That’s already a thing 😒
Short-Term Capital Gains : If you sell an asset that has been held for one year or less, any profit is typically classified as a short-term capital gain. These are usually taxed at your ordinary income tax rates, which can be higher than the rates applied to long-term capital gains.
Long-Term Capital Gains : If you hold an asset for more than one year before selling it and realize a profit, that profit is generally considered a long-term capital gain. Long-term capital gains are often taxed at reduced tax rates compared to ordinary income tax rates. In the U.S., these rates are typically 0%
It’s 0% if your income is tiny.. for most it’s at least 10%
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Do you call $44,625 a year for singles tiny?
Do you call 89,250 a year for jointly tiny?
Yes
Remember; If you earn $44k a year you are in the top 20% of earners globally..
