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Read the last paragraph.

Posted on: April 23, 2021 at 11:42:00 CT
RHAYWORTH MU
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"Capital gains taxes are paid when an asset is sold, and are applied to the amount of appreciation on the asset from when it was bought to when it is sold. Congressional Democrats have separately proposed a series of changes to capital-gains taxation, including imposing the levies annually instead of when they are sold".

This is likely to get included in bidens proposal.
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43.4% Capital Gains tax? Seriously, Robinette? - Spanky KU - 4/23 11:04:22
     Democrats are evil people. 51% allows me to take your stuff - Coors4bob MU - 4/23 15:10:04
     So I better sell all my rentals now - tigerinhogtown STL - 4/23 13:02:43
     Government has first claim on all money in the US - Bulldog Bob Brown STL - 4/23 11:47:31
     my take - Emoji Man MSU - 4/23 11:27:28
          Problem is we both know they will run out of rich people. - Coors4bob MU - 4/23 15:11:02
          RE: my take - Ragnar Danneskjold MU - 4/23 11:38:37
     More theft. (nm) - ummmm MU - 4/23 11:21:24
     The annual taxation of capital gains is disturbing. - RHAYWORTH MU - 4/23 11:12:43
          there is no capital gain triggered if still holding - ashtray UF - 4/23 11:22:37
               That's the current situation. you missed change - RHAYWORTH MU - 4/23 11:38:38
                    I think you're confused - ashtray UF - 4/23 11:39:27
                         Read the last paragraph. - RHAYWORTH MU - 4/23 11:42:00
                              That's unlikely to get into Biden's proposal. The power - ummmm MU - 4/23 11:44:21
                                   There has been discussion about him eliminating 1031 - MUTGR MU - 4/23 12:55:56
                                   The problem is in raising taxes that high, for "equity" - RHAYWORTH MU - 4/23 12:00:41
                                        You’re the one who said “sadly that’s not true” - pickle MU - 4/23 12:02:50
                                             don't you have another stabby criminal or two to defend? - RHAYWORTH MU - 4/23 12:11:28
                                        Yes. With rare exception, taxes burden the middle class the - ummmm MU - 4/23 12:02:34
               Warren was discussing taxing unrealized gains. Don’t think - Emoji Man MSU - 4/23 11:26:45
                    how exactly does that work for assets - o'lineydisciple MU - 4/23 14:08:51
                    That would be insane as those fluctuate on a daily - HandBanana MU - 4/23 11:57:25
                    yeah, her wealth tax insanity (nm) - ashtray UF - 4/23 11:28:36
               I thought that was - Rabbit Test MU - 4/23 11:23:01
     So people who buy and sell stocks should pay a lower rate - SparkyStalcup MU - 4/23 11:11:56
          Maybe we should lower income tax rates - DC Jayhawk KU - 4/23 11:58:36
               That would be too smart - Spanky KU - 4/23 12:12:59
          RE: So people who buy and sell stocks should pay a lower rate - BH O'bonga MU - 4/23 11:38:23
          also, the wealthy you want to target for more tax revenue - ashtray UF - 4/23 11:34:38
          Yes, money being invested has already been taxed (nm) - Sal CMSU - 4/23 11:31:44
          They already paid income tax on the money they’re investing(nm) - El-ahrairah BAMA - 4/23 11:30:21
          Wage earners invest too, dumb ass. - Emoji Man MSU - 4/23 11:28:46
               Not in daskapitalland. There are classes of people. (nm) - ummmm MU - 4/23 11:31:03
          what risk does a wage earner take? (nm) - ashtray UF - 4/23 11:24:18
               Also sole proprietorships pay this rate and take significant - SparkyStalcup MU - 4/23 11:26:24
                    gamble? - ashtray UF - 4/23 11:28:14
                    The nuances of organized mass theft. (nm) - ummmm MU - 4/23 11:27:54
          All taxes should be eliminated, of course. - ummmm MU - 4/23 11:20:57
               Is interest theft? Is compound interest more theft?(nm) - glue MU - 4/23 11:25:21
                    In a contract between two private parties? No. - ummmm MU - 4/23 11:26:18
          Yes. The invested money has already been taxed and has - Spanky KU - 4/23 11:20:34
          Yes, you ignorant troll. - RHAYWORTH MU - 4/23 11:15:48
               This is not the right approach to stand up for less taxes. - ummmm MU - 4/23 11:22:10
               Hedge fund people don't create jobs in any meaningful - SparkyStalcup MU - 4/23 11:21:02
                    of course they do - ashtray UF - 4/23 11:25:52
                         They just game the system. They don't provide meaningful - SparkyStalcup MU - 4/23 11:30:59
                              how are they "gaming the system"? - ashtray UF - 4/23 11:32:34
                              Let's add hedge funds to the list of things you do not - ummmm MU - 4/23 11:32:09
                    That's not always the case. - ummmm MU - 4/23 11:25:09
     won't happen, it's an initial negotiating position (nm) - TigerJackSwartz MU - 4/23 11:10:33
     I don't think so - Rabbit Test MU - 4/23 11:09:17




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