Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

  • Professorozone@lemmy.world
    1·
    9 months ago

    Capital gains IS progressive. Short term capital gains are taxed as ordinary income. Long term capital gains are taxed according to income bracket and range from 0% to 20%. This year to qualify for the 0% tax bracket a single person would have to make less than approximately $47k. Hardly rich.

    • darthskull
      1·
      9 months ago

      We’re talking about unrealized gains. Currently only realized gains are taxed.