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Biden Weighs Raising Capital Gains Rate to Over 40 Percent
National Review ^ | April 22, 2021 | Zachary Evans

Posted on 04/23/2021 9:54:31 AM PDT by Aquamarine

click here to read article


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To: faithhopecharity

without G_d we have lost the world..
With G_d a new beginning looms in the ashes like a Phoenix..the world in any form only represents man, thus its failing, churches too...but since G_d is the one who saves in Christ, we have more than hope...we have His being in us forever.

Hold on, before the world can change man must see the worlds complete failures, in order to recognize our true need for our Shepherd. Man is blind, dead, and has not seen a living world yet..kinda like children barely able to see they have soiled themselves, looking at earth as a big diaper..hmmmm...come Lord we need you, we don’t know the earthly things he said much less the Heavenly..
But the spirit tells me you are aware of this picture in some form..peace to you


41 posted on 04/23/2021 10:53:25 AM PDT by aces (and )
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To: cgbg

why invest in anything? Hoard time..then they will change currency and offer 10 cents on the dollar to whites as a racist fee...


42 posted on 04/23/2021 10:55:17 AM PDT by aces (and )
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To: Aquamarine
I'm paying short term cap gains...already 43%..on every dollar I make.

Not to mention..gas, property, sales, etc...etc...taxes I pay..and you pay.

Biden is a fool....

43 posted on 04/23/2021 10:57:04 AM PDT by Osage Orange (DRT)
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To: Aquamarine

What a quick way to get rid of America businesses......and bring America down to 3rd world status. Biden and his whole administration are all American Haters and a bunch of screwballs. They all make me sick.


44 posted on 04/23/2021 10:58:02 AM PDT by kagnew
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To: aces

it will come


45 posted on 04/23/2021 11:05:29 AM PDT by faithhopecharity ("Politicians are not born, they are excreted." Marcus Tullius Cicero (106 to 43 BCE))
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To: Aquamarine

I was watching Kudlow last night and he spent a great deal of time explaining just how bad this is going to be for the country on multiple levels. I was surprised Fox Business allowed him to go on stating the facts as clearly as he did. It really became even more clear that Joe Biteme + all his Rats have the Country in their sights to bring about their “Social Change”, and was disturbing enough to draw me in for the whole program.


46 posted on 04/23/2021 11:07:08 AM PDT by Pagey (Valerie Jarrett. She IS STILL in DC creating More Havoc on This Country. )
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To: KC_Lion
-- Constitution? --

Sarcasm on my part. Of course IF the US operated under its constitution, tax policy would be established by Congress.

In the "pretend it's constitutional" era, presidential candidates run on legislative policy and this is taken as perfectly normal. All three branches are busy selling out the country. The downfall is on them, not on the voters as they (the government) would have you think.

47 posted on 04/23/2021 11:11:48 AM PDT by Cboldt
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To: Cboldt
Come on' man!

You know the President can do what he wants man.

Stroke the land, law of the pen and all that.

48 posted on 04/23/2021 11:16:25 AM PDT by KC_Lion
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To: ProtectOurFreedom
"If they pass this and eliminate the real estate basis step-up when a spouse dies, about 2/3 of our kids’ inheritance gets stolen."

Does anyone remember the **it I got here bringing that up via my CPA?....

BTW the 39.6% goes back to Clinton. That was the rate for Dividends if you were in the higher brackets. No wonder everyone was doing the "go-go" stocks, ya got creamed owning Divi's. I was their, saw it happen. As bad as GWB was the qualified cap gains rate fix make this liveable. They will fubar it is my guess...

49 posted on 04/23/2021 11:22:01 AM PDT by taildragger ("Do you hear the people Singing? Singing the Songs of Angry Men!")
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To: entropy12

iirc there was a line/section on this years form asking about crypto

Is Bitcoin subject to capital gains tax?

Here’s what you need to know about filing crypto taxes for 2020. The U.S. Internal Revenue Service (IRS) in 2014 decided bitcoin (BTC, -0.91%) and other cryptocurrencies should be treated as “property”, meaning they qualify for capital gains treatment similar to traditional assets like stocks and bonds.Feb 26, 2021

Crypto Tax 2021: A Complete US Guide - CoinDesk

https://www.coindesk.com/crypto-tax-2021-guide


50 posted on 04/23/2021 11:25:10 AM PDT by Chode (there is no fall back position, there is no rally point, there is no LZ... we're on our own. P144:1)
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To: Chode

That is the rules. But crypto transactions can be barter style, leaving no footprint behind. That is the reason crypto has value.


51 posted on 04/23/2021 11:49:37 AM PDT by entropy12 (Thanks President Trump for WARP SPEED availability of covid vaccines.)
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To: entropy12

You know this administration can’t allow that.


52 posted on 04/23/2021 12:25:56 PM PDT by NativeSon ( )
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To: entropy12

but how/where do you cash them out wiout being reported on to the irs?

out of the country?


53 posted on 04/23/2021 12:38:12 PM PDT by Chode (there is no fall back position, there is no rally point, there is no LZ... we're on our own. P144:1)
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To: kagnew

It looks like they plan to go “woke” screwball all the way to the moon:

https://www.zerohedge.com/political/wokeness-reaches-final-frontier-nasa-shifts-focus-space-diversity

When the slightest error can kill all the crew instantly, “diversity” is dangerous stuff.

Stupidity is dangerous to children and other living things.


54 posted on 04/23/2021 1:38:14 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Bayard

Not a problem, the Reps and Senators will keep it all in their ‘foundations’ which are non-profit.


55 posted on 04/23/2021 2:06:06 PM PDT by allwrong57
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To: Aquamarine

Biden, a democrat, proposing to raise taxes. Who would have thought?


56 posted on 04/23/2021 3:13:37 PM PDT by maxwellsmart_agent
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