Innerscope Hearing Technologies Inc (INND)

[Sheddoggie]

Capital gain tax rules changes.

for the ill-informed, here are the new Cap gains tax rules that are PROPOSED. PROPOSED as in not yet passed.

MAXIMUM tax rate is proposed to go up to 39.6% plus a 3.8% Medicare surcharge tax. It's presently 37%. Thats for long term investments of over a year and for over 1 million $$ which won't include anybody here with this stock. This is the highest tax bracket so if you earn less the tax bracket changes.

https://www.morningstar.com/articles/1035119/bidens-capital-gains-tax-plan-could-mean-big-changes-for-wealthy-investors

For short term investments the tax rate appears to remain the same as it was and treated like normal income.

Most of what I read said not to worry because it's unlikely that it will change at all. A little critical thinking decides...hmmm...most of Congress is heavily invested in lots of things so any bill that is passed would hurt them. Think they would do that...not likely.