trey on Nostr: FACT CHECK ME HARDER 🫡 ...

FACT CHECK ME HARDER

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quoting note1a7y…ynx5

The capital gains tax is NOT 50%. You’re taxed at your income tax rate on 50% of your capital gains. So let’s say your federal + provincial income tax rate is 35%. You invested $1000 and sold at $2000. The math is .5 * 1000 * .35 = $175, which is an effective cap gains rate of 17.5%.