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Thursday, 04/25/2024 6:57:42 AM

Thursday, April 25, 2024 6:57:42 AM

Post# of 49063
E-rock,

Wait until people wake up to the 2025 budget proposal.

"A separate proposal would first raise the top ordinary rate to 39.6 percent … An additional proposal would increase the net investment income tax rate by 1.2 percentage points above $400,000 … Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”"

And this is just part of the taxes he want to raise.

We better make a ton of money here with what he is proposing. If one should live in NJ, CA or NY it would be over 50 percent.

Sort of reinforcing my moving my address to FL. if this happens. Talk about sticker shock if this happens.

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