[perennate]

> capital gains tax rate is 50%

That makes it sound like you pay half of capital gains in taxes, but I think what you mean is that 50% of capital gains is taxable, and that this portion is taxed at the same rate as other personal income. Personally I think 100% of capital gains should be taxable at the marginal income tax rate.

[matheist]

Yep. I was also astonished at that figure and immediately looked it up, and what you describe matches what I found.