Article

2024-04-25 Economy

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922

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Posted by Besoeker 2024-04-25 04:08|| || Front Page|| [384 views ] Top

#1 How about a Congressional Capital Gains Tax for all members of congress, staffers, and their immediate family members who attain anything above the market average in a year. Anything about the average is taxed at 100%. "Do it for the children."

Posted by Procopius2k 2024-04-25 06:26|| 2024-04-25 06:26|| Front Page Top

#2 You want your Capitalism… well, we will tax it into Socialism

Posted by Airandee 2024-04-25 06:48|| 2024-04-25 06:48|| Front Page Top

#3 It’s been said that Joe has been serially on the wrong side of every foreign relations call in the last 30 years. In this presidency, Joe has broadened his portfolio of stupid.

Posted by Super Hose 2024-04-25 07:47|| 2024-04-25 07:47|| Front Page Top

#4 "A little money in the market is a healthy saving habit, just don't put in more than you can afford to lose. Also, be aware that the government has a habit of changes the rules."

~ Wise old fella, long gone but not forgotten.

Posted by Besoeker 2024-04-25 08:03|| 2024-04-25 08:03|| Front Page Top

#5 ...Trying to slam through the taxes (and other changes, I'm sure) before they get their asses handed to them in November.

Mike

Posted by MikeKozlowski 2024-04-25 09:23|| 2024-04-25 09:23|| Front Page Top

#6 Not content with destroying our energy independence, freedom of speech for Republicans, debt relief for college kids, inflation up the wazoo and all the other wonderful 'benefits' of Bidenomics, let's completely kill capital formation in the United States with investment tax rates well above ordinary income. And - yes, they're dumb / obtuse enough to talk about this in public.

For the past three + years I feel like I'm trapped in that alternate universe where Spock had a goatee.

Posted by Raj 2024-04-25 09:39|| 2024-04-25 09:39|| Front Page Top

#7 25% and

How about a Constitutional fixed, Total FLAT TAX Rate, which includes all Fed, State, County, Metro and Hidden taxes.

Even village idiot must at some point understand when Governments collects more of what you're making than you to do... You are living like a "Comrade" or a Government owned Slave.

Even back in 2001, we were already paying well over 1/2 of our income in total stated and hidden added taxes when all levels of GOV. had finished with its demands.

Posted by NN2N1 2024-04-25 09:57|| 2024-04-25 09:57|| Front Page Top

#8 ^ Yes. Tax everything once at a low rate.

No nonprofits, no tax sheltwrs, no gummint tax holidays for bidness development.

Posted by M. Murcek 2024-04-25 11:00|| 2024-04-25 11:00|| Front Page Top

#9 Worse, capital gains are not indexed to inflation. So Americans already get stuck paying tax on some "gains" that are not real.

Yup.

Posted by swksvolFF 2024-04-25 11:04|| 2024-04-25 11:04|| Front Page Top

#10 ^ Yes, as designed by the gov't.

Posted by Besoeker 2024-04-25 11:17|| 2024-04-25 11:17|| Front Page Top

#11 Those income tax brackets don't adjust either.

Say what you will about The Aztecs, they had a lower tax rate.

Posted by swksvolFF 2024-04-25 12:19|| 2024-04-25 12:19|| Front Page Top

#12 ^ The whole ripping-the-heart-out thing was a precursor to the IRS audit

Posted by Frank G 2024-04-25 12:49|| 2024-04-25 12:49|| Front Page Top

#13 This won’t happen because the big money people who fund Biden won’t let it happen. It’s a feint to make it seem as though he’s looking out for the little guy. When it doesn’t happen he’ll blame MAGA Republicans. Theater.

Posted by Remoteman 2024-04-25 12:58|| 2024-04-25 12:58|| Front Page Top

#14 Didn't levy a tax on the sacrifice for dying, so they had that.

Posted by swksvolFF 2024-04-25 13:15|| 2024-04-25 13:15|| Front Page Top

#15 What part of "Theirs" didn't you grasp from The IRS?

Posted by Procopius2k 2024-04-25 17:02|| 2024-04-25 17:02|| Front Page Top

#16 They will tax you into dependency on the government.

Posted by DarthVader 2024-04-25 17:05|| 2024-04-25 17:05|| Front Page Top

#17 First tax FJB's income at 100%

Posted by Elmaper+McGurque1612 2024-04-25 21:00|| 2024-04-25 21:00|| Front Page Top

21:00 Elmaper+McGurque1612
20:12 swksvolFF
20:09 swksvolFF
19:22 Frank G
18:57 swksvolFF
18:42 magpie
17:05 DarthVader
17:02 Procopius2k
16:25 borgboy
16:20 alanc
16:17 alanc
15:12 Skidmark
15:10 Skidmark
15:08 Tom
15:02 Angealing+B.+Hayes4677
14:23 Unung the Furry2677
14:11 Unung the Furry2677
14:06 Unung the Furry2677
13:29 DarthVader
13:21 Airandee
13:19 Airandee
13:15 swksvolFF
13:06 swksvolFF
13:04 NoMoreBS