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JOHNNIEBG

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JOHNNIEBG

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Re: okwife post# 18216

Thursday, 05/30/2024 6:30:01 PM

Thursday, May 30, 2024 6:30:01 PM

Post# of 23515
OK, I guess we are all going to be making over a million dollars a year.... Get a real brain : The current rate is 0 to 37%...

Biden’s Proposal: A Closer Look President Biden’s budget proposal for Fiscal Year 2025 suggests raising the top long-term capital gains rate to 39.6%. With the addition of the 3.8% Net Investment Income Tax (NIIT) designed to fund the Affordable Care Act, and the additional Medicare tax, the total capital gains rate could reach 44.6%? (Moneywise)?. This increase targets high-income earners, specifically those with annual earnings over $1 million.

DON'T BUY IT IF YOU CAN'T AFFORD TO LOSE IT!!! NO RECOMMENDATIONS, JUST OPINIONS...

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