That's what she said !

BimbimapClinton: marginal or effective?

Didn't I say effective?
Permalink BibimbapClinton 
December 7th, 2017 2:31pm
Yeah did you mean marginal?
Permalink X 
December 7th, 2017 2:34pm
No, effective.
Permalink BibimbapClinton 
December 7th, 2017 2:35pm
I give up. What’s your total income?
Permalink X 
December 7th, 2017 2:37pm
Between 1-15 bitcoins.
Permalink BibimbapClinton 
December 7th, 2017 2:39pm
OK. I give you a range to work with. Let say 17 bitcoins or less.
Permalink BibimbapClinton 
December 7th, 2017 2:46pm
At $170K Federal tax is $37.5
Excluding SS, Medicare.

Effective 22%

Why are you paying so much?
Permalink X 
December 7th, 2017 2:50pm
Capital gains.
Permalink BibimbapClinton 
December 7th, 2017 2:55pm
I have a huge amount of short-term capital gains every year!
Permalink BibimbapClinton 
December 7th, 2017 3:00pm
short term capital gains are taxed at the same rate as your income.
Permalink X 
December 7th, 2017 3:00pm
You get it?  $170K labor income, effective tax is 22%.  $100K labor plus $70 ST cap gains. effective tax is the same.
Permalink X 
December 7th, 2017 3:17pm
That 100K labor must include SS, medicare, and state tax.
Permalink BibimbapClinton 
December 7th, 2017 3:21pm
Oh.
Permalink X 
December 7th, 2017 3:25pm
Oh.
Permalink X 
December 7th, 2017 3:25pm
I feel kind of gassy. Can one of you stop by today to burp me?

Thanks in advance, fellow travelers.
Permalink BibimbapClinton 
December 9th, 2017 12:18pm

This topic is archived. No further replies will be accepted.

Other topics: December, 2017 Other topics: December, 2017 Recent topics Recent topics