we’re poor.
*...........If the Bush tax cuts are allowed to expire, then the marginal rates for upper income individuals will increase, particularly for capital gains income. The chart below reflects the impact of those changes, presented based on implementation of current law effective dates..............
Several special calculations actually increase the marginal tax rates of many upper income individuals. These include the loss of the personal exemption, loss of some itemized deductions and special self-employment tax deductions and rate adjustments. This chart does not reflect those special calculations because their impact will vary from taxpayer to taxpayer.
I’m rich already, LOL.
But this particular part of the AHCA is one of the most misunderstood and misquoted items on FR.
Under current law, very few real estate transactions are going to trigger this tax, and I don’t want any FReeper being scared off from doing something because of it.