Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2026 Poal.co

1.1K

Once again, it's time for the FNGT!

If you don't know how this works, . That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down.

NOTE: That site is by invitation only. If you want an invite, and you're a regular participant, then just ask COF, Crazy, or myself.

If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only.

Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then .

**Once again, it's time for the FNGT!** If you don't know how this works, [click this link](https://fngt.gq/index.php?page=intro). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down. **NOTE:** That site is by invitation only. If you want an invite, and you're a regular participant, then just ask COF, Crazy, or myself. If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only. Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then [you can donate](https://poal.co/donate).

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (714).
[–] • 0 pt

Oh, it wouldn't be a flat 60%, it's a staggered rate.

You pay like 10% on the first 20,000. You pay like 14% from 20,001 to $50,000. You pay like 33% from 125,000 to 200,000, or shit like that.

And, really, capital gains could be taxed at a higher burden. Ain't nobody gonna say, "Well, you know, I'm just gonna earn less money so that I don't have to pay those few extra dollars!"

And, the only people it's gonna impact are people in my tax bracket, from people like me.

Currently, capital gains is a pretty flat rate (depending on where you are). It's like 15% federal and another 10% state. So, you're paying like 25%. Some states are lower.

[–] • 0 pt

Oh ok. I thought 60 percent was an extremely outrageous number. That makes a lot more sense.

[–] • 0 pt

That's because journalists don't want to educate, they want to outrage. Every one of 'em knows that it's by tax bracket.

You only pay x amount for up to x amount of dollars.

You pay a higher percentage for the next x amount of dollars.

You then pay a higher percentage for x amount of dollars.

But, you don't pay the higher percentage for all the dollars - only for the dollars after x amount.

It's not going to impact Bobby and Joan's 401k investment. It's not going to impact Jerry the guy who owns the convenience store until he's 70. It's going to impact people who are already multi-millionaires that generate large amounts of money from their investments. Then, it's only going to change short or long term capital gains.

They're probably talking about taxing short term gains higher - I don't know. Those are investments that lasted less than a year. It makes sense to tax them higher, as they're more destructive and less beneficial to the economy as a whole.

Long term investments are what make the world go 'round.

By the way, at 7.5% you're "only" making maybe $75,000 a year on a million dollars. That's it. A million dollars invested puts you barely in upper-middle class.

[–] • 0 pt

I could live very comfortably on 75 thousand. Just think if you had ten million invested and got the 7.5%, then you would be getting $750,000 a year and that would be enough to satisfy nearly anyone!