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Biden Proposes Massive Tax Increase

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Dos Equis:
I have some choice words for this man.   >:(

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/

Dos Equis:
A full list of his proposed tax increases, including raising the corporate tax rate.  This is the kind of thing you expect from a socialist idiot who has never run a business and does not understand how the economy works.  This would be a disaster.  I would walk over crushed glass to vote for Trump over Biden on this basis alone.

https://www.pgpf.org/blog/2024/04/president-bidens-budget-calls-for-raising-43-trillion-in-revenues-over-ten-years-heres-how

chaos:
ORANGE MAN BAD!!!! >:( >:( >:(

IroNat:
The proposed cap gains tax rate increase applies to investors who make over $1 million a year.

See details:

https://www.kiplinger.com/taxes/biden-calls-for-doubling-capital-gains-tax-rate

This will never pass.

Some of it is bargaining.  Ask for a lot...settle for less.

Moontrane:

--- Quote from: Dos Equis on April 24, 2024, 04:12:09 PM ---I have some choice words for this man.   >:(

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/

--- End quote ---

Damn the tax revenue, It's about fairness!

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