This is actually an adult question, so I’ll participate
Posted on: October 8, 2020 at 10:05:00 CT
Macgrantt MU
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It’s extremely likely if Biden wins that the capital gains will revert to your tax bracket. If your tax bracket is low because you’re not making that much money, this would have little impact. For people with more income, this could impact them. Biden has professed that anyone making under $400,000 will not see their taxes raise. If you’re making over 400,000 and look to have capital gains, this is something to consider.
With the growing deficit, something has to be done to generate revenue. It may be even if Trump were to win, capital gains taxes would increase.
So to address your post, I’m strongly considering selling before the end of the year.
Now try to restrain your latent homosexuality and remain calm.