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La Cima

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La Cima

Re: Norton1973 post# 82729

Tuesday, 10/13/2020 10:06:54 AM

Tuesday, October 13, 2020 10:06:54 AM

Post# of 194127

If dems get in, Capital gains TAX will double!

Democrats are TAX crazy!




An important point of clarity. The capital gain referenced by Biden proposed policy is doubling the current LONG term capital gains (assets held 366 days and longer) This will not bode well for those invested in the markets and is a disincentive. This proposal is horrible !!

VERSUS

short term capital gains (assets held less than 366 days) which are currently taxed at ordinary income rates.

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