https://www.hklaw.com/en/insights/publications/2021/06/biden-administrations-fy-2022-budget-and-its-tax-increases

FTA

"The legislative pathway for enactment and effective dates are yet undetermined."

"Subject Long-Term Capital Gains and Qualified Dividend to Ordinarily Income Tax Rates. The rate applicable to long-term capital gains and qualified dividends would be increased to 39.6 percent for households earning more than $1 million. A long-term capital gain derives from assets that are held longer than a year. A "qualified dividend" is an ordinary dividend that meets specific criteria to be taxed at the current law lower capital gains rate rather than at the higher individual ordinary income tax rate."

Oh good grief...

So if Rick and I are retired, we can only sell $1M USD - (Bob Retirement Income Stream + Rick Retirement Income Stream), otherwise risk breaking the mental and physical fortitude I have gained so far.

I moved past using Titanium Plates and thought I had mastered using Raw Existential Angst to crush my testicles, thanks to deep devotion to my meditative techniques.

We're gonna need something harder...