> 10% long-term capital gains
That is not the long-term capital gains rate in the US.
That is not the long-term capital gains rate in the US.
That flat tax rate certainly scales nicely the wealthier you happen to be, paying a max of 20% if you hold for more than a year and decide to cash in on this now several year massive run up in the markets.
If I invest my paycheck in the market, that money was already taxed at 30-40%. Now I make a dollar in the stock market , and it's taxed again at 20%.
This get ridiculous fast.