Let's just put this to bed...
My example stands.
The original scenario/example clearly stated a tax rate of 47%
Case A: NO realisation of gains
Case B: Realisation of gains, noting 47% tax rate as per the stated scenario!
This may not apply to you, but I never claimed that it did!
(perhaps it applies to me, or some others here... I'm sure it does btw)
All I originally stated was that the tax rate for the example was 47%.
Indeed, in such case, as shown clearly above, the additional amount payable at tax time on the $100k realised gain is $47k or 47%.
"marginal tax rate is irrelevant" ??
Hardly.
Case closed.
Instead of taking me up on the original offer of tweaking some parameters to investigate other scenarios, some chose to argue that what I posted was nonsense/wrong/irrelevant etc...
LOL
2021 Charts, page-3299
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