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Flanagan is the one who called the police and deserves all the vitriol he’s getting for it. I think it’s also important to remember that the President is appointed by, and reports to the Board of Governors, who have a similarly ghoulish track record over the past 5 years. The top brass of this institution is all rotten and is only getting worse by the day.
No, you would not pay $333k in taxes. You would add $333k to your taxable income for the year, and then pay regular tax rates on your total income.
If you made $500k in capital gains and had no other income that year, then by extremely rough estimation (I’m too lazy to pull out a calculator to get the exact figure) you would only be paying somewhere in the ballpark of $60k in federal taxes, then another $20k-$30k based on what province you live in. All things considered, that’s like a 17% effective rate, which is too damn low if you ask me.
And that’s only on amounts greater than $250k. So anyone this change actually affects is going to be fine. The people complaining about it are straight up lying.