Some one else that has never heard of supply and demand as far as employment aspects are concerned. Supply and demand largely relates goods sold but it's labour forces that produce the goods. Over producing just leaves the goods lying around as there is no one available to sell them to.
not really - retired when I was 52Bitter then
think I have done about 50,000 miles on the bike since then - and somewhat unsuccessfully trying to be a cabinet maker
You found out wrong.
Go back to work then. You can work til 67. Too many people thinking they don't have to work hard.
You may have missed out on some of his posts about work and workers
| FILING STATUS | 0% RATE | 15% RATE | 20% RATE |
|---|---|---|---|
| Source: Internal Revenue Service | |||
| Single | Up to $44,625 | $44,626 – $492,300 | Over $492,300 |
| Married filing jointly | Up to $89,250 | $89,251 – $553,850 | Over $553,850 |
| Married filing separately | Up to $44,625 | $44,626 – $276,900 | Over $276,900 |
| Head of household | Up to $59,750 | $59,751 – $523,050 | Over $523,050 |
Have I said those things in this thread? Clearly I must have given that impression, which was not intended.So, you're knocking people as lazy and workshy, for doing 2/3 of the hours per week that you reckon you did.......
..... but you only did 2/3 of a working lifetime.
as per my shorter version. Capital gains on assets held for more than one year is not treated as income.
- Short-term capital gains tax is a tax applied to profits from selling an asset you’ve held for less than a year. Short-term capital gains taxes are paid at the same rate as you’d pay on your ordinary income, such as wages from a job.
- Long-term capital gains tax is a tax applied to assets held for more than a year. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate.
FILING STATUS 0% RATE 15% RATE 20% RATE Source: Internal Revenue Service Single Up to $44,625 $44,626 – $492,300 Over $492,300 Married filing jointly Up to $89,250 $89,251 – $553,850 Over $553,850 Married filing separately Up to $44,625 $44,626 – $276,900 Over $276,900 Head of household Up to $59,750 $59,751 – $523,050 Over $523,050
However, you’re still liable for capital gains taxes on anything you purchase and resell for a gain.For example, if you sell artwork, a vintage car, a boat, or jewelry for more than you paid for it, that’s considered a capital gain.
Property such as real estate and collectibles, including art and antiques, fall under special capital gains rules. These gains specify different and sometimes higher tax rates (discussed below).
And don’t forget that if you’ve sold cryptocurrency such as bitcoin for a gain, then you’ll also be liable for capital gains taxes.
In addition, those capital gains may be subject to the net investment income tax (NIIT), an additional levy of 3.8 percent if the taxpayer’s income is above certain amounts. The income thresholds depend on the filer’s status (individual, married filing jointly, etc.) and are not adjusted for inflation.
Meanwhile, for short-term capital gains, the tax brackets for ordinary income taxes apply. The 2023-2024 tax brackets are 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.
LOL they don't discuss the odd balls as the above suggests. It does mention pension investments
2024-2025 Long-Term Capital Gains Tax Rates | Bankrate
Long-term capital gains are taxed at a lower rate than short-term gains. In a hot stock market, the difference can be significant to your after-tax profits.www.bankrate.com
You might notice that like their income tax it's very progressive. Trump changed some of the factors but those changes end next year. Biden appears to think that Trump's adjustments puts too much to people that don't need it.
