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BullNBear52

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BullNBear52

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Re: JOHNNIEBG post# 18245

Saturday, 06/01/2024 5:47:59 PM

Saturday, June 01, 2024 5:47:59 PM

Post# of 33781
No and thank you. You left out a couple of things.

This increase targets high-income earners, specifically those with annual earnings over $1 million. However, these proposed changes contain many caveats and exclusions, affecting their practical application.


https://cfi.co/northamerica/2024/04/biden-capital-gains-tax/

The other thing is the tax cuts for the middle class passed under Trump expires this year. While the corporate tax cuts passed under Trump are permanent. So obviously something has to give. Trump's tax cuts ran up the deficit by $4T. And they have not paid for them.

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