this is nothing more than domestic economic terrorism.all part of his plan...
I did not vote for that clown!
Let’s see...hmmm...the GOPee gives tax cuts and the corporate types end up enthusiastically supporting the Dimocrats. Maybe the Bogus POTUS has the better strategy of the two when it comes to the wealthy? Clearly big biz responds to fear better than to fair.
this is nothing more than domestic economic terrorism.Regard that “Income ≥ $1Million” as a starting figure! Just 6 months ago Joe was promising no tax increases to those making less than $400k in income. Now word is that this starting figure will more properly be between $2-300k in their planning. Oops?! NO PLANNED!!!
REMEMBER, you do not get capital gains treatment on tax-deferred accounts (401k / T-IRA etc.), you get it by RISKING your post-tax dollars as an investment. If you have net losses in a given year, you can only take $3k as a reduction of income and carry the rest. I have tax clients with losses dating back to 2000 and 2008 that refuse to invest in spite of all my cajoling. When the last spouse dies, it becomes a ‘gift’ to the Government!