Smokey Mtn. Dinar Posted April 22, 2021 Report Share Posted April 22, 2021 (edited) Biden Weighs Raising Capital Gains Rate to Over 40 Percent Zachary Evans 1 hr ago President Biden is expected to announce a proposal to nearly double the capital gains tax rate in order to help fund a forthcoming spending package, according to multiple reports. © Tom Brenner/Reuters President Biden speaks at the White House in Washington, D.C., April 20, 2021. The proposal would set the capital gains tax rate for individuals earning over $1 million at 39.6 percent, two people familiar with the plan told Bloomberg. When combined with an existing federal surtax on investment income, investors could pay federal taxes at a rate of as high as 43.4 percent. In states with high taxes, rates for wealthy individuals could be even higher. New Yorkers making over $1 million would see combined federal and state capital gains tax rates of as high as 52.22 percent, while California residents in the same income bracket could see a 56.7 percent combined federal and state capital gains rate. The White House did not immediately comment on the report, and the Treasury Department declined Bloomberg‘s request for comment. Stocks fell sharply following news of the potential tax increase on Thursday, with the Dow Jones dropping 400 points. The tax increase is part of a proposal to fund the Biden administration’s American Families Plan, which is expected to call for $1 trillion in new spending and about $500 billion in tax credits for family and domestic programs. That plan would allocate billions in funding for universal pre-kindergarten instruction, paid family and medical leave, and free tuition for community college nation-wide. It is unclear if Democrats will be able to push the proposed tax increase through the Senate, where Democrats are tied with Republicans and Vice President Kamala Harris holds the tie-breaking vote. For the plan to pass, the Biden administration would need the support of all Senate Democrats. https://www.msn.com/en-us/news/politics/biden-weighs-raising-capital-gains-rate-to-over-40-percent/ar-BB1fWFRe?ocid=uxbndlbing Edited April 22, 2021 by Smokey Mtn. Dinar 1 1 3 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted April 22, 2021 Report Share Posted April 22, 2021 4 1 3 Quote Link to comment Share on other sites More sharing options...
Shelley Posted April 22, 2021 Report Share Posted April 22, 2021 5 minutes ago, Smokey Mtn. Dinar said: Biden Weighs Raising Capital Gains Rate to Over 40 Percent Zachary Evans 1 hr ago President Biden is expected to announce a proposal to nearly double the capital gains tax rate in order to help fund a forthcoming spending package, according to multiple reports. © Tom Brenner/Reuters President Biden speaks at the White House in Washington, D.C., April 20, 2021. The proposal would set the capital gains tax rate for individuals earning over $1 million at 39.6 percent, two people familiar with the plan told Bloomberg. When combined with an existing federal surtax on investment income, investors could pay federal taxes at a rate of as high as 43.4 percent. In states with high taxes, rates for wealthy individuals could be even higher. New Yorkers making over $1 million would see combined federal and state capital gains tax rates of as high as 52.22 percent, while California residents in the same income bracket could see a 56.7 percent combined federal and state capital gains rate. The White House did not immediately comment on the report, and the Treasury Department declined Bloomberg‘s request for comment. Stocks fell sharply following news of the potential tax increase on Thursday, with the Dow Jones dropping 400 points. The tax increase is part of a proposal to fund the Biden administration’s American Families Plan, which is expected to call for $1 trillion in new spending and about $500 billion in tax credits for family and domestic programs. That plan would allocate billions in funding for universal pre-kindergarten instruction, paid family and medical leave, and free tuition for community college nation-wide. It is unclear if Democrats will be able to push the proposed tax increase through the Senate, where Democrats are tied with Republicans and Vice President Kamala Harris holds the tie-breaking vote. For the plan to pass, the Biden administration would need the support system" rel="">support of all Senate Democrats. https://www.msn.com/en-us/news/politics/biden-weighs-raising-capital-gains-rate-to-over-40-percent/ar-BB1fWFRe?ocid=uxbndlbing As Biden administration spends billions on illegal immigrants 🤦🏻♀️ 4 1 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted April 22, 2021 Report Share Posted April 22, 2021 Biden is such a POS, I truly hope he gets what he deserves very soon!!! 4 1 11 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted April 22, 2021 Report Share Posted April 22, 2021 You won't actually get the truth if you ask Biden supporter.....they will just say it's better than the last Admin! 3 1 10 Quote Link to comment Share on other sites More sharing options...
Karsten Posted April 22, 2021 Report Share Posted April 22, 2021 Just now, boosterbglee said: You won't actually get the truth if you ask Biden supporter.....they will just say it's better than the last Admin! The biden/harris Supporters are all in for anything that either Reverses any and everything Trump and MAGA did......Even better is the support for Any and Everything that step us one step Closer to Communism/Socialism. They just can't go all in until they Get the Guns out of the Hands of God Fearing, Bible Thumping, Patriotic American. Karsten 1 4 9 Quote Link to comment Share on other sites More sharing options...
Artitech Posted April 23, 2021 Report Share Posted April 23, 2021 3 hours ago, Pitcher said: First of all this punk Biden is not a president, he’s a subversive lying pony soldier! Im praying for a live on the air massive heart attack or stroke! Preferably a bed ridden stroke with no ability to speak or write! JMHO 😎 8 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted April 23, 2021 Report Share Posted April 23, 2021 Then you will get someone dumber than Biden, Ole Heels Up!! The Rat party has some REAL heavy hitters 6 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted April 23, 2021 Report Share Posted April 23, 2021 30 minutes ago, Artitech said: Preferably a bed ridden stroke with no ability to speak or write! JMHO 😎 He has no ability to speak or write now, he has handlers taking care of that because they know he bumbles up even the easy stuff. Just saying pp 1 5 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted April 23, 2021 Report Share Posted April 23, 2021 49 minutes ago, Artitech said: First of all this punk Biden is not a president, he’s a subversive lying pony soldier! Im praying for a live on the air massive heart attack or stroke! Preferably a bed ridden stroke with no ability to speak or write! JMHO 😎 You might have to settle for a video taped military tribunal with confessions followed by execution👍 2 4 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted April 23, 2021 Report Share Posted April 23, 2021 1 hour ago, Longtimelurker said: You might have to settle for a video taped military tribunal with confessions followed by execution👍 We can only hope that would be the absolute best day!!! 1 5 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 23, 2021 Report Share Posted April 23, 2021 The vote recount and audit started yesterday let’s see what happens go trump! 2 4 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 23, 2021 Report Share Posted April 23, 2021 18 hours ago, Dinarrock said: We can only hope that would be the absolute best day!!! I would pay big dollars to trump to see that 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 23, 2021 Report Share Posted April 23, 2021 Arizona audit starts tomorrow 6 Quote Link to comment Share on other sites More sharing options...
jg1 Posted April 23, 2021 Report Share Posted April 23, 2021 30 minutes ago, screwball said: Arizona audit starts tomorrow https://www.thegatewaypundit.com/2021/04/breaking-judge-orders-temporary-halt-arizona-forensic-ballot-audit-monday-democrats-file-suit-shut-process/ 1 2 Quote Link to comment Share on other sites More sharing options...
NextYear Posted April 23, 2021 Report Share Posted April 23, 2021 15 minutes ago, jg1 said: https://www.thegatewaypundit.com/2021/04/breaking-judge-orders-temporary-halt-arizona-forensic-ballot-audit-monday-democrats-file-suit-shut-process/ Shocking. I wonder what they are afraid of? (sarcastic question) 1 3 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted April 24, 2021 Report Share Posted April 24, 2021 We are screwed! Up to 57% in CA, 52% or somethingin NY....holy mother of God. THEIVES!!! What is it now, around 35%?? 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted April 24, 2021 Report Share Posted April 24, 2021 2 hours ago, NextYear said: Shocking. I wonder what they are afraid of? (sarcastic question) Yeah wonder put I will donate million to trump just to watch those maggots get executed one day it will come 3 3 2 Quote Link to comment Share on other sites More sharing options...
Inbedded HorseHead Posted April 24, 2021 Report Share Posted April 24, 2021 The Facists better get this done quick because ‘22 is quickly coming....let’s pray for Joe Manchin and Kristen Sinema, our only hope to get this ratcheted down........... There is still debate whether trading currency will be taxed as income or Cap Gains....I never saw it settled here. 3 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted April 24, 2021 Report Share Posted April 24, 2021 13 hours ago, NextYear said: Shocking. I wonder what they are afraid of? (sarcastic question) The Rats want "Free and Fair" elections on THEIR terms ONLY. Which is Rat speech for rigged and corrupt. If (as they say) everything was above board and no fraud, then what's the problem with the AZ audit. And we all know the answer to that, don't we?? Anyone want to guess what political leanings of that judge that ordered the temporary halt? Can't wait to hear the utterly logical and sensable reason the Rats filed suit to shut this down! 6 1 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted April 24, 2021 Report Share Posted April 24, 2021 Just read that the judge said he would temporarily halt the AZ audit ONLY if the Rats posted a $1 million bond, which they refused to do. So unless another turd is tossed into the punch bowel by the Rats, looks like the audit will occur. 6 2 1 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted April 24, 2021 Report Share Posted April 24, 2021 9 hours ago, Inbedded HorseHead said: The Facists better get this done quick because ‘22 is quickly coming....let’s pray for Joe Manchin and Kristen Sinema, our only hope to get this ratcheted down........... There is still debate whether trading currency will be taxed as income or Cap Gains....I never saw it settled here. What does an election matter? They have it down pat now that they win through fake voting. You can “take a stand” but they don’t listen to peaceful protests. Only thing at this point, and they are pushing for it, is 1776. But that should be up to the military. And unless that happens...America is done from inside, with little shots needed. They have been working on this since the 1920’s. 2 2 Quote Link to comment Share on other sites More sharing options...
Karsten Posted April 26, 2021 Report Share Posted April 26, 2021 On 4/24/2021 at 4:21 PM, cjdavid said: What does an election matter? They have it down pat now that they win through fake voting. You can “take a stand” but they don’t listen to peaceful protests. Only thing at this point, and they are pushing for it, is 1776. But that should be up to the military. And unless that happens...America is done from inside, with little shots needed. They have been working on this since the 1920’s. CJD, You have forgotten that in 1776 only 3% took a Stand against the British Rule. Today you have well over 100 million Bible Thumping, Gun Owners with all the Ammo....That is going to be a lot of pissed off people the left with have to deal with. Crap is coming and they just (the Left) think they can say what ever they want, do what ever they want.....Until it gets real and the SHTF.... Who are they going to Call? Better Question is who the hell is even going to Respond? True Americans are Pissed and have had enough of this BS. Karsten 1 5 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted April 26, 2021 Report Share Posted April 26, 2021 1 minute ago, Karsten said: True Americans are Pissed and have had enough of this BS. Yes we are...and...yes we have!!!👍🇺🇸 4 Quote Link to comment Share on other sites More sharing options...
Karsten Posted April 26, 2021 Report Share Posted April 26, 2021 4 minutes ago, CSM (R) Thack said: Yes we are...and...yes we have!!!👍🇺🇸 You know the older we all get, The pains, the BS, the BS Doctors that can't figure anything out.....What is another camping trip with Like Minded Patriots......30 Minutes to shoot up my Ammo and go out in a Pile of Brass or Life in Prison....I will take that Pile of Brass. The Left had better know what they signed on too....Defunding Police, Cutting the Military, Shutting off US Jobs, High Taxes to pay Themselves more....How could they not Think This Fool Power Grab could go Wrong? Hell, I don't know.....Maybe Shabs, Caddie and the rest can set us all Straight. Karsten 1 2 Quote Link to comment Share on other sites More sharing options...
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