Old 02-11-2019, 12:11 PM
Admirals Club Admiral's Club Member
Join Date: Jan 2016
Location: Charleston, SC
Posts: 258

Originally Posted by joe.giuliano View Post
The real rich don't pay w2 type income tax. It is sheltered in some way or it is cap gains ans dividends, 20% max.
yes, but we used to treat the top 1%, .1 and .001% differently. There is a lot of difference between earning $500k and $50m but to the IRS it is the same, no difference in marginal rate.
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