Capital gains is 38 percent now?Ouch.
its broken down by several different factors...38% is top personal income rate..not cap gains
25% recapture rate....since he has never depreciated this item that won’t apply
20% on anything over I think 400K jointly
nearly 4% strictly Obamacare tax...yep...folks dont know that
so effective 25% rate pretty much
Obama raised cap gains 58%...huge...what a dick!
I just did a large for me trust oriented deal...even after wiggling like crazy I still paid over 20% tax...and I had huge loss carryforwards
both parties tax...Dems just drunk with it