Kamala supports 44% tax on capital gains

[Billo_Really]

Did you read the link?

Yes I did.

That is not Kamala's policy, nor is it Joe Biden's. 25% is the max.

 

[Winston]

And small businesses are the lifeblood of the economy, and that also plays into the socialist goals of the Destroy America Party. They don’t want small businesses. They want large businesses only, which ultimately the government will “partner” with and control.

You saw it during COVID. They let Target and Walmart operate, but drove all the Mom and Pop stores into bankruptcy.

Really, small businesses? You know, Trump's corporate tax cut, it was actually an increase on small businesses making less than $75,000 a year.

 

[rightwinger]

The innovation is coming from the business owner, who took the risk and had the ingenuity to launch his own company.

You are just another lib, with resentment toward successful people.

Has nothing to do with Capital Gain on investment

 

[Lisa558]

Yes I did.

That is not Kamala's policy, nor is it Joe Biden's. 25% is the max.

No, you did not read it, or you’re just a bit slow. The 25% max is for unrealized gains. Actual gains are up to 44%. Read it again..

 

[Lisa558]

Has nothing to do with Capital Gain on investment

Sure it does. Increasing the taxes on capital gains discourages investing for one’s retirement. Not EVERYONE gets lifetime government payments like you.

 

[hadit]

We are not jacking up our rate to 44% on all capital gains.... this is for a specific, narrow group.

Which will see a dramatic fall-off in participation. Pro-taxers never account for human behavior and just expect people to shrug and accept greater confiscation of their earned income.