For millionaires rushing to take advantage of lower capital-gains tax rates, the Biden administration’s budget proposal says they’ve already missed the boat.
“ The prospect of retroactive tax clauses had always been on their radar — it just became a little more real this week. ” “It gave me more agita,” said Leon LaBrecque, chief growth officer at Sequoia Financial Group in Troy, Mich. He received about 10 to 15 texts and emails on Thursday flagging the news.
— Leon LaBrecque, chief growth officer at Sequoia Financial Group LaBrecque doesn’t think retroactive tax clauses will ultimately make the cut, calling them a “bargaining chip.” A retroactive tax hike is “extremely unusual,” he said. And it has other downsides: “It really makes people mad, and it’s really hard to administer.”
It’s theft by the government!
TaxTheRich taxthechurch
Don’t worry they’ll be in a whole new tax bracket when amc moons 🥴
Taxation is theft by the government!
Do the maths, Biden’s proposed plan is going in a nose dive towards a recession and most certainly inflation. Put your life jackets on people your going to need them.
You liberals have to love this. The children that write your headlines must be ecstatic.
Someone has to pay for his college loan gimmie. And guess who that will be?
nice
Lol TaxTheRich
Viejo cabron. Maldita sean los Babyboomers. Vete y cobrale mas taxes a tu madre.
locate a journalist 😌👆👆
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