rightwinger
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How did families own homes before 1938?Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.
- For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
- If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
- For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.
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Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos
Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.turbotax.intuit.com
Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.
---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,
NOT in the USA.
They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.
Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.
But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.
A $4,000 home?