However, if your 268,630 Capital Gain was taxed as Ordinary Income
then your 2022 taxes would be:

      You would pay 10% tax (1,027.50) on the chunk of Taxable Income between 0 and 10,275.
      Then you would pay 12% (3,780) on the chunk of Taxable Income between 10,276 and 41,775.
      Then you would pay 22% (10,406) on the chunk of Taxable Income between 41,776 and 89,075.
      Then you would pay 24% (19,434) on the chunk of Taxable Income between 89,076 and 170,050.
      Then you would pay 32% (14,688) on the chunk of Taxable Income between 170,051 and 215,950.
      Then you would pay 35% (18,437.65) on the chunk of Taxable Income between 215,951 and 268,630.

For TOTAL TAX of 1,027.50 + 3,780 + 10,406 + 19,434 + 14,688 + 18,437.65 = 67,773.15.
MORE THAN TWICE what I paid for the SAME amount of income.

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