Biden raises capital gains and a new suprise

[meos1]

So the new rate is going to be 44.6% on CGs. Now check this, this new proposal would include a 25% increase on unrealized CGs.

[Rollo Tomassi]

TRANSLATE !!! I ain't no damn accountant !!!

[FatMan]

This of course is simply his tax proposal. Such a change would have to be legislated through congress which has a near zero chance of happening unless he gets a super majority in the senate. This is nothing more than a political statement of screw the people who actually make this economy work in the name of economic justice.

[cullenbryant]

sounds like a job for the new big mike

[FatMan]

If this proposal were to be approved the market will fall up to 50%. Democrats are stupid. I doubt even our local libs, Surf and Mickey are onboard with this stupidity. Serious people know this. Simply fodder for the left wing socialists.

[walmann]

Stupidity abounds in those "blue states", and plenty at the Fed level. Stupidity no knows bounds.

[mdwoods]

Oh those poor billionaires maybe we should take up a collection for them.

[FatMan]

Oh those poor billionaires maybe we should take up a collection for them.

Oh Woody, please don't include yourself with the many stupid democrats that have no clue how things really work. And the whole idea of taxing unrealized cap gains is very likely unconstitutional as well. I am pretty sure that even the lib supremes understand that unrealized gains are not income. (yet)

[HappyLittleTrees]

If this proposal were to be approved the market will fall up to 50%. Democrats are stupid. I doubt even our local libs, Surf and Mickey are onboard with this stupidity. Serious people know this. Simply fodder for the left wing socialists.

Yep. Lip service for the vegan nose ring pink hair crowd.

[clw54]

Oh those poor billionaires maybe we should take up a collection for them.

If he's right about unrealized capital gains, it'll screw over a lot more than billionaires.

[mdwoods]

Oh those poor billionaires maybe we should take up a collection for them.

Oh Woody, please don't include yourself with the many stupid democrats that have no clue how things really work. And the whole idea of taxing unrealized cap gains is very likely unconstitutional as well. I am pretty sure that even the lib supremes understand that unrealized gains are not income. (yet)

I'm not for taxing unrealized capital gains. On the other hand I have no sympathy for billionaires who made their money off of Americans and cry about having to pay taxes.

[mdwoods]

Oh those poor billionaires maybe we should take up a collection for them.

If he's right about unrealized capital gains, it'll screw over a lot more than billionaires.

Not for taxing unrealized capital gains. Remember it was not too long ago the tax rates were MUCH higher for the wealthy and they still managed to be wealthy.

[cladking]

Oh those poor billionaires maybe we should take up a collection for them.

No one could agree more.

But any time either party says they're going to soak the rich they are lying. They are creating more taxes for you and the upper middle class while creating ever more tax loopholes for the wealthy. Every year the rich destroy more products, rape more widows and orphans, and call you on the phone but when you call them you can rest assured your call is very important to them.

As long as the republocrats are in charge we are screwed.

[MacCrimmon]

Revelation 18:1 And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory.

2 And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit .....


5 For her sins have reached unto heaven, and God hath remembered her iniquities.

6 Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.

7 How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.

8 Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.

9 And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,

10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.

11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, .....


17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,

18 And cried when they saw the smoke of her burning, saying, What city is like unto this great city!

19 And they cast dust on their heads, and cried, weeping and wailing, ......

21 And a mighty angel took up a stone like a great millstone, and cast it into the sea, saying, Thus with violence shall that great city Babylon be thrown down, and shall be found no more at all.

23 And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.

24 And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.


And for the entire text ..... https://www.biblegateway.com/passage/?s ... ersion=KJV

Once again, the Great White Throne Judgment Awaits those made rich by the blood of the Saints;
may you be like unto the Thief on the Cross !!!!