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re: Biden Wants To Raise Capital Gains Tax Rates to 44.6% in the Interest of Racial Equity
Posted on 4/30/24 at 7:18 pm to GumboPot
Posted on 4/30/24 at 7:18 pm to GumboPot
How does this help equity?
If we agree that POC are less economically advantaged, and ergo there are less POC with capital assets, how does taxing the sale of those assets triple today's rates help POC?
"Hello black people, this is Joe Biden, those of you that have stocks or owned homes now now have to pay 3x gains taxes, but so do white people. You are helped.".
Tell me what makes sense here????
If we agree that POC are less economically advantaged, and ergo there are less POC with capital assets, how does taxing the sale of those assets triple today's rates help POC?
"Hello black people, this is Joe Biden, those of you that have stocks or owned homes now now have to pay 3x gains taxes, but so do white people. You are helped.".
Tell me what makes sense here????
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