Hw big Joe Biden is going to give you both barrels capitol gains tax

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the annoying thing

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www.forbes.com

Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States

If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes of more than 50%.
www.forbes.com www.forbes.com

Yes hes going to screw pretty well everyone and those who invest in the stock market 401 k or 401 b like I had will be screwed and this could very easily affect the stock market in a very negative way as it discourages investment .
 
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the annoying thing said:
www.forbes.com

Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States

If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes of more than 50%.
www.forbes.com www.forbes.com

Yes hes going to screw pretty well everyone and those who invest in the stock market 401 k or 401 b like I had will be screwed and this could very easily affect the stock market in a very negative way as it discourages investment .
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All this is, is charging the SAME RATE for taxes on unearned income (due to appreciation of stock prices) that is charged on money earned through physical labor.
And it only applies to stock held for over one year. Stock held fo shorter periods are taxed at the same rate as salaries and earned income.

You don't know how the market works, you are making a fool of yourself.

It would probably only cause people to hold on to some stock for a shorter period than they do now.
 
Gabriel_Bell said:
All this is, is charging the SAME RATE for taxes on unearned income (due to appreciation of stock prices) that is charged on money earned through physical labor.
And it only applies to stock held for over one year. Stock held fo shorter periods are taxed at the same rate as salaries and earned income.

You don't know how the market works, you are making a fool of yourself.

It would probably only cause people to hold on to some stock for a shorter period than they do now.
Click to expand...
Yes I know how the market works . When you raise taxes on capitol gains people have less money to spend . And joes plan will hit low and high incomes . You got any more weasel excuses for him screwing us so much .

www.foxnews.com

Joe Biden's outlandish plan to crush middle America

President Biden wants to raise taxes in a multitude of ways that will harm hard-working families and destroy American innovation.
www.foxnews.com www.foxnews.com
 
the annoying thing said:
Yes I know how the market works . When you raise taxes on capitol gains people have less money to spend . And joes plan will hit low and high incomes . You got any more weasel excuses for him screwing us so much .

www.foxnews.com

Joe Biden's outlandish plan to crush middle America

President Biden wants to raise taxes in a multitude of ways that will harm hard-working families and destroy American innovation.
www.foxnews.com www.foxnews.com
Click to expand...
As an investor, I have NEVER managed to pay the lower rate, because my investments , like those of most investors, are in regular IRA accounts, and does not apply to RMD's.

Why should people pay a lower rate on income they did not even have to work for?
Have you ever paid the lower rate on long term investments?

No, you have no such investments. This is a special tax break for mostly the super wealthy. The government needs more money, this is that very best way to do it.

And NO, no one is going to cut entitlements. If you are against this, you are for ore government borrowing. No doubt about it.

The market will easily adapt to this, it has done so in the past.
 
Gabriel_Bell said:
As an investor, I have NEVER managed to pay the lower rate, because my investments , like those of most investors, are in regular IRA accounts, and does not apply to RMD's.

Why should people pay a lower rate on income they did not even have to work for?
Have you ever paid the lower rate on long term investments?

No, you have no such investments. This is a special tax break for mostly the super wealthy. The government needs more money, this is that very best way to do it.

And NO, no one is going to cut entitlements. If you are against this, you are for ore government borrowing. No doubt about it.

The market will easily adapt to this, it has done so in the past.
Click to expand...
LOL wanta bet Roth IRAs: Investors pay taxes up-front but enjoy tax-free withdrawals if they meet age and account duration requirements.
Biden’s proposal would eliminate deductible traditional contributions and instead provide a 26% refundable tax credit for each $1 contributed. The tax credit would be deposited into the taxpayer’s retirement account as a matching contribution.
O yes it will affect you but it will affect many other who do not have a ira many have 401 k and stocks dumb ass
 
Gabriel_Bell said:
As an investor, I have NEVER managed to pay the lower rate, because my investments , like those of most investors, are in regular IRA accounts, and does not apply to RMD's.

Why should people pay a lower rate on income they did not even have to work for?
Have you ever paid the lower rate on long term investments?

No, you have no such investments. This is a special tax break for mostly the super wealthy. The government needs more money, this is that very best way to do it.

And NO, no one is going to cut entitlements. If you are against this, you are for ore government borrowing. No doubt about it.

The market will easily adapt to this, it has done so in the past.
Click to expand...
www.yahoo.com

Biden's capital gains tax proposal could crush the economy, experts say

President Biden is under fire in response to his effort to hike the top capital gains tax rate to its highest-ever level, a move experts say would crush the economy.
www.yahoo.com www.yahoo.com
 
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