Biden wants to raise capital gains tax to 40%
From 1776 to 1913 there was no income tax outside the civil war. The income tax was sold to the American people that it was only going to be for the rich at 4% in 1916. Now the middle class is hammered with heavy taxation. Biden and his corrupt regime is selling us that we must tax the rich again but will only hurt the middle class.
Did you do any basic research on this claim before posting? The 37% cap gains tax only applies to people making more than 1M a year. In what world is 1M annual income considered "middle class"?
What's your TC ?
Biden is the president. Congress writes the law. Bidens opinions aren't relevant. Regardless you should never pay any capital gains tax so might as well raise it to 100%. Don't pay unnecessary taxes folks lol
F***
TC?
have you wondered why all these big tech ceos pay so little in taxes .. if a middle class makes 1M in gains ... I wanna know how he did it ... I am ok giving 40% lol at least I can have the rest .. 🤣 .. trump reduced taxes on the rich .. what happened.. I can't recollect any positive thing happening there .. factory jobs went out and automation kicked in .. and since companies had more money stock buy backs to artificially raise the stock price...
Most CEOs pay are in stocks. As long as you don’t cash out on the stock then no taxes. But another way to avoid it is to take out loans against the stock. This will be what the rich would do or probably just go to another tax friendly country. But if you’re okay with giving 40%, why don’t you just give it. You don’t need a law for you to give more in taxes. 🙄
No wonder Microsoft paid billions to an outside company for a good product, because they know their intelligence pool isn't capable of any level of critical thinking/research.. op is the only sample size I need to be able to accurately judge them.
lol Why is it always with the ad hominem attacks!? 😂😂😂
That's how poorly researched your post is..
If we all stand up, their little game is over
So you think society today is equivalent to 1912? It's the stupidest thing I've heard
That’s deep. Is that supposed to be a counter argument? 🙄
Do I really need to explain how society is different from 1912?