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Bowl Leader
No, gains are part of taxable income (even though tax rate is lower) so if you realized $1m of gains most of it would be taxed at 20% even if you had no earned income. You'd also be subject to 3.8% net investment income tax.
Pro
It's not a flat tax rate, it's a progressive one. If you're mfj, the first 80.8k is taxed at 0%. The next 420.8k is taxed at 15%. The next 498.4k is taxed at 20%
So, if you don't have any earned income, and realize a ltcg of 80.8k per year, you pay $0 in taxes.
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
Thnku
That makes sense. Many thanks