Biden's proposed taxes will crush small business owners

[Blues Man]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

 

[Mac1958]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Few businesses are sold for cash. Most are sold via other methods, such as multi-year buyouts/installment sales, stock sales, sinking funds, ESOPs.

And proper planning can mitigate a good portion of taxes to which the owner is exposed.

 

[Manonthestreet]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Whats left of em

 

[justinacolmena]

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

And why do you think the government stole the election for bigger government and higher taxes under Biden? If the average small town city cop makes $180,000 per year plus overtime and bonuses and a defined benefit life pension for twenty years of service?

Gun rights revoked by a gang of Democrat psychiatrists, psychologists, mental health workers, social workers, therapists and counselors, what happens to that 100K / year earnings potential over the average lifetime?

 

[Persistence Of Memory]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Well gee. Half of all bizzes are foldin or teeterin on ruin because of this China Virus. Why not wipe out the other half??.Seems like a good libturd idea.

 

[JimBowie1958]

This says it all

 

[Blues Man]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Few businesses are sold for cash. Most are sold via other methods, such as multi-year buyouts/installment sales.

And proper planning can mitigate a good portion of taxes to which the owner is exposed.

Many business are sold for cash via SBA loans or bank loans.

I sold 5 commercial properties this year and will not get whacked with a 40% tax

Spreading a sale over many years can adversely affect a persons investment strategy all because for a one time transaction.

Like I said the little guy gets crushed again

 

[Rambunctious]

With all of the lockdowns happening again small businesses won't be around for Joe to tax......democrats do not like prosperity for the masses....they want despair and poverty so the people will support their tax hikes and regulations....

 

[Mac1958]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Few businesses are sold for cash. Most are sold via other methods, such as multi-year buyouts/installment sales.

And proper planning can mitigate a good portion of taxes to which the owner is exposed.

Many business are sold for cash via SBA loans or bank loans.

I sold 5 commercial properties this year and will not get whacked with a 40% tax

Spreading a sale over many years can adversely affect a persons investment strategy all because for a one time transaction.

Like I said the little guy gets crushed again

Proper planning can mitigate a good portion of taxes to which the owner is exposed.

The owner is responsible for that.

 

[Moonglow]

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

And why do you think the government stole the election for bigger government and higher taxes under Biden? If the average small town city cop makes $180,000 per year plus overtime and bonuses and a defined benefit life pension for twenty years of service?

Gun rights revoked by a gang of Democrat psychiatrists, psychologists, mental health workers, social workers, therapists and counselors, what happens to that 100K / year earnings potential over the average lifetime?

Small town cops around here make 40k per annum
And we all have our firearms.

 

[Blues Man]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Few businesses are sold for cash. Most are sold via other methods, such as multi-year buyouts/installment sales.

And proper planning can mitigate a good portion of taxes to which the owner is exposed.

Many business are sold for cash via SBA loans or bank loans.

I sold 5 commercial properties this year and will not get whacked with a 40% tax

Spreading a sale over many years can adversely affect a persons investment strategy all because for a one time transaction.

Like I said the little guy gets crushed again

Proper planning can mitigate a good portion of taxes to which the owner is exposed.

The owner is responsible for that.

yeah and what about all those people planning to sell next month when there is no way of knowing if Senile Joe will get his taxes passed retroactively?

Or the guy who had a closing postponed so that the sale goes through Jan 2?

Fucking politicians don't give a fuck about you

 

[Mac1958]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Few businesses are sold for cash. Most are sold via other methods, such as multi-year buyouts/installment sales.

And proper planning can mitigate a good portion of taxes to which the owner is exposed.

Many business are sold for cash via SBA loans or bank loans.

I sold 5 commercial properties this year and will not get whacked with a 40% tax

Spreading a sale over many years can adversely affect a persons investment strategy all because for a one time transaction.

Like I said the little guy gets crushed again

Proper planning can mitigate a good portion of taxes to which the owner is exposed.

The owner is responsible for that.

yeah and what about all those people planning to sell next month when there is no way of knowing if Senile Joe will get his taxes passed retroactively?

Or the guy who had a closing postponed so that the sale goes through Jan 2?

Fucking politicians don't give a fuck about you

We'll see. No one has a crystal ball, especially those who convince themselves that they do.

 

[Turtlesoup]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Which means no job and giant recession depression coming IF BIDEN GETS IN. Who wants to go back to the Obama early years? It will be worse, much worse, this time around.

 

[JimBowie1958]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Which means no job and giant recession depression coming IF BIDEN GETS IN. Who wants to go back to the Obama early years? It will be worse, much worse, this time around.

I am putting all my assets into precious metals, crypto and real estate.

 

[EvilCat Breath]

How many small businesses will be left after the communists get done with the covid hoax? What do you think 2020 profit and loss statements will look like?

 

[rightwinger]

What Bullshit

Small business will return to the rates they paid for 40 years

 

[rightwinger]

How many small businesses will be left after the communists get done with the covid hoax? What do you think 2020 profit and loss statements will look like?

COVID Hoax?
And the whole world fell for it?

You are an asshole

 

[bripat9643]

So Senile Joe in his desire to tax "rich" people has proposed a capital gains tax change that will crush small business owners.

Here's how the little guy gets crushed again.

Doddering Joe wants to change the capital gains tax so that anyone with 1 million in income is no longer eligible for the 20% tax rate that has been the standard for years. So that means any small business owner who sells his business when he retires and if that one time sale puts his income over 1 million dollars he must pay 39.6% on that one time sale which was most likely his retirement nest egg.

Do you people really think that a guy who built an ran a business and probably make less than 100K a year and who sells his business so he can retire should lose 40% of his nest egg to the fucking government

Yes they do believe that. Dims are all scum.

 

[bripat9643]

What Bullshit

Small business will return to the rates they paid for 40 years

Those rates were a rip-off.

 

[LeftofLeft]

Democrats demonize Wall Street which is really just a cattle call to be a crony. It is Main Street that gets fucked by today’s Democrats.