Biden wants to increase tax rates by 44.6% If you’re a citizen of the USA, are you for or against this? (Page 2)

[robocop666]

This is another reason why Trump will win this year. Like him or not its the truth.

[KrakenAttackin]

Total insanity. This will destroy investing.

[strateguy632]

and the middle class, which is the democrat plan!

[KrakenAttackin]

@strateguy632 The Democrats really believe government is the answer to everything. Makes me want to 🤮🤮🤮

[slatyb]

It won't change investing at all. The capital gains tax rate and income tax rates were much higher in the past and the economy was fine. Increasing taxes on the top 0.5% won't have any effect on the economy.

[KrakenAttackin]

@slatyb A lower rate is a huge reason people hold assets for more than a year and a day, including mutual find managers. People who don't have retirement plans at work but want to invest will get clobbered by this.

[slatyb]

No, they won't because they won't be realizing over $400K in capital gains in a single year. I'm in the top 5% for assets at my age and it won't affect me at all.

[KrakenAttackin]

@slatyb So what is the proposed income/rate? Also, what about institutional investors?

[slatyb]

This tax hike is on individuals. Institutional investments are not affected.

[gorydetails]

Biden is a psychopath.

[AngryCarl]

It won't affect you, you're poor.

[Hispanic-Cool-Guy]

Taxing the very rich is a good idea.

[Pterodon]

They’re already taxed the most

[Hispanic-Cool-Guy]

@Pterodon: Not enough..

[Pterodon]

It’s like 35%

[Hispanic-Cool-Guy]

@Pterodon: It's 37% at the highest. Should be around 42% to 43% at a federal to benefit the country much better but our government just like to give our tax dollars to Israel, Ukraine among other nations which seriously needs to stop with that BS.

[Pterodon]

How would you like to be taxed that much for busting your ass to be successful. You’re penalizing success

[Hispanic-Cool-Guy]

@Pterodon: You actually think the ultra rich "bust their ass" to get super rich? LOL

One doesn't become super rich like you been brainwashed to think by they "busting their ass"

The system is built upon to reward those gifted and greedy while exploiting those that aren't.

People like you are actually the ones busting your ass and being exploited by the ultra rich company you most likely work for while they pay just enough and far below what you actually produce with your time and effort for them to rank in several hundreds of millions if not billions while they barly give you and your fellow workers maybe 0.4% of all the profits you help generate. LOL

[Pterodon]

I don’t agree with sending money overseas and worrying about others borders instead of our own