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.
The initial proposals were on 25k a year. They walked it back to 250k, and now that they got the Court's stamp they'll be moving the line back to 25k with a quickness.
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.
The initial proposals were on 25k a year. They walked it back to 250k, and now that they got the Court's stamp they'll be moving the line back to 25k with a quickness.