Kamala Harris backs President Biden's 44.6% capital gains tax proposal, the highest in history.
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Uh oh. Now they gone do everything in their power to get Trumpkkk elected
Whose they?
Corps
44.6% Capital gain tax... Shit!!!
I wonder if that applies all across the board. For instance. If I purchased a house 20 years ago, and I want to sell it today. I know it has appreciated in value. Am I hit with that tax? Or is it for corporations or people at a certain income level?
If the regular people are hit with that tax, you can tell your children or grandchildren that there will be no generational wealth for you by way of real estate. 44.6% goes to the government for nothing!
Maybe I'm mistaken. If I am, maybe someone more versed in tax affairs can break it down.
I wonder if that applies all across the board. For instance. If I purchased a house 20 years ago, and I want to sell it today. I know it has appreciated in value. Am I hit with that tax? Or is it for corporations or people at a certain income level?
If the regular people are hit with that tax, you can tell your children or grandchildren that there will be no generational wealth for you by way of real estate. 44.6% goes to the government for nothing!
Maybe I'm mistaken. If I am, maybe someone more versed in tax affairs can break it down.
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Should be 60% on the working class.
Right. I wouldn't trip until hearing it broken down from a knowledgeable source + until it becomes a real reality.
It will never pass in Congress
This increase targets high-income earners, specifically those with annual earnings over $1 million.
cfi.co
44.6% Capital gain tax... Shit!!!
I wonder if that applies all across the board. For instance. If I purchased a house 20 years ago, and I want to sell it today. I know it has appreciated in value. Am I hit with that tax? Or is it for corporations or people at a certain income level?
If the regular people are hit with that tax, you can tell your children or grandchildren that there will be no generational wealth for you by way of real estate. 44.6% goes to the government for nothing!
Maybe I'm mistaken. If I am, maybe someone more versed in tax affairs can break it down.
Breaking Down Biden's 2025 Capital Gains Tax Proposal: What's Really in Store
In President Biden’s proposal for the Fiscal Year 2025 Budget of the United States Government, one of the most talked-about components is the suggested increase in capital gains rates. The
Yes that comment was very weird but it's bgol
chief keef is that you ???
This increase targets high-income earners, specifically those with annual earnings over $1 million.
Breaking Down Biden's 2025 Capital Gains Tax Proposal: What's Really in Store
In President Biden’s proposal for the Fiscal Year 2025 Budget of the United States Government, one of the most talked-about components is the suggested increase in capital gains rates. The
ya sleepin, it fucks with new money, you come up, get a little bag in crypto,
ya fucked OVER, unless you move to puerto rico.. then you could avoid all this capital gains
mind fuckery...
bruh end of the day, the super wealthy DO NOT PAY TAXES.. they have so many fuckin loop holes tax havens,
knowledgeable advisors.. they laugh at taxes...
taxes are only for usa CITIZENS... suckers to the biggest international con game ever..
Americans are the wealthiest muthafuckas on the planet, but we been taken over by an international
force of parasites called the USA who mindfucked us all into thinking they are AMERICA
and NOT the OCCUPYING force that has TAKEN OVER AMERICAN POLITICS...
and I LAND MY PRIVATE LUXURY JET tamper PROOF PLANE!!
Correct, which is why you see Black entertainer coons supporting Trumpkkk due to his tax breaks for the richThis increase targets high-income earners, specifically those with annual earnings over $1 million.
Breaking Down Biden's 2025 Capital Gains Tax Proposal: What's Really in Store
In President Biden’s proposal for the Fiscal Year 2025 Budget of the United States Government, one of the most talked-about components is the suggested increase in capital gains rates. The
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Hmmm….not sure if I agree with this. I’m paying out my ass in taxes at every level already, I could hire a whole nother person for what I pay in taxes. We shall see…
Oh fuck no
For every succesful black person in that tax bracket he/she is supporting at least 6-10 people not in that bracket. It’s called the ‘Black Tax’. Me, you, yo mama and your cousin too. Everyone is eating off that alpha. And still get a refund from the government.
JIgga what...jigga who?
If you are black and well off, it’s most likely your family outside of your household is not. Which means you end up paying for their ups and downs, mostly downs. And then they get a tax refund. Meanwhile, the alpha is burning the candle on both ends, paying the government and paying for the people that depend on the government.
the shit makes me afraid to go all in when i day trade.
hit a lick for a few million and damn near half is gone cuz of shit like that.
then that "alpha" needs a better financial advisor, its obvious, his
SUCKS ASS!!!
That’s all they have to do; but he who has the gold makes the rules…
Who do you think is financing their campaigns?
Bruh, I have a laundry list of shi+ I don’t like.
That’s the idiocy of the Repubs. If they came up w a 1/2 decent candidate around Obamas 2nd term I would’ve switched.
Now they’ve distinguished themselves as the party of racists, bigots and lawlessness and it will nvr happen.
Don’t need to watch no convention…..Repubs will nvr get my vote.
Carry on……
Exactly..Thats why i don't play the lottery. If i fuck around a win 10mil i would probably have to give the govt half leaving me with only 5 mil...i'd rather just not play.
When Biden started talking about his tax increases, wealthy Tech started siding with Trump. Silicon Valley is not feeling this economy. Tech has been experiencing tens of thousands of layoffs and jobs are scarce. Here in the Bay, our taxes are super high, but our services are poor. I’m seeing sentiment shift when it comes to taxing. Tax increases on the “super wealthy” were supported because people did not identify with them and felt that they were heavily profiting and could afford any increase. A million is too low of a number. Parts of the middle class can identify with a million. She is going to lose a lot of support if she pushes this.