We’re having the same conversation but about two different things. I thought we were discussing tax rates that trusts themselves pay. Not individual tax rates.
One thing I’ll correct myself on is that I just looked up trust tax rates and they’re paying only 20% on capital gains now. Pretty sure that was higher before the Cheeto took over.
I used to do a whole lot of trust returns, but I’m admittedly rusty on them today.
We’re having the same conversation but about two different things. I thought we were discussing tax rates that trusts themselves pay. Not individual tax rates.
One thing I’ll correct myself on is that I just looked up trust tax rates and they’re paying only 20% on capital gains now. Pretty sure that was higher before the Cheeto took over.
I used to do a whole lot of trust returns, but I’m admittedly rusty on them today.
Yeah I was speaking about the income tax rate.
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