biden pushing for new capital gains tax

[Anonymous]

Revenue from capital gains tax has gone up when capital gains tax rates were cut under Clitnon and Bush. In response Obama said he didn't care, he would raise rates as a matter of fairness.

[Anonymous]

Anonymous wrote:Revenue from capital gains tax has gone up when capital gains tax rates were cut under Clitnon and Bush. In response Obama said he didn't care, he would raise rates as a matter of fairness.

When capital gains taxes are relatively low, investors will sell what they buy more frequently. When taxes are high people tend to sit on investments that have gained, reducing the number of transactions subject to the tax.

[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.

We also were told that Biden tax increase is not going to affect regular folks. Everyone I know are paying more taxes under Biden.

[Anonymous]

Isn’t it enough we are all suffering under the inflation Biden claimed was “simply transitory?”

[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.

We also were told that Biden tax increase is not going to affect regular folks. Everyone I know are paying more taxes under Biden.

Everyone you know is paying more taxes under Biden because of the Trump tax cuts. Biden has only proposed a tax hike on billionaires. Are you really this ignorant?

[Anonymous]

Anonymous wrote:

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.

We also were told that Biden tax increase is not going to affect regular folks. Everyone I know are paying more taxes under Biden.

Everyone you know is paying more taxes under Biden because of the Trump tax cuts. Biden has only proposed a tax hike on billionaires. Are you really this ignorant?

Are you? The government is always taking more and more as a percentage of people's private property to waste. They earn it and it wastes it.

[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.

We also were told that Biden tax increase is not going to affect regular folks. Everyone I know are paying more taxes under Biden.

What specific tax changes made by Biden has caused you to pay more taxes? (Hint: there have been almost no tax changes under Biden except for some clean energy credits).

[Anonymous]

I am not a fan of many of Biden's tax proposals, because I think they are poorly designed policy measures. I don't know your friends tax situations, but it is unlikely that policies passed under the Biden Admin significantly have impacted their taxes. Taxes will go up for many people soon due to the sunset of TCJA in 2025.

[Anonymous]

Anonymous wrote:

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.

We also were told that Biden tax increase is not going to affect regular folks. Everyone I know are paying more taxes under Biden.

What specific tax changes made by Biden has caused you to pay more taxes? (Hint: there have been almost no tax changes under Biden except for some clean energy credits).

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