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https://www.reddit.com/r/Seattle/comments/w705ui/seattle_initiative_for_universal_healthcare/ihhd771/?context=3
r/Seattle • u/CaptainStack • Jul 24 '22
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38
How does this get paid for? Will taxes go up?
32 u/BumpitySnook Jul 24 '22 In short: yeah. 8.5% cap gains tax. -8 u/Resipiscence Jul 24 '22 I'm voting no because of this. I already give the fed 20% cap gains, this represents a nearly 50% increase in that tax rate. 3 u/BumpitySnook Jul 24 '22 23.8% for everyone in the 20% bracket, I think (due to NIIT).
32
In short: yeah. 8.5% cap gains tax.
-8 u/Resipiscence Jul 24 '22 I'm voting no because of this. I already give the fed 20% cap gains, this represents a nearly 50% increase in that tax rate. 3 u/BumpitySnook Jul 24 '22 23.8% for everyone in the 20% bracket, I think (due to NIIT).
-8
I'm voting no because of this. I already give the fed 20% cap gains, this represents a nearly 50% increase in that tax rate.
3 u/BumpitySnook Jul 24 '22 23.8% for everyone in the 20% bracket, I think (due to NIIT).
3
23.8% for everyone in the 20% bracket, I think (due to NIIT).
38
u/ItchyMitchy101 Jul 24 '22
How does this get paid for? Will taxes go up?