RE:RE:RE:RE:RE:RE:RE:If ELECTED To MAJORITY, PP Should JAIL SENIOR CRA Officials Hey PACKER__You POSTED__
""A worker who makes 111,733 a year will pay 17.7% in federal tax If he happens to also have a 340k on top of that he will pay 14.4% of his 340k capital gain in additional tax...if the inclusion rate goes to up to 66% (for amounts abover 250k) he will pay 15.8%
Somebody PLEASE tell me why capital gains should be taxed at a lower rate than employment income?"" PACKER__Your Numbers
DO NOT MATCH With the RESULTS I HAVE__For the
2023 TAX YEAR
For the 2023 TAX YEAR__I SEE That a Worker Making $111,733 a Year Will PAY a
TOTAL of $16796.55 Federal Tax__
Or 15 %__NOT the 17.7% You POSTED Then IF the Worker Reports a $340K Capital Gain__His
FEDERAL TAX Will Go UP TO
$66549.96__Making For 23.62% on Taxable Income of $281,733.00__
$49753.41 MORE Than the $16796.55 Federal Tax WithOut the GAIN
THUS $49753.41 of EXTRA TAX on the $340K GAIN Means a Tax of 29.27% on That
340K Gain__NOT the 14.4% That You POSTED eh !!!
BUT the