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

[AntonToo]

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!!

No you didn’t read it right, go first read up what MARGINAL tax rate is. Effective tax rate would be considerably lower unless we are talking about hundreds of millions.

 

[Moonglow]

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!!

Who makes tax law,(it isn't the president)?

 

[LordBrownTrout]

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

No, what we have is an incompetent invalid in charge.

 

[jackflash]

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

There will always be the dyed in the wool GG's(Gully Gullible's) that will vote for those candidates that support the marxinazi religion. U R correct though like how long can the GG's be able to afford to vote for the Biden types???

 

[Jim H - VA USA]

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!!

Full document here:

https://i.dailymail.co.uk/i/pix/2024/gen.pdf

He appears determined to finish off our economy if re-elected.

 

[HikerGuy83]

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.

You need to go too.

 

[HikerGuy83]

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

Did you just figure that out ?

 

[francoHFW]

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!!

BS