Deplorable Yankee
Diamond Member
the dialy kos...uh boy
ok
1. Eliminate the preferential rate for capital gains and qualified dividends: This isn’t new, it was in the law even before the 2017 legislation. Capital gains – that is, the profits on sales of capital assets like stocks and bonds, real estate, or collectibles – are taxed at a preferential rate, capped at 15% or 20% depending on the amount of income.
What this means is that people who work for a living pay the full rate of tax, while investors get a big tax break. (As Warren Buffet has stated, he pays a lower tax rate than his secretary.) In addition to promoting income inequality and preferring upper income taxpayers,
"exempt all gain on the sale of a principal residence held for more than five years, with additional exceptions (if held less than five years) for involuntary sale situations like transfers, illness, etc. "
number 1 you're already hurting main street
main street and wall st have been attached at the hip ...well since the INTERNET took off
people WHO work for a living also may own some real estate and HAVE investments,,,how do you think a lot of people increase their wealth? wait by the mailbox for the new green deal guaranteed income check ?
the real estate specifically what about small time renovators ,flippers, and smaller private investment groups ?
ok
1. Eliminate the preferential rate for capital gains and qualified dividends: This isn’t new, it was in the law even before the 2017 legislation. Capital gains – that is, the profits on sales of capital assets like stocks and bonds, real estate, or collectibles – are taxed at a preferential rate, capped at 15% or 20% depending on the amount of income.
What this means is that people who work for a living pay the full rate of tax, while investors get a big tax break. (As Warren Buffet has stated, he pays a lower tax rate than his secretary.) In addition to promoting income inequality and preferring upper income taxpayers,
"exempt all gain on the sale of a principal residence held for more than five years, with additional exceptions (if held less than five years) for involuntary sale situations like transfers, illness, etc. "
number 1 you're already hurting main street
main street and wall st have been attached at the hip ...well since the INTERNET took off
people WHO work for a living also may own some real estate and HAVE investments,,,how do you think a lot of people increase their wealth? wait by the mailbox for the new green deal guaranteed income check ?
the real estate specifically what about small time renovators ,flippers, and smaller private investment groups ?
