It was only when I was helping my parents with their taxes this year that I learned that (a) the capital gains tax rate had gone up from 15% to 20%, and (b) there was now an additional Obamacare surcharge of 3.8%, making the total tax rate 23.8% instead of 15%.
“If you like your money, you can keep your money.”
Hey good for them.
That means taxable income > $465,000
I applaud their success!