Pretty sure ths already happens for the upper middle class

Pretty sure ths already happens for the upper middle class
by catripledomer (2024-02-19 19:45:04)
Edited on 2024-02-19 19:45:28

In reply to: I'm not sure if it would increase or decrease revenue, but posted by Tex Francisco

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People who hit AMT pay tax on investments at their marginal tax rate. Only those who fall below or above the AMT threshold pay the ST and LT capital gains rates.

Replies:

No it doesn't - OrangeJubilee 2024-02-20 09:30:39
- It seems incorrect to include SS and Medicare in this - catripledomer 2024-02-20 10:29:00
  - Yes, treat same as wages and uncap SS * - OrangeJubilee 2024-02-20 14:04:45