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re: “Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans”

Posted on 4/22/21 at 5:43 pm to
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 4/22/21 at 5:43 pm to
This a-hole is stripping all motivation and aspirations from its people. It’s insanity if you want a productive and forward moving populous
This post was edited on 4/22/21 at 5:44 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 4/22/21 at 5:49 pm to
quote:

crypto about the get crushed.

Why would crypto be any different than equities when talking about the 43.4$ capital gains tax?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/22/21 at 5:51 pm to
it's just what they hope, but not reality

they can't stand that plebs like us are getting wealthy from stacking magic internet coins
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 4/22/21 at 5:53 pm to
Post your agi from 2020 before you spew.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/22/21 at 5:56 pm to
just like i said ^

these people are mad lol
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118893 posts
Posted on 4/22/21 at 6:13 pm to
Elections have consequences


But I guess only hollywood high earners vote democrat.



When will there be a taxpayer revolt? They waste 80 cents of every dollar they take in.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 4/22/21 at 6:15 pm to
if we successfully chase all capital out of the United States, don’t fret; the money printers are always there to save the day
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 4/22/21 at 6:17 pm to
Anybody who voted for this should drink bleach. Dumbest people on earth
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3468 posts
Posted on 4/22/21 at 6:20 pm to
Wait until he eliminates step up basis in real estate and you owe cap gains on real estate sales even if you reinvest. That combined with this is going to cause some selling off in real estate.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/22/21 at 6:22 pm to
let's just go with the idea that they released these rumors so just they could buy the dip

This post was edited on 4/22/21 at 6:25 pm
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3468 posts
Posted on 4/22/21 at 6:27 pm to
Some are getting what they deserve. I know someone that voted Biden and is now scraping their 5-year prep to sell plan and instead is trying to figure out how to sell an $80MM company before the end of the year.
Posted by BZ504
Texas
Member since Oct 2005
9410 posts
Posted on 4/22/21 at 6:36 pm to
quote:

Stolen Elections have consequences
Posted by Triple Bogey
19th Green
Member since May 2017
5974 posts
Posted on 4/22/21 at 6:47 pm to
The sell off doesn't really make sense to me. Almost everything the wealthy get ROI from is capital gains whether its Real Estate, Equities, Bonds, etc. I'm sure their teams of lawyers and accountants will be able to skirt around the new laws as people like me and you will not be able to.

All of the people who made a ton on GME, AMC, and Crypto this year really pissed the big dogs off and now they're coming to collect their "fair" share.
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 4/22/21 at 6:58 pm to
What a moron
Posted by League Champs
Bayou Self
Member since Oct 2012
10340 posts
Posted on 4/22/21 at 7:11 pm to
quote:

Why would crypto be any different than equities when talking about the 43.4$ capital gains tax?

The market dropped 1% after the news. How far did bitcoin drop? Its a purely speculative market, and the tax will create panic selling before the tax is signed into law.
Posted by BLM
ATL
Member since Oct 2011
746 posts
Posted on 4/22/21 at 7:20 pm to
F. That.
Posted by lowspark12
nashville, tn
Member since Aug 2009
22365 posts
Posted on 4/22/21 at 7:21 pm to
quote:

Wait until he eliminates step up basis in real estate and you owe cap gains on real estate sales even if you reinvest. That combined with this is going to cause some selling off in real estate.


This would suuuuuck
Posted by jcaz
Laffy
Member since Aug 2014
15528 posts
Posted on 4/22/21 at 8:15 pm to
And yet plenty of rich leftists will line up to pay it
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
13491 posts
Posted on 4/22/21 at 8:22 pm to
quote:

I don't see what the problem is here.

An extremely low number of people make more than 1 million dollars annually.



“it doesn’t apply to me so I don’t care” might be the dumbest opinion you can have when it comes to government taking something away from citizens
Posted by ronricks
Member since Mar 2021
6260 posts
Posted on 4/22/21 at 8:29 pm to
Biden is a puppet for the Socialist left. They don’t like successful and responsible people.
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