NightWalk77 t1_iudvmjj wrote on October 30, 2022 at 4:16 PM

Duh! if you're making over 1,000,000 a marginal tax of 4% on anything over that is not going to affect you much.

vikaasa t1_iuezsbb wrote on October 30, 2022 at 8:42 PM

The point is they may not be making a million every year, it may be a one off sale of their only home (life savings).

NightWalk77 t1_iufmowe wrote on October 30, 2022 at 11:21 PM

Then they only pay the 4% marginal tax rate once for what ever is over the million. Most homes do NOT sell for over a million. This does NOT tax savings.