That is just the base Federal rate. After NIIT, State, etc it can be >35%, which...

jandrewrogers on Feb 12, 2021 | parent | context | favorite | on: America's 1% Has Taken $50T From the Bottom 90%

That is just the base Federal rate. After NIIT, State, etc it can be >35%, which is actually quite high for a country where the cost basis is not inflation-adjusted. That is higher than most countries in Europe.