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re: List of tax hikes in the inflation bill
Posted on 8/8/22 at 9:32 am to Taxing Authority
Posted on 8/8/22 at 9:32 am to Taxing Authority
If any of the capital gains/corporate taxes are true, I'd be very weary about not insuring my assets. They basically spent 2 years and trillions to prop up asset prices, just to crash them. It is government policy to suck capital out of the economy and make industry more uninvestable, all while every taxpayer is getting carved TF out. The state has lost it's freaking mind 
1
Posted on 8/8/22 at 11:29 am to wutangfinancial
quote:It's the whole "you'll own nothing and be happy" at the corporate level. No way in hell I'd want to own any capital asset going forward.
If any of the capital gains/corporate taxes are true, I'd be very weary about not insuring my assets. They basically spent 2 years and trillions to prop up asset prices, just to crash them. It is government policy to suck capital out of the economy and make industry more uninvestable, all while every taxpayer is getting carved TF out. The state has lost it's freaking mind
So the question is... who do they want to own the assets? It's pretty clear -- hedgefund and PE firms. They are exempt. It is an INSANE carve out.
SO while democrats are bragging about "getting hedge funds" by removing carried interest, they handed them a BIGGER and more expansive loophole.
Truly incredible what just happened.
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