Outcast_Searcher wrote:[quot"] You ignore taxes like I said [/mquote]
[quo="Outcast_Searcher"]
Like I said, for most, real world, long term capital gains taxes are like 10%.
Or they're 20% at MOST, unless Biden gets his way re making them huge. And given the beltway crew, good luck with THAT.
If you're too stupid to adjust things by 10 or 20 percent and not realize that it doesn't make your claim of 3X valid against the reality of more like 20.5X -- you're too "intelligence challenged" to even ride the short bus to school.
So what random nonsense do you want to try now?
For someone who wants to call others "mentally deficient", showing intelligence beyond, say, that of the average bacteria would be called for. [/mquote]
In California after Biden the tax rate is 50-60%[/qmuote]
Go ahead, cite your sources, because as usual you're dead wrong.
IF the Biden administration COMPLETELY gets its way, the right is whining that the capital gains tax rate COULD POTENTIALLY end up below 50% -- but ONLY for those making over $1 MILLION a year in adjusted gross income.
Are you REALLY so lame you can't do better than that? NO citations. NO accuracy. NO credibility. NO NOTHING.
But you expect to be taken seriously here?
Hint: being dead wrong post after post with NO SIGN of being right isn't helping your case.
https://www.bankrate.com/investing/long ... gains-tax/Long-term capital gains tax rates for the 2021 tax year
FILING STATUS 0% RATE 15% RATE 20% RATE
Single Up to $40,400 $40,401 – $445,850 Over $445,850
Married filing jointly Up to $80,800 $80,801 – $501,600 Over $501,600
Married filing separately Up to $40,400 $40,401 – $250,800 Over $250,800
Head of household Up to $54,100 $54,101 – $473,750 Over $473,750
Here's a BIG HINT someone with even your level of perception should be able to understand. 20% is NOT over 50%, even if you count CA tax.
And again, re what Biden has PROPOSED doing (again, a hint: a proposal is NOT law, which if you could read like an adult, you'd know):
https://www.cnbc.com/2021/06/21/biden-t ... world.htmlThe Biden administration policy targets the richest Americans — the top 0.3% — because they are often able to manipulate the tax system in their favor, according to a White House official. It’s therefore unfair to compare the top tax rate more broadly, the official said.Biden’s proposal would raise the top federal rate on long-term capital gains and qualified dividends to 39.6%, from 20%, for taxpayers with annual income over $1 million.
You DO understand that those who have adjusted gross income of over $1 million in the US are NOT the normal folks, right?
So what's next, since you never admit when you're wrong. Make up more shiite out of whole cloth, without any citations, of course?
BTW, I had to straighten up your mangling of the quote function and what you typed (said is not sail), re your continued incompetence with using the quote function, so I put what you initially said in blue, just to indicate that. Given that no telling WHAT you'll falsely claim next.
You're not even arguing
Anyway land outperforms everything always.
https://cdn.growingamerica.com/static/s ... 55834f.jpg