Quote:
Originally Posted by Leondros
* On anything over $250K of annual capital gains. Anything below stays at that 50% rate.
The government estimates it will apply to only 0.13 per cent of personal income tax filers and just 12 per cent of corporations.
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That's a synthetic estate tax when you think about it. When do people not in the 0.13% have over $250k in capital gains in a year? Basically deemed disposition upon death.