2024 Presidential Race

#17,676
#17,676
Orangeburst said:
www.atr.org

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 www.atr.org

the Dems are coming for us
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How would this increase effect the US economy? I would think this would be a disaster. I am near retirement and need to get ahead of this at some point.
 
#17,678
#17,678
LibertyVol said:
How would this increase effect the US economy? I would think this would be a disaster. I am near retirement and need to get ahead of this at some point.
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Like Mojo @BigOrangeMojo I dont think this will pass. It feels like red meat to his covetous base.

In the rare event it became law, it would further slow inflation (my opinion). It would also dramatically increase the participation in cap gains tax avoidance or deferment strategies. It would decrease the supply of homes for sale which would continue to drive up prices...think of investment properties, not residential, which investors would simply hang on to.

If there is a way to convert retirement instruments to tax free people will rush to do that, too. Hopefully mojo can comment.
 
#17,679
#17,679
turbovol said:
Low information respondents, obviously. The gangster with a plus 4 for "handling a crisis"? You mean like Covid? He was a freak-show embarrassment. Injecting bleach might kill the virus! Handling a crisis should be Biden +20 based on Ukraine and Trump's incompetent reaction to Covid.

Trump with a + for "strong record of accomplishments." That's funny. He had no accomplishments at all. A huge tax cut for the wealthy
that sent the national debt skyward? You have to chuckle at Republicans. They're TOP, pressing priority when they're the majority is do the last thing that any congress or administration should do--give wealthy people even more money. Biden's legislative accomplishments are FAR more significant.

How many American poll respondents follow congressional legislation? My bet is 90 percent are clueless.

Half of the American people couldn't find Australia on a world map. We are not an intelligent, well-informed people--and that is polite understatement.
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You keep listening to msnbc and push kid sex change surgeries sheep on...
 
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#17,682
#17,682
McDad said:
Like Mojo @BigOrangeMojo I dont think this will pass. It feels like red meat to his covetous base.

In the rare event it became law, it would further slow inflation (my opinion). It would also dramatically increase the participation in cap gains tax avoidance or deferment strategies. It would decrease the supply of homes for sale which would continue to drive up prices...think of investment properties, not residential, which investors would simply hang on to.

If there is a way to convert retirement instruments to tax free people will rush to do that, too. Hopefully mojo can comment.
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Maybe REITS would be good? I would expect a big sell off of stock at some point. This would drive the market down. Where would that money go?
 
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#17,684
#17,684
LibertyVol said:
Maybe REITS would be good? I would expect a big sell off of stock at some point. This would drive the market down. Where would that money go?
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It's a fair question...good you're thinking about your alternatives...but I am way out of my depth. I wouldn't even begin to know where to start.

Tax policy doesn't change overnight. If the law changes, you will have a lot of time to develop a plan. I recommend not worrying about it right now.
 
#17,689
#17,689
Sandman 423 said:
You know that is satire, right?
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More time on twitter = decreased ability to discern the truth. Allows users to disappear into their chosen echo chamber. They're also less likely to engage in an actual discussion on here (or likely anywhere) with anyone offering a dissenting opinion. That's what shapes the horrible spot our political system has fallen into
 
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#17,690
#17,690
evillawyer said:
I realize it's a fake Trump, but those people in the video don't know that. That's why I say it's a cult. He can do anything, admit to anything, and you guys would stand by him.
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I don't doubt that some people would stand behind him no matter what ( I like how you try to lump anyone that disagrees with you as MAGA.) , but the fact that you believe any of that video was real says you are just as stupid as those you make fun of.
 
#17,692
#17,692
Sandman 423 said:
I don't doubt that some people would stand behind him no matter what ( I like how you try to lump anyone that disagrees with you as MAGA.) , but the fact that you believe any of that video was real says you are just as stupid as those you make fun of.
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I think this is a challenge for both sides with the two party system right now. Both groups are constantly overlooking flaws and issues on their end because they are so afraid for the other side to win. The two-party system is definitely failing the United States.
 
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#17,694
#17,694
Fun coupon VOL said:
The reason why I’m voting for Trump, is the hope that New Yorkers and California’s will be able to afford their lifestyles in those states under him.

#gohome
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Trump can't fix that. Californians and New Yorkers need to wake up and elect new Governors, State Legislatures, Mayors, etc. The local government has more impact on that than the Federal Government.
 
#17,695
#17,695
McDad said:
It's a fair question...good you're thinking about your alternatives...but I am way out of my depth. I wouldn't even begin to know where to start.

Tax policy doesn't change overnight. If the law changes, you will have a lot of time to develop a plan. I recommend not worrying about it right now.
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Yes. You are right. I am a worrier. Politicians scare me to death. Especially Democrats.
 
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#17,696
#17,696
LibertyVol said:
Yes. You are right. I am a worrier. Politicians scare me to death. Especially Democrats.
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Don't worry too much, if it does pass there will be language written into it (or omitted) that will allow the people who passed it to escape paying. We just need to make sure we use the right professionals that can decipher the code.
 
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#17,698
#17,698
evillawyer said:
I realize it's a fake Trump, but those people in the video don't know that. That's why I say it's a cult. He can do anything, admit to anything, and you guys would stand by him.
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The folks in the video (and most of the MAGA-faithful on this site) are perfect examples of a combination of ignorance and propaganda.
 
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