Potato Head Biden Proposes Taxes as High as 43.4% On Capital Gains (accuse, Murray)

[Rocko20]

Originally Posted by L8Gr8Apost8

Do you consider 1 million dollars of investment income a year rich? I sure do.

Do you know how to go from being lower class to 1 million dollar of investment income?

By not being taxed on your way up the social ladder. Maybe you don’t like social mobility.

[markjames68]

Originally Posted by Rocko20

Good.

Elections have consequences and now liberal America sees what happens when democrats are back in power. Tax, tax, tax, they can’t get enough of it.

The problem is that liberal Americans either don’t pay taxes or make so much that they can afford it.

[notnamed]

Originally Posted by Rocko20

Do you know how to go from being lower class to 1 million dollar of investment income?

By not being taxed on your way up the social ladder. Maybe you don’t like social mobility.

...

This new rate would not apply until you were already making 1 million in investment income.

[workingclasshero]

Originally Posted by sholomar

A minor selloff. I support higher income taxes for the top. Problem is certain people can get around them anyways with loopholes and write-offs. We had a top rate of 60-70% most of last century. I'd say 45% is reasonable if the income is high enough.

why do liberals continue to want to DISCRIMINATE??


tax everyone equally. don't discriminate

[Rocko20]

Originally Posted by notnamed

My retirement portfolio is up 57% for the year. This blip was nothing. Just means the stocks I'm continuing to buy for it are a little cheaper today.

3 million deaths and counting is something.

Not at all. 55 million people die every year, the human race is not as sacred as you wish it was.

There would be global world peace if humans cared about human life. Today, a person can get killed over a stimulus check, in a developed country. There’s literally a weekly mass shooting in the inner cities of America, in a developed country.

Humans didn’t care about life before covid, and they damn sure don’t care about life during it.

[TMSRetired]

Originally Posted by Rocko20

Do you know how to go from being lower class to 1 million dollar of investment income?

By not being taxed on your way up the social ladder. Maybe you don’t like social mobility.

I'll tell ya, it was not my job and salary that allowed me to accumulate enough wealth to retire early.
Folks need an income stream once they retire and SS is only one small piece.

[notnamed]

Originally Posted by workingclasshero

why do liberals continue to want to DISCRIMINATE??


tax everyone equally. don't discriminate

Everyone is taxed equally.

[L8Gr8Apost8]

Originally Posted by TMSRetired

That $1million is cap gains, profit and not guaranteed each year.

Im pretty sure they vast majority of Americans would be happy to earn in excess of a million even one year of their lives.

[Rocko20]

Originally Posted by notnamed

...

This new rate would not apply until you were already making 1 million in investment income.

And I have a bridge to sell you

[TMSRetired]

Originally Posted by notnamed

...

This new rate would not apply until you were already making 1 million in investment income.

I don't think you read the article correctly.

It's based on income and starts at $445,850 of income. Annual income, not investment profits.


https://www.cnbc.com/2021/04/22/how-...e-wealthy.html