It hasn’t been noticed much, but proposed changes to capital-gains taxes have good news for some of the highest-earning Americans and bad news for those earning between $400,000 and $1 million.
The good news, for the highest earners: The House Ways and Means Committee didn’t adopt the Biden administration’s proposal to raise the top rate on long-term capital gains to 43.4% for people with income of $1 million or more. That would have been a huge increase over the current top rate of 23.8%, which consists of a 20% rate plus a 3.8% surtax for many.
The House can carve out exceptions for home sales If the homeowners are in the $ 400,000 range.
Never knew I would be what I am today after so much suffering so I saw a post about your platform and I took a step to try if it’s going to work, you change my life and now I’m so much satisfied with my life now. I just want to share your good work Dennismayson7
Lol, I’m guessing all the rich af people will be moving to another country then? Over here in England our taxes are pretty decent. Come over here and help us get wealthier please 😁.
So trump will be next new young president? Does it even change anything? Just memes have different faces. All else is still the same....
It’ll make up for the tax break windfall they got from Trump. Accordingly, if you use a 4 year window going back to 2017 when the tax breaks for the rich were codified, it’ll be a wash. Not quit your whining.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No House Votes Expected Thursday Night on Infrastructure BillThe House won’t vote tonight on the infrastructure bill, and Democrats plan to resume negotiations Friday, according to a Democratic leadership aide Right at this very moment, Pelosi is who America needs the most. Trump is what America can’t behold one minute longer. thanks Hahahahahahahaha!
Source: WSJ - 🏆 98. / 63 Read more »
Zoom’s Nearly $15 Billion Acquisition of Five9 Rejected by ShareholdersFive9 said that the deal failed to gain enough votes from its shareholders and that the merger plan had been “terminated by mutual agreement.”
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Consumers Ramped Up Spending in AugustU.S. consumer spending rose 0.8% in August, signaling the U.S. economic recovery is gaining steam heading into autumn. A recovery no republicans wanted or voted for. All democrats here If inflation is 4% and consumer spending up 0.8%, we are paying more to get less. This is not recovery by any stretch of imagination. Phù Phương Trinh :) :D
Source: WSJ - 🏆 98. / 63 Read more »
How to bet on beaten-down SPACs for steady, tax-friendly returnsA 30-year investing veteran breaks down a SPAC strategy that enterprising retail investors can use on their own to generate steady and tax-friendly returns — and explains why now is actually the best time to invest in the beaten-down asset class
Source: BusinessInsider - 🏆 729. / 51 Read more »
A Venture Capitalist Is the Buyer of Jeffrey Epstein’s Palm Beach PropertyVenture capitalist David Skok is the buyer of the late financier and convicted sex offender Jeffrey Epstein’s Palm Beach estate, which sold this week for $25.845 million if it is necessary. they have too
Source: WSJ - 🏆 98. / 63 Read more »