> Also, many people are harmed by this tax treatment because a couple making 80k a year pay no tax on the dividend capital gains?
Really? I am only aware that at least long term capital gains tax applies to everyone for qualified dividends.
Really? I am only aware that at least long term capital gains tax applies to everyone for qualified dividends.
For the 2020 tax year, you pay 0% on long-term capital gains if you have total income of $40,000 or less; 15% if you have income of $441,450 or less; and 20% if your income is greater than $441,450.
And they surely would have a significant proportion of assets in bonds yielding a couple percent rather than stocks, so earning tens of thousands in only dividend income is probably super rare.
https://dqydj.com/net-worth-percentile-calculator-united-sta...