is like pocket change to these people.
"If a high earner spent $100,000 on stock in 1980, then sold it for $1 million today, she would owe taxes on $900,000. But if her original purchase price was adjusted for inflation, it would be about $300,000, reducing her taxable “gain” to $700,000. That would save the investor $40,000."
If you have a net worth of 16 million?
$40,000 = .0025% of your net worth.
If your net worth is $40,000?
.0025% of $40,000 would be $100.00.
These greedy bastards have no shame.
None.
"... Larry Kudlow, President Trump’s top economic adviser, has long advocated for indexing capital gains to inflation."
But not Food stamps (SNAP benefits), or other benefits that helps everyday people, oh hell no, we can't possibly index those to inflation, but taxable gains, of hell yeah, that we should do and we should go around congress to say how "cost" is defined to do it as well.
Who have you ever met anyone who claimed a taxable gain?
Why are you supporting these people?
Exactly.
Billionaires for the working class.
How is that working out for ya so far?
Just the fact that this idea is being kicked around ought to make you sick.
Revelation 6:6
Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”
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