[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

YET ANOTHER HOAX JUST DROPPED!! JUSTICE FOR PEANUT, Media lies about Trump again, SNL debacle, and the last day of normalcy US embassy in Beirut blocks Iraq-Lebanon humanitarian air bridge Channel 4 Dispatches to lift the lid on Royals and how much they really cost us Second Passport Demand Jumps As Wealthy Americans Fear Socio-Economic Turmoil After Elections ‘I live off £30 a month’: Nearly 4 million people in UK experienced ‘destitution’ last year 55 Chinese sailors in submarine feared dead 'caught in trap' meant to snare UK and US Why Israel's Attack on Iran Was a Bust Israeli forces in Lebanon and Gaza suffer deadliest month of 2024 Over 100 BBC staff accuse network of pro-Israel bias in Gaza coverage Pezeshkian Suggests Gaza and Lebanon Ceasefire Could Soften Irans Response to Israeli Attack DDoS Attack Cripples Archive.org: The Next Information War Front? 48 Percent Of U.S. Small Businesses Couldn't Even Pay Their Rent Last Month Toxic Cancer-Linked Plasticizers Found in Southern California Air NOTAM Notice Denied By one Arabic Source The Lefts Beloved Pollster Nate Silver: Its Trump 50%, Harris 45% The DEI hires can’t even run a teleprompter. Good luck running this country. 'A Coordinated Effort' To Rig States - Rogan Exposes Democrats' Plan To Destroy American Democracy... “It’s time to END THE FED right now!” Ron Paul pushes Trump to make America great again A normal WEF conversation Kremlin's youth website amid Ukraine conflict JD Vance says its in Americas best interest not to go to war with Iran Kamala Bombed on Saturday Night Live Iranian Air Defense Locked Onto F-35s So Israel scrapped the remainder of the attack. Anonymous has released a message about Tim Walz. The worst of the worst Beat the Devil (1953) Humphrey Bogart VIRAL FOOTAGE Of Iranian Strikes on Israel Predictions for Every 2024 US Senate Election (Republicans Flip!) The Pentagon Fails to Send Absentee Ballots to Active Military Service Members Israeli Government's Message to Its Soldiers: "Shut Up and Fight" Op-Ed: Ha-aretz

National News
See other National News Articles

Title: "This Is Sheer Idiocy": Capital Gains Tax Can Exceed 100 Percent Under Biden Proposal
Source: [None]
URL Source: https://www.zerohedge.com/markets/s ... 0-percent-under-biden-proposal
Published: Mar 16, 2023
Author: Tyler Durden
Post Date: 2023-03-16 18:50:28 by Horse
Keywords: None
Views: 69
Comments: 1

Authored by Liam Cosgrove via The Epoch Times (emphasis ours),

President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more than double the tax investors pay on investments held longer than one year.

Authored by Liam Cosgrove via The Epoch Times (emphasis ours),

President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more than double the tax investors pay on investments held longer than one year.

Poster Comment:

Ditto for income taxes. Suppose your wages your wages go up 400% but prices go up 1,000%. Your purchasing power was cut 60% but you were pushed into a higher tax bracket so your pay cut was really 65% or more.

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

"Resistance to tyrants is obedience to God." -- Thomas Jefferson

ghostdogtxn  posted on  2023-03-17   6:19:58 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]