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I knew the bill wouldn't pass as proposed.FYI, current House Democratic proposal on capital gains: Up to 28.8%
House Democrats propose raising capital gains tax to 28.8%
The proposal differs from a prior Biden administration plan to raise the top combined rate to 43.4% for those with income over $1 million.www.cnbc.com
This stuff gets so silly. Folks just love to go full drama queen so early in the process.I knew the bill wouldn't pass as proposed.
I think it will end up slightly lower than 28%.
Why is it the taxpayer's responsibility to pay for daycare the kid's parents refuse to pay?
It's not my debt.
Besides I don't expect to be paying any income taxes for the next 15 years. We're living off of our investments and since we have no debt at all we don't need to pay for anything but basic living expenses and the the stuff we do for fun.
Capital gains are not taxed twice……only profits areI don't believe this is true.
I do not believe that money disbursed to stock holders is taxed when the company earned it.
That is one of the incentives for companies to declare dividends.
But if capital gains is taxed twice, that would explain why it is lower.
I never understood why is was at a lower rate than your other income.
It still makes no sense for it to be a fixed rate, as it should be progressive.
Where did i say I was worried?Then don't worry yourself over it.
You got that wrong.Capital gains are not taxed twice……only profits are
Earned income creates wealth…..investments don’t
No, you are ineptIf you make a million a year and have a low net worth you ain't wealthy
No, you are inept
Where did i say I was worried?
Just because something might not directly affect me doesn't mean I can't have an opinion on it or on it's effects.
It's not going to affect you either is it?
The reality is the oppositeWealth is net worth not income and anyone can increase their net worth.
Not paying the debt and leaving it for my kids? Yes.
The reality is the opposite
Most of our super wealthy have immense net worth and very low income.
Only income is taxed
Feel free to send in extra money to the government.
I don't have kids and it's not my debt.
Again where did i say i did?Then don't sweat it.
This tax has nothing to do with paying down the debt anywayThen don't sweat it.
He doesn’t know anything about those things. He just doesn’t want to help the poor. That’s COMMUNISM!!!I suppose for the same reason we have to pay trillions to keep your 401k inflated. That we had to pay billions to the corporate farms that Trump's policies hurt. etc.
FACTS not guesses..I'm not a fan of raising capital gains taxes, and think they should be lower.
However, when Trump cut capital gains taxes, almost all of the savings went into share buybacks, not capex. And most of those buybacks were done by the same Big Tech companies that so many on the alt-right hate these days.
There are proposals to ban share buybacks, or tax them. I oppose both. However, I don't think cutting capital gains taxes helps the working class. They mostly help the upper middle class and rich. That includes me. But most here won't benefit.
