Yes, I'd forgotten about the DOD, so it's probably actually a good bit higher than 50%, but I'm not sure any of them got laid off during Trump's idiocy.
Capital gains are taxed at a maximum of 20% vs ordinary income max of 37%. If you want to adjust the cost basis to reflect inflation, then you should at least raise the capital gain max rate to 37%
Yes, I'd forgotten about the DOD, so it's probably actually a good bit higher than 50%, but I'm not sure any of them got laid off during Trump's idiocy.
See, I think we shouldn't reward investors with lower taxes on dollars that their dollars earn, compared to dollars that our work earns.
I think it's bigger than that. I think the plan is the loot the country before they are out numbered by the brown people.
I might make one exception - the sale of a house that has been the primary domicile for 20 years or more.
Rules and proceedings of government? What's that? We can just pass anything we want anytime!
I got a $20 gold piece from my grandfather in 1950, I would like it adjusted for inflation plz
Thoughts and prayers debt burdened future children.
Well, that's a relief. I'll just skip food next month and invest those millions.
Langerhans?
If it quacks like a canard and waddles like a canard...
Say "Schädlingsbekämpfung" three times and the devil appears.
Fur coats and BMWs don't trickle down.
Meanwhile, I can look forward to being kicked off Medicaid, losing my housing subsidy, and having my SNAP cut, right?
That was my thought as well. It's tied to income, and even top rate is way lower than ordinary income.
That will be a crazy time.
Capital gains are taxed at a maximum of 20% vs ordinary income max of 37%. If you want to adjust the cost basis to reflect inflation, then you should at least raise the capital gain max rate to 37%