Joe Biden's proposed hike to capital gains tax would 'crush' the US economy, a leading expert has warned.
The President has outlined plans to increase the top marginal rate on long-term capital gains and qualified dividends from 23.8 percent to 44.6 percent.
Capital gains tax is paid on investments that have increased in value in the time between them being bought and sold - for example, stocks, properties or cryptocurrencies.
FTA: Biden's proposed budget also revises how inherited assets would be taxed.
ReplyDeleteUnder current law, when someone transfers property after death, it isn't generally considered a taxable gain for income tax purposes, Forbes reported.
Biden's proposal would reverse that, making the death a realized gain for the person inheriting the assets.
Notably, this excludes those of $5 million or less.
Bullshit. BOHICA!
How many of you are in the 1-5 million dollar range??
DeleteAnon@1:23 if you think it's going to stay at the 1-5 million dollar range, you're a democrat and an idiot.
Deletehaha you said democrat and idiot. those are one and the same.
DeleteJust what WOULD FJB have to do to get impeached?! Evidently, it's an impossibility for the old dolt. We are in a soft dictatorship with a unified politburo for "representative government".
ReplyDeleteHe's a Demonrat. The RINO's in CONgress and the Senate don't have the balls to launch an impeachment against him. The documents thing should be been a slam dunk case, but Garland and the House, with the exception MTG, won't move against him. That's because the (R) Speaker is a RINO, even though he was portrayed as a moderate. He's given the Demonrats everything they've wanted in all of the bills recently passed.
DeleteNemo
43fucking%!!! What the hell is wrong with these people? Do they sit around thinking “What else can we do to screw the economy?”
ReplyDeleteJFM
No just the working class
ReplyDeleteStolen elections have consequences, I pray the every article signed by barkey boy who actually is destroying our Republic is repealed. Biden is just a placeholder and nothing more. Bad hard times are coming, prepare yourself and family as best as you can.
ReplyDeleteCapital Gains Tax should be ZERO.
ReplyDeleteFuckers
ReplyDeleteFew of those affected would be democrats, I'm thinkin'.
ReplyDeleteCC