Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I take it the Biden lovers here still love him after threatening to double capital gains tax, right, because it's gonna go to a "good cause"?
https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE
Probably why your corn is worth a bit less at the moment.
https://www.msn.com/en-us/money/markets/biden-to-propose-capital-gains-tax-of-396-to-fund-education-and-child-care-reports-say/ar-BB1fWevE
Probably why your corn is worth a bit less at the moment.
I like how you conveniently left out "...for those Americans earning more than $1 million" part, is that what they call fake news??
Let's see, looks like there were 154,094,555 Individual income tax filed, out of those 541,410 is the Number of returns with AGI $1M or more (TY 2018). If my maths are right that's only 0.3% of tax returns.
https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glance
Now i'm sure that there are a lot of issues with taxation etc, but tell me again how the fuck shit that's only effecting top 0,3% is what we're supposed to worry about? What if it was only effecting those hedge fund owners making over $10MM/yr, would you still feel the need to protect them?
154,094,555 Individual income taxes, collected $1,942,182MM, that's an average of $12603/return. Worst case, single filer with no dependents and standard deductions would need to earn over $89k/yr to be a net contributor. I feel for Bob and his ranch, but perhaps he can limiting his cap gains to $999k/yr for few years and the point is moot
What do you mean I left that out, I'm not a "reporter" (whatever that actually means these days).
Is $1 million mentioned in every headline? Nope. I doubt they'd get away with 43% even on that level. But even 28% above or below would make me think a bit more about selling whatever asset I would have. Moreover even at $1 million it could set a precedent that they may come after smaller values later.
If you believe the details will keep you safe you have nothing to fear. Many headlines are designed for FUD or clickbait, I agree with that.
There are plenty hodlers with at least multiple coins eyeing a $1 million level per coin and it would obviously concern them IF they sell.
Well full title is "Biden to propose capital gains tax of 39.6% to fund education and child care, reports say". So your question is how Biden lovers here can love him when he proposes to raise taxes on top 0.3% of millionaires to fund education and child care? As much as i think tax system is screwed up i'm really having a hard time finding sympathy for top 0.3%, somehow i think they'll manage
Edit:
Quote
The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people.
https://www.theguardian.com/commentisfree/2021/mar/29/rich-poor-gap-wealth-inequality-bernie-sanders
https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States
Can you tell how much top 0.3% own that we're supposed to feel bad about, and protect them from rising taxes?
yea, but "them" in a context of WO sounds a bit off...don't ya think.