The capital gains tax applies only to individuals and profits above $250,000 per year, according to the state’s Department of Revenue. The tax does not apply to real estate or assets held in retirement accounts.
As with every single historical case ever, "for now". Sure, now it's 250k/year. 5 years from now, it will be 200k per year (assuming we don't Weimar our way to 250k being minimum wage), then 100k, then everyone.
As with every single historical case ever, "for now". Sure, now it's 250k/year. 5 years from now, it will be 200k per year (assuming we don't Weimar our way to 250k being minimum wage), then 100k, then everyone.
That's like an obese landwhale telling you she'll only eat a spoonful of that tub of ice cream. Do you really believe it?
Yes. Her spoon is bigger than a bucket loader, though.