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Old 05-01-2021, 08:41 AM
 
10,242 posts, read 6,792,368 times
Reputation: 11342

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Quote:
Originally Posted by kosb View Post
Its probably a strike to the loophole which both Trump and Kushner boasted of using it and was legal before. https://www.bloomberg.com/news/artic...-shot-at-trump
Its not a loophole but tax law thats in been place for over a hundred years.

The entire Biden Administration has been nothing but vindictive and catering to their special interests since having power. Talking about vindictive Biden just announced hes cancelled the Mt. Rushmore fireworks this year.
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Old 05-01-2021, 11:17 AM
 
4,099 posts, read 4,132,871 times
Reputation: 2056
Quote:
Originally Posted by HudsonCoNJ View Post
That doesn't really seem logical to me. A $500,000 tax free profit is still huge. You can buy a $1 million multi-family house and it would have to appreciate by more than 50% before your gains are taxed. I don't see how this would make someone who invests in multi-family houses want to suddenly start buying up single family houses.
Much of the capital gain is driven by inflation, a direct respect to government spending.

I wish politicians just stop messing with the tax code. It is so damn complicated.

Put a consumption tax on it and call it a day. You tax on what you spent no on what you earned.
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Old 05-01-2021, 10:52 PM
 
2,132 posts, read 2,214,760 times
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Quote:
Originally Posted by DannyHobkins View Post
The entire Biden Administration has been nothing but vindictive and catering to their special interests since having power. Talking about vindictive Biden just announced hes cancelled the Mt. Rushmore fireworks this year.
Good job trying to make it sound like an unprecedented move.

https://www.forbes.com/sites/tommybe...h=1f96a21f45e4

Quote:
Last year was the first time fireworks were allowed at a Mount Rushmore Independence Day celebration since 2009. Firework displays had been canceled each year for the previous decade due to wildfire risks. Last month, the park service formally denied South Dakota's request to hold a fireworks display this year. Explaining his agency's decision, Herbert Frost, a regional director, stated, "potential risks to the park itself and to the health and safety of employees and visitors associated with the fireworks demonstration continue to be a concern and are still being evaluated as a result of the 2020 event." Frost also noted the park's tribal partners "expressly oppose fireworks at the Memorial." Those factors, in addition to the Covid-19 pandemic which would make social distancing would be "difficult, if not impossible," do not allow "a safe and responsible fireworks display to be held," Frost asserted.
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Old 05-02-2021, 10:30 AM
 
10,242 posts, read 6,792,368 times
Reputation: 11342
Quote:
Originally Posted by Kthnry View Post
Good job trying to make it sound like an unprecedented move.

https://www.forbes.com/sites/tommybe...h=1f96a21f45e4
It was absolutely unprecedented. The federal grants were all permitted, extensive planning already paid and done, fire prevention completed and federal money already funded the event, and the pyrotechnics were already installed.

All done because of 'safety concerns of coronavirus' in the middle of the nowhere. Complete and under BS.

Now the Governor is suing the Biden Administration.

https://www.google.com/amp/s/nypost....fireworks/amp/

Last edited by DannyHobkins; 05-02-2021 at 10:39 AM..
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