We have heard different opinions on whether this new administration is going to raise taxes. He has said yes, then no, then only if you make more than 400K... Okay we should not be worried right? But no, he wants to raise the capital gains tax back up form I believe 15 to 17 percent to back to 40percent. That will be a killer, especially for anyone who owns stocks, cyrpto, or real-estate. You could be making 50k a year and sell your house and get your taxes raised on you. So I love how they always say we are only raising taxes on the rich, when they raise it on everyone.
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but how high
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really high
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get ready for stagflation under the dems
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What will taxes be
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They will be High
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Don't worry... We own Biden... We took Control of his Puppet Strings...
December 13, 2020... 23.0 Hollywood Time...
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Ya, that is concerning. I have had the biggest tax increase under his mentor Obama. I got a 20% increase on taxes do to obamacare.
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I have the most Valuable Posts on Steemit... Feel free to stop by and comment...
December 22, 2020... 14.9 Hollywood Time...
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The capital gains raise is only for people earning more than $1 million per year...
https://www.reuters.com/article/uk-factcheck-biden-capital-gains-tax/fact-check-biden-willonlytax-capital-gainsat-40for-those-earning-over-1-million-annually-idUSKBN26Z2CA
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They say now, and so are we punishing success now. Want everyone to be bad at their jobs? Make no money.
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Same goes with Up-Votes...lol...
December 23, 2020... 7.5 Hollywood Time...
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Per usual the facts get twisted, but they rarely matter anyways with you I've learned.
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