United States | News & Politics

7192 readers

1258 users here now

founded 4 years ago

MODERATORS

pangyuehung@lemmy.ml

yogthos@lemmy.ml

139

Washington's capital gains tax collects $850 million, over three times the estimates (www.king5.com)

submitted 1 year ago by MrPhibb@reddthat.com to c/usa@lemmy.ml

13 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] WetBeardHairs@lemmy.ml 2 points 1 year ago

Yeah, I dislike the simplification that brings it down to just two sets of brackets. It really just needs to be an easily tuneable continuous function of profits and time. If you make a fuckton of profit, you'll pay a fuckton of tax. If you wait longer, you pay less tax. If the profit is small enough, guess what? No tax. So the middle class day traders wont lose their ass and they can have some fun. But the whales are going to have to fear Captain Tax Man Ahab, regardless of if they wait 6 months or not.

But I dont make the laws. Wallstreet does.