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d3ming t1_jdlj30y wrote

So far no one on this thread actually explained how this tax works. ie in what case would I be taxed due to this vs how it was before?

Edit: answering my own q after some research - cap gains over 250k would be taxed at 7%. examples:

  1. 249k of gains would have no tax
  2. 250100 would have 7 dollar of tax (7% of 100 which is over the 250k limit)
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