Kamala supports 44% tax on capital gains

[Lisa558]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

 

[Moonglow]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

Oh really? It's all up to Congress to iron out.

 

[rightwinger]

Tax Capital Gains the same as any other income

 

[hadit]

Tax Capital Gains the same as any other income

And watch investment dry up to nothing. Also watch the uber-wealthy liberals now complaining that they're not taxed enough suddenly make their wealth vanish from the taxman's sight.

 

[HikerGuy83]

Pretty much says it all.

 

[Lisa558]

And watch investment dry up to nothing. Also watch the uber-wealthy liberals now complaining that they're not taxed enough suddenly make their wealth vanish from the taxman's sight.

He doesn’t care. He’s in a government pension, guaranteed for life with inflation increases. He’s set for life.

 

[MarcATL]

Threaten the American voters w/a good time, why don't you OP?

 

[Maxdeath]

Anytime Harris speaks without following a teleprompter she makes a bowling ball seem like a Harvard graduate.
She has shown that she has no idea of economics or almost any subject. She has stated that she will crash the economy on day one with her price control scheme. She even had to steal Trumps idea of not taxing tips.
But I guarantee she will get the hardcore democrat votes, the one that would vote for a goat if it was said it were a part of the democrat party.
It would be nice if we had better candidates but this is where we are at.

 

[Care4all]

And watch investment dry up to nothing. Also watch the uber-wealthy liberals now complaining that they're not taxed enough suddenly make their wealth vanish from the taxman's sight.

Where are they going to go to invest?

 

[candycorn]

Again tax all income the same. Capital gains is income.

 

[rightwinger]

And watch investment dry up to nothing. Also watch the uber-wealthy liberals now complaining that they're not taxed enough suddenly make their wealth vanish from the taxman's sight.

More fear mongering

They tax worker pay and I don’t see them refusing to work

 

[DGS49]

The rational control of capital gains taxes is one of the most important tools the Federal government has in incentivizing INVESTMENT, which is the lifeblood of a capitalist economy.

This is why Democrats should never be put in charge of the Federal government. They are economically illiterate; worse, they are evil. There is not a single leading Democrat in Washington who has ever had a Real (responsible) Job in the private sector, or run a business. It is pathetic.

 

[Votto]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

So this is not just capital gains on the rich, this is capital gains on the Middle Class?

Wow!!

No more Middle Class.

But not to worry, Kamala will put price controls in place for the bread lines.

 

[Votto]

Again tax all income the same. Capital gains is income.

What if they redefine Capital gains as wages and tips, much like the Left has redefined inflation being price gauging by corporations?

 

[Votto]

Once the government takes half of what you obtain in Captial gains, it really does not make much sense to risk your money in the markets anymore.

Time to open up black markets like the former USSR

 

[Care4all]

Biden Calls for Doubling Capital Gains Tax

President Biden wanted to increase the capital gains tax rate and have the wealthy pay a “fairer” share. Will VP Kamala Harris follow?

www.kiplinger.com

Biden capital gains tax increase​

The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%.


Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold.

Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.

Biden capital gains tax increase
The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%.

Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold.

Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.

44.6% capital gains tax proposal?
You may have heard about a proposed 44.6% capital gains rate in a budget footnote. That rate is a separate proposal that if ever approved, would apply only to those with high net investment and taxable income.

The rate supposes an increase of the net investment income tax rate to 5% above the $400,000 threshold with an increased top ordinary rate of 39.6%.
. That rate is a separate proposal that if ever approved, would apply only to those with high net investment and taxable income.

The rate supposes an increase of the net investment income tax rate to 5% above the $400,000 threshold with an increased top ordinary rate of 39.6%.

 

[Lisa558]

So this is not just capital gains on the rich, this is capital gains on the Middle Class?

Wow!!

No more Middle Class.

But not to worry, Kamala will put price controls in place for the bread lines.

We need a crying icon.

 

[Lisa558]

Biden Calls for Doubling Capital Gains Tax

President Biden wanted to increase the capital gains tax rate and have the wealthy pay a “fairer” share. Will VP Kamala Harris follow?

www.kiplinger.com

Biden capital gains tax increase​

The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%.


Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold.

Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.

44.6% capital gains tax proposal?​

Biden capital gains tax increase
The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%.

Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold.

Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.

44.6% capital gains tax proposal?
You may have heard about a proposed 44.6% capital gains rate in a budget footnote. That rate is a separate proposal that if ever approved, would apply only to those with high net investment and taxable income.

The rate supposes an increase of the net investment income tax rate to 5% above the $400,000 threshold with an increased top ordinary rate of 39.6%.
. That rate is a separate proposal that if ever approved, would apply only to those with high net investment and taxable income.

The rate supposes an increase of the net investment income tax rate to 5% above the $400,000 threshold with an increased top ordinary rate of 39.6%.

And it would kill it for the middle class as their own portfolios shrink due to the robbery of the wealthy’s investments.

You’re another Dem with no understanding of economics. Which explains why you’re a Dem.

 

[Hollie]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

The more money Democrats can steal from people who are responsible with their money and invest, the more money they can spend.

 

[Winco]

Is this not the most blatant way to destroy the portfolios of successful Americans in order to hand more money over to the non-productive in society - and an obvious march toward socialism?

Kamala won’t be happy until mediocre high school grads enjoy the same lifestyle as above-average professionals with grad degrees or successful business owners - which means the mediocre, uneducated people get to move out of dumpy apartments and into an “OK” apartment, and the educated successful people get forced out of their nice SFHs and upscale townhouses into an “OK” apartment. Equity for one and all!

That is what socialism is: a shared lower lifestyle.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

Which page of this document has the 44.6%.

https://www.whitehouse.gov/wp-content/uploads/2024/03/budget_fy2025.pdf