Biden is out to kill Capitalism... highest capital tax since the great depression

[healthmyths]

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the...

www.atr.org

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states

President Biden has formally proposed the highest top capital gains tax in over 100 years.

Here is a direct quote from the Biden 2025 budget proposal:“Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.

Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.


Biden is guaranteeing his loss ! Thanks JOE!!! way to go!!

 

[jackflash]

View attachment 937271

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the...

www.atr.org

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states

President Biden has formally proposed the highest top capital gains tax in over 100 years.

Here is a direct quote from the Biden 2025 budget proposal:“Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.

Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.


Biden is guaranteeing his loss ! Thanks JOE!!! way to go!!

The elitists strongest drive is for a kings & serfs society globally.

 

[Rambunctious]

Biden is so bad for America even people who absolutely hate Trump will vote for Trump over Biden....

 

[Thinker101]

View attachment 937271

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the...

www.atr.org

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states

President Biden has formally proposed the highest top capital gains tax in over 100 years.

Here is a direct quote from the Biden 2025 budget proposal:“Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.

Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.


Biden is guaranteeing his loss ! Thanks JOE!!! way to go!!

So I'd guess, the only Biden voters that remain are the ones that don't know what capital gains are.

 

[healthmyths]

Biden's entire TAX plan...

President Biden’s Budget Calls for Raising $4.3 Trillion in Revenues Over Ten Years — Here’s How

The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.

www.pgpf.org

 

[Burgermeister]

In that same proposal he wants to tax unrealized capital gains. It's unbelievable.

Creates “billionaire” minimum tax. The budget proposes a new minimum tax of 25 percent on income and unrealized capital gains for taxpayers with more than $100 million in total wealth. This new minimum tax would be a third, parallel income tax system, adding to the existing alternative minimum tax. The new minimum tax applies to two entirely new tax bases—wealth and unrealized capital gains. Defining and taxing wealth and unrealized capital gains pose numerous practical challenges and high economic costs.

https://www.cato.org/blog/what-does-biden-plan-tax-code

 

[BluesLegend]

It's just red meat for the left wing loser votes, Dems are never going to tax themselves like this.

 

[Missouri_Mike]

It's just red meat for the left wing loser votes, Dems are never going to tax themselves like this.

Sure they will. Unintentionally of course. You have to remember there are no productive democrats. It’s all elites with family money and the welfare class. The welfare class will fuck the elites no doubt.

 

[ScorpioRising007]

View attachment 937271

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - Americans for Tax Reform

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the...

www.atr.org

And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states

President Biden has formally proposed the highest top capital gains tax in over 100 years.

Here is a direct quote from the Biden 2025 budget proposal:“Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.

Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.


Biden is guaranteeing his loss ! Thanks JOE!!! way to go!!

I say getting rid of Capitalism in America would be a very good thing. I been preaching socialism in America for years. Capitalism definitely needs to go. I hope Biden keeps up the good work.

 

[g5000]

Biden is so bad for America even people who absolutely hate Trump will vote for Trump over Biden....

Really? You think average Americans give a flying fuck that someone who raked in a few million dollars without working for it is being taxed more?

BWA-HA-HA-HA-HA-HA-HA!

 

[healthmyths]

I say getting rid of Capitalism in America would be a very good thing. I been preaching socialism in America for years. Capitalism definitely needs to go. I hope Biden keeps up the good work.

So you want this then?

 

[g5000]

What we have is crony capitalism. Our legislative field is radically tilted in favor of those with the money to buy our politicians.

 

[Yarddog]

What we have is crony capitalism. Our legislative field is radically tilted in favor of those with the money to buy our politicians.

Your corrupt politicians will still pick and choose who they allow to have the money. They will still get thier kickbacks. The extremely wealthy will still do just fine with a 44% capital gains, but it will crush anyone trying to come up and create generational wealth.

 

[Yarddog]

I say getting rid of Capitalism in America would be a very good thing. I been preaching socialism in America for years. Capitalism definitely needs to go. I hope Biden keeps up the good work.

Just move to Cuba already. I hear the weather is fine.

 

[healthmyths]

Biden is so bad for America even people who absolutely hate Trump will vote for Trump over Biden....

Hey I don't like Trump personally. He's a braggart. A narcissist. An asshole. HE also is like some bosses I've had who were like him and like him THEY GOT things done! Remember Trump has never been a politician. He is an executive.
He had a lot of accomplishments and what is really stupid is people don't like him because he's not a politician, i.e. kissing everyone's butts! This video explains what Trump is NOT!!
Watch this governor in the movie "Best Little Whorehouse in Texas"..dancing the Sidestep?

 

[Rambunctious]

Trump was a good president and will be again... Biden is a disaster....

 

[Rambunctious]

Really? You think average Americans give a flying fuck that someone who raked in a few million dollars without working for it is being taxed more?

BWA-HA-HA-HA-HA-HA-HA!

Yes if its the persons boss and employer... if he the employer has less money due to tax rates he can't pay more or hire more help... so everyone is working harder for the company and earning less as Joe's inflation take every last dime....

 

[Lesh]

Yes if its the persons boss and employer... if he the employer has less money due to tax rates he can't pay more or hire more help... so everyone is working harder for the company and earning less as Joe's inflation take every last dime....

You make this whine when unemployment is low and jobs are plentiful (wagers are up as well)?

 

[BasicHumanUnit]

I say getting rid of Capitalism in America would be a very good thing. I been preaching socialism in America for years. Capitalism definitely needs to go. I hope Biden keeps up the good work.

Translation:

"I'm a lazy fuck who has never wanted to work but I sure do love me some government free stuff. Yall done paid for all my chirun, my spensive house and my caws and now I wants my reparayshuns. Where my EBT card at?"

 

[BasicHumanUnit]

All fun aside, it seems Capitalism is not "perfect"
It's effect on America has been to create a wealthy Elite class that now uses that wealth to place itself as Absolute Rulers over the rest.
But I would still say that much of the corrupting influence now on bold and detrimental display in America originated from the Elites and super wealthy from other countries. Which is why the American taxpayer is being bled dry to finance other nations while the USA is neglected. But I digress.

Considering human nature, capitalism is the best system known to man if advancement and Quality of Life are considerations.
The problem with capitalism in America is that it has provided a vehicle for the few to gain control over the entire financial, judicial and governmental systems. In ANY capitalist economy this needs to be extremely carefully controlled.

Simply put, unfair influence is available to those with larger bank accounts and that means unbalanced representation.
Instead they should be limited to doing this with a budget more consistent with AVERAGE incomes and resources.

There should be no problem with Rich folks per say especially those who got rich by enriching society with beneficial or highly desirable commodities. But they should be severely punished for even attempting to gain unequal or unfair political influence by using that wealth or using it in any way to peddle influence to further personal desires and ideology. Unfortunately, too many financial giants do that routinely today.

When that happens, doesn't Capitalism somewhat lead to a Communist like state where a small group has endowed itself with complete control over a society or nation?

Biden is being used by some of the Elites I am referring to. It was never HIS idea to change this tax. I doubt Biden could even tell you what Capital gains are.