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re: Biden proposed a capital gains tax of 44.6% & 25% unrealized gains for high income earners
Posted on 4/24/24 at 2:28 pm to Y.A. Tittle
Posted on 4/24/24 at 2:28 pm to Y.A. Tittle
quote:And afterwards there won't be anyone selling anything that would trigger the new tax rate.
Way to trigger a MASSIVE sell off.
The effect wil be a one-time boost in capital gain taxes followed by a long period of ZERO large capital gains transactions.
The Law of Unintended Consequences will be invoked and the federal government will collect less, not more, in taxes.
2
Posted on 4/24/24 at 2:32 pm to LSURussian
quote:
The Law of Unintended Consequences
At some point it seem to me like we have to stop giving these people even this benefit of the doubt.
Posted on 4/24/24 at 3:25 pm to LSURussian
quote:
And afterwards there won't be anyone selling anything that would trigger the new tax rate.
The effect wil be a one-time boost in capital gain taxes followed by a long period of ZERO large capital gains transactions.
The Law of Unintended Consequences will be invoked and the federal government will collect less, not more, in taxes.
I think of it more as his shrewd plan to fix inflation...by causing a recession!
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