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04-22-2021, 12:15 PM | #9196 |
Banned
Join Date: Jan 2013
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I'm surprised there's a knee jerk reaction to this. Its been known for months 39.6% for long term capital gains over $1M was all but a guarantee to at least be proposed.
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Posts: 53,803
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04-22-2021, 01:05 PM | #9197 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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04-22-2021, 01:20 PM | #9198 |
MVP
Join Date: Sep 2019
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Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed.
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04-22-2021, 01:28 PM | #9199 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
People drawing out $1M or more in a year won’t be getting “crushed.” |
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Posts: 46,069
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04-22-2021, 01:34 PM | #9200 |
MVP
Join Date: Sep 2019
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I'm talking about the people who will be left holding the bags. Smart people and business owners are already leaving the US.
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Posts: 16,655
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04-22-2021, 01:44 PM | #9201 |
Banned
Join Date: Jan 2013
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Weird post to neg rep me over, Niner. I'm not wrong. Yes, I do know economics.
This should have already been baked in. |
Posts: 53,803
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04-22-2021, 01:49 PM | #9202 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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04-22-2021, 01:54 PM | #9203 |
MVP
Join Date: Sep 2019
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This type of stuff is not "baked in" because it sounds ludicrous during campaigns and no one actually thinks they are going to go through with presenting it (same with DC statehood, electoral college, etc)...so when it actually DOES get presented it scares the crap out of everyone. These dirty lunatics have courage, I'll give them that, but they also have the entire media supporting them.
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Posts: 16,655
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04-22-2021, 01:55 PM | #9204 |
Banned
Join Date: Jan 2013
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Who's fault is that?
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04-22-2021, 01:56 PM | #9205 |
MVP
Join Date: Sep 2019
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04-22-2021, 01:57 PM | #9206 |
MVP
Join Date: Sep 2019
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Posts: 16,655
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04-22-2021, 01:59 PM | #9207 |
Banned
Join Date: Jan 2013
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I, for one, had no delusions that previous administration policies would not be reversed. You felt the same.
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Posts: 53,803
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04-22-2021, 02:00 PM | #9208 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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04-22-2021, 02:01 PM | #9209 |
MVP
Join Date: Sep 2019
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Posts: 16,655
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04-22-2021, 02:04 PM | #9210 |
Banned
Join Date: Jan 2013
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