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Started By
Message
Trump's Capital gains tax cut discussions include indexing capital gains for inflation
Posted on 8/28/26 at 5:58 pm
Posted on 8/28/26 at 5:58 pm
quote:https://truthsocial.com/@realDonaldTrump/posts/117174464054106173
Capital gains tax is the tax you may owe on the profit from selling an asset for more than you paid (your cost basis), and it’s triggered when you sell, not when you just hold the investment. In the U.S., gains held for more than 1 year are generally taxed as long-term (often at lower rates), while gains held for 1 year or less are generally taxed as short-term (at ordinary income rates).
This post was edited on 8/28/26 at 5:59 pm
11
Posted on 8/28/26 at 6:01 pm to Ailsa
This would be a HUGE improvement, but cap gains taxes should be an unconstitutional illegal taking. Just like property taxes.
Posted on 8/28/26 at 6:01 pm to Ailsa
This should win over many of the Boomer gen who are looking squarely at retirement
Posted on 8/28/26 at 6:02 pm to UtahCajun
quote:
This should win over many of the Boomer gen who are looking squarely at retirement
Should win over literally anyone who ever wants to retire.
Posted on 8/28/26 at 6:02 pm to Ailsa
This is what I voted for.
Posted on 8/28/26 at 6:04 pm to imjustafatkid
quote:
This would be a HUGE improvement, but cap gains taxes should be an unconstitutional illegal taking. Just like property taxes.
Inheritance taxes are certainly theft.
Posted on 8/28/26 at 6:04 pm to UtahCajun
quote:
This should win over many of the Boomer gen who are looking squarely at retirement
Just not those who have never worked or saved money, aka. Democrats.
Posted on 8/28/26 at 6:04 pm to imjustafatkid
Wrong. Only rich people have money in the market.
-tboy, VOR, Byron bojangles, Burt Reynolds, Hank, etc
-tboy, VOR, Byron bojangles, Burt Reynolds, Hank, etc
Posted on 8/28/26 at 6:08 pm to Timeoday
quote:
Inheritance taxes are certainly theft.
You'll get no argument from me. 100% theft.
Posted on 8/28/26 at 6:13 pm to imjustafatkid
quote:
This would be a HUGE improvement, but cap gains taxes should be an unconstitutional illegal taking. Just like property taxes.
I hope that's where this eventually ends up once the national debt is erased...and I believe it will be before too long.
Posted on 8/28/26 at 6:16 pm to Ailsa
quote:
I hope that's where this eventually ends up once the national debt is erased...and I believe it will be before too long.
Pour me some of what you're having
Posted on 8/28/26 at 6:17 pm to Ailsa
I can’t imagine why anyone would be against this.
Posted on 8/28/26 at 6:17 pm to Ailsa
Would be huge. So much of the “gains” we are taxed on are just inflation.
Posted on 8/28/26 at 6:19 pm to Ailsa
This would be wonderful and heartbreaking all at the same time.
At least we would get a lesson in fiat money and Keynesian economics.
At least we would get a lesson in fiat money and Keynesian economics.
Posted on 8/28/26 at 6:37 pm to imjustafatkid
quote:
Should win over literally anyone who ever wants to retire
You are correct, but many of the young cannot or will not think that far ahead. They want it all now. Can't say I was much different <30.
Posted on 8/28/26 at 6:38 pm to UtahCajun
quote:
You are correct, but many of the young cannot or will not think that far ahead. They want it all now. Can't say I was much different <30.
You're not wrong. We all feel like we're immortal at that age.
Posted on 8/28/26 at 7:25 pm to Ailsa
That would be a huge improvement. They should index gains and raise the rates so that it is revenue neutral. That would improve both ends of the capital gains inequity. Then tax carried interests at the capital gains rate and give a 50% exemption until the gains are eventually realized.
Posted on 8/28/26 at 7:27 pm to Ailsa
quote:
once the national debt is erased
Wait
What?
Posted on 8/28/26 at 7:58 pm to Ailsa
Shouldn't they already be indexing?
Posted on 8/28/26 at 8:30 pm to SlowFlowPro
Wtf . I thought we got rid of your dumbass.
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