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Started By
Message
re: Biden proposed a capital gains tax of 44.6% & 25% unrealized gains for high income earners
Posted on 4/24/24 at 2:49 pm to stout
Posted on 4/24/24 at 2:49 pm to stout
idiots dont realize they raise this tax, especially that high, and they will get less revenue....
if the government will get almost half of the money you make on taking a risk.....the risk will not be worth taking
if the government will get almost half of the money you make on taking a risk.....the risk will not be worth taking
0
Posted on 4/24/24 at 2:54 pm to stout
quote:
The policy is clearly aimed at leveling the playing field between high ordinary income and investment income earners.
LMAO. The author is a moron.
Posted on 4/24/24 at 2:55 pm to Gifman
quote:
many of whom have the resources to avoid US taxes when you levy this bullshite on them... pretty useless and just a talking point
Really just effects the high incoming earning professionals making under a million or under 2-3 million, the elite and actual wealthy will just not pay the tax
Posted on 4/24/24 at 3:01 pm to The Maj
With no frickin' adjustment for the devaluation of the dollar.
May his beach house be hit by a series of F4 hurricanes which will also hit the Delawanderers who returned him to Senate time after time.
Next he'll say send it all to me, and I'll give you something back.
May his beach house be hit by a series of F4 hurricanes which will also hit the Delawanderers who returned him to Senate time after time.
Next he'll say send it all to me, and I'll give you something back.
Posted on 4/24/24 at 3:02 pm to The Maj
quote:Yeah - and then wind up over on the Money Board in 24 months bitching about how they got left out in the cold when people's investments kept doing well.
Everyone that can should divest of everything that they possibly can... frick this government...
What miserable "advice".
These threads are stupid (this is like the 5th one in a month) because there is literally a zero% chance any of this stupid shite gets passed.
Posted on 4/24/24 at 3:03 pm to LSU-MNCBABY
quote:Uh, no. The "proposed" tax is on capital gains and not high-income earning professionals.
Really just effects the high incoming earning professionals making under a million or under 2-3 million, the elite and actual wealthy will just not pay the tax
Posted on 4/24/24 at 3:10 pm to TDTOM
quote:
I bet his donors are going to love that
They’ll be exempt. See what Gavin did in Cali…
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!
Posted on 4/24/24 at 3:33 pm to Hangover Haven
quote:
More money for him to steal.
As Chicago once said, it’s only the beginning.
Posted on 4/24/24 at 3:37 pm to jlc05
Ever listen to is economic advisors.....Clown show in spades.
Posted on 4/24/24 at 3:38 pm to stout
Man fuk Biden. This clown is so stupid we cannot afford another 4 years of this clown.
I don’t think I’ve hated another human being more than Biden. They seriously want me to destroy this country.
I don’t think I’ve hated another human being more than Biden. They seriously want me to destroy this country.
Posted on 4/24/24 at 3:38 pm to jlc05
Posted on 4/24/24 at 3:38 pm to stout
Yeah, that’s just great timing as I am looking to sell my business in the next couple of years and retire. My retirement planning assumes 15-20% capital gains tax to be owed on the sell, not 44.6%! I might not be retiring at 53 years old after all.
This is such bullshite. I took a giant risk to start my business in 2002, worked my arse off to build it into what it is today, and now I’m looking down the barrel of a double-clutch grudge fricking from the government as I am starting to think about retiring.
This is such bullshite. I took a giant risk to start my business in 2002, worked my arse off to build it into what it is today, and now I’m looking down the barrel of a double-clutch grudge fricking from the government as I am starting to think about retiring.
This post was edited on 4/24/24 at 3:43 pm
Posted on 4/24/24 at 4:31 pm to stout
Democrats don't understand economics
Posted on 4/24/24 at 5:05 pm to TDTOM
quote:
I bet his donors are going to love that.
His donors will be the ones actually writing the law. There will be so many individual loopholes this thing will look like the Gordian knot.
Posted on 4/24/24 at 5:07 pm to Texas Yarddog
Really. Why doesn't Biden start with his tax evading son?
Posted on 4/24/24 at 5:09 pm to stout
quote:
Biden proposed
LMAO
Biden didn't "propose" anything.
Posted on 4/24/24 at 5:12 pm to stout
quote:
They want to also tax unrealized gains by 25%
So now they want to tax you on what you would have made had you sold something?
Didn't Clinton float the idea of taxing you on the imputed value of your home?
Posted on 4/24/24 at 5:13 pm to stout
I’ll pay that soon as they tax EBT cards, drug test every person getting gubment checks , tax dealers gains cutting pure coke, and closing our borders. frick Joe Biden and ALL his handlers. It’s every fricking day…
Posted on 4/24/24 at 5:29 pm to stout
quote:
They want to also tax unrealized gains by 25%
There's no way to accurately do this unless there's a sale. Unrealized gains would be based on values, which are opinions by definition (same as Trump's Personal Financial Statement trial and why it's a load of BS).
Not to mention that apparently there would be an annual 25% holding cost (tax) for assets and then tax them at the sale?
Markets would crash.
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