Replies to post #95949 on Your Economy (No Politics) (YE1)

[cliffvb]

"She may not be aware of how much money wealthy people get through long term capital gains which currently are only taxed at 20%. "

Hi Chris, If that is done, there should also be an inflation adjustment for very long term capital gains. I will have a large tax bill on a property that I owned for 30 years. Much of the gain is eaten up by inflation, but there is no adjustment for that in the tax code.

[Ayock]

Tax Cut Is Better (for Companies) and Worse (for Everyone Else)
Corporate America is saving more than expected, but taxpayers are on the hook for it.

By Stephen Gandel
January 14, 2019, 1:00 AM PST

https://www.bloomberg.com/opinion/articles/2019-01-14/trump-tax-cut-turns-out-both-better-and-worse?cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&fbclid=IwAR1z3yHI6x8_q0De0cCnNCWMc1fcMBgIpS-yGI4IJLO01CC5Jq5ZDLJExXY