biden pushing for new capital gains tax

[Anonymous]

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - ENJOY.

[Anonymous]

He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

[Anonymous]

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

This.

Unless you are a hedge fund manager or a billionaire, this doesn't impact you.

And if you fall into one of these categories, then county your blessings for the opportunities this country has afforded you to make some serious money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

This.

Unless you are a hedge fund manager or a billionaire, this doesn't impact you.

And if you fall into one of these categories, then county your blessings for the opportunities this country has afforded you to make some serious money.

+1 Not feeling sorry for people who have enough in their taxable accounts that this is gonna hurt.

[Anonymous]

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

+4

I can’t get exercised and angry over this. These people do not pay their fair share and the party they seem to support keeps wanting to tax poor people more “so they have some skin in the game.” Poor people’s skin is the what the rope is made of while the wealthy get to float above it all like ghosts.

[Anonymous]

Yay Biden! Let’s enact policies that will help America.

[Anonymous]

Specific to home ownership, capital gains tax rate needs to take into account length of time home was owned in some way. Elderly can't downsize in retirement because the gains tax plus cost of selling is too prohibitive. People sitting in large homes they don't need and can't take care of because we make it too difficult for senior citizens to sell property.

[Anonymous]

Specific to home ownership, capital gains tax rate needs to take into account length of time home was owned in some way. Elderly can't downsize in retirement because the gains tax plus cost of selling is too prohibitive. People sitting in large homes they don't need and can't take care of because we make it too difficult for senior citizens to sell property.

+1

[Anonymous]

Anonymous wrote:Specific to home ownership, capital gains tax rate needs to take into account length of time home was owned in some way. Elderly can't downsize in retirement because the gains tax plus cost of selling is too prohibitive. People sitting in large homes they don't need and can't take care of because we make it too difficult for senior citizens to sell property.

Elderly couples have $500,000 of profit tax free. That’s plenty to pay the “cost of selling.”

[Anonymous]

Democrats have never met a tax they didn't like.

Biden also wants to impose a 25% tax on wealthy individuals for UNREALIZED gains.

[Anonymous]

Anonymous wrote:Democrats have never met a tax they didn't like.

Biden also wants to impose a 25% tax on wealthy individuals for UNREALIZED gains.

there is no practical way of doing this, so it really isn't worth freaking out about

[Anonymous]

Anonymous wrote:

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

This.

Unless you are a hedge fund manager or a billionaire, this doesn't impact you.

And if you fall into one of these categories, then county your blessings for the opportunities this country has afforded you to make some serious money.

Next time you hear Musk complaining about immigration, just know that this is actually what he cares about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

This.

Unless you are a hedge fund manager or a billionaire, this doesn't impact you.

And if you fall into one of these categories, then county your blessings for the opportunities this country has afforded you to make some serious money.

Next time you hear Musk complaining about immigration, just know that this is actually what he cares about.

It’s possible to have two thoughts at the same time. I am worried about Biden’s tax policy and his immigration policy (if you can call it that).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Specific to home ownership, capital gains tax rate needs to take into account length of time home was owned in some way. Elderly can't downsize in retirement because the gains tax plus cost of selling is too prohibitive. People sitting in large homes they don't need and can't take care of because we make it too difficult for senior citizens to sell property.

Elderly couples have $500,000 of profit tax free. That’s plenty to pay the “cost of selling.”

Yeah, GMAFB. Anyone who makes enough on the sale of a home to pay capital gains tax can afford to downsize.

[Anonymous]

Anonymous wrote:

Anonymous wrote:He’s just considering proposing that for people making over a $1 million the capital gains tax rate is the same as a the ordinary income rate.

It’s a way to avoid all the ridiculous games like the carried interest loophole that lets hedge fund managers making $50 million pay tax at a lower rate than w-2 employees making $200k.

This.

Unless you are a hedge fund manager or a billionaire, this doesn't impact you.

And if you fall into one of these categories, then county your blessings for the opportunities this country has afforded you to make some serious money.

One hundred percent