Posted on 04/22/2021 12:13:04 PM PDT by John W
U.S. stocks turned lower Thursday on news reports that President Biden is considering nearly doubling capital gains taxes on the wealthy.
Bloomberg News reported Thursday afternoon that Mr. Biden is planning a capital gains tax increase to as high as 43.4%, nearly double the current rate for wealthy Americans.
(Excerpt) Read more at apple.news ...
The democrats should change the party name to TAXES PARTY!
Thank you sir may I have another?
Out of control government is out of control.
Or for cryin’ out loud. It dropped to where it was TWO DAYS ago.
The fear-porn clickbait only tell you what a jackass the writer is.
And so it begins.
The democrats should just steal the party name from the Communist Party.
Can the president raise taxes? Doesn’t the taxing authority reside in congress?
Looks like Slow Joe applied the Xlax to his Wall Street progressive buddies.
The wealthy have already found a way out with bidens blessings and it will drop on the middle class as intended
“For those earning $1 million or more, the new top rate, coupled with an existing surtax on investment income, means that federal tax rates for wealthy investors could be as high as 43.4%. The new marginal 39.6% rate would be an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public.”
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