Off-Topic: Yep....I missed the $1M number
(Lake Barkley Specific)
3 messages
Updated 2/18/2024 7:27:53 PM
Lakes Online Forum
83,617 messages
Updated 5/10/2024 5:51:05 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Barkley Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
MartiniMan
-
|
Subject:
|
Yep....I missed the $1M number
|
Date:
|
7/21/2021 11:48:57 AM
|
|
As I understood it the new capital gains tax rate of 39.6% would trigger for anyone in the highest tax bracket. So the highest capital gains tax rate proposed will only apply to those making more than $1M which is indeed in the top 1%. So a blind squirrel does indeed find an acorn now and then. Not sure where the comment came about Jones, etc. came from. Where did I state that I did? Your fixation on these people is very worrisome. Have they replaced Trump as the cause of your soggy corn flakes?
I would point out that my comment about economic illiteracy related to the reality that higher capital gains tax rates reduces the revenue to the Treasury. All that will happen is those impacted by this change (should it occur) will simply hold onto their investments until a lower rate is reinstituted. The top 1% always know how to avoid paying taxes.....usually while trying to immunize themselves from the mobs by publicly stating they really wished they had to pay more taxes.....while doing everything in their power to avoid doing so.
|
|