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

Status: Not Logged In; Sign In

Silk Road Founder Trusts Trump To 'Honor His Pledge' For Commutation

"You DESERVED to LOSE the Senate, the House, and the Presidency!" - Jordan Peterson

"Grand Political Theatre"; FBI Raids Home Of Polymarket CEO; Seize Phone, Electronics

Schoolhouse Limbo: How Low Will Educators Go To Better Grades?

BREAKING: U.S. Army Officers Made a Desperate Attempt To Break Out of The Encirclement in KURSK

Trumps team drawing up list of Pentagon officers to fire, sources say

Israeli Military Planning To Stay in Gaza Through 2025

Hezbollah attacks Israeli army's Tel Aviv HQ twice in one day

People Can't Stop Talking About Elon's Secret Plan For MSNBC And CNN Is Totally Panicking

Tucker Carlson UNLOADS on Diddy, Kamala, Walz, Kimmel, Rich Girls, Conspiracy Theories, and the CIA!

"We have UFO technology that enables FREE ENERGY" Govt. Whistleblowers

They arrested this woman because her son did WHAT?

Parody Ad Features Company That Offers to Cryogenically Freeze Liberals for Duration of TrumpÂ’s Presidency

Elon and Vivek BEGIN Reforming Government, Media LOSES IT

Dear Border Czar: This Nonprofit Boasts A List Of 400 Companies That Employ Migrants

US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record

Gaetz Resigns 'Effective Immediately' After Trump AG Pick; DC In Full Blown Panic

MAHA MEME

noone2222 and John Bolton sitting in a tree K I S S I N G

Donald Trump To Help Construct The Third Temple?

"The Elites Want To ROB Us of Our SOVEREIGNTY!" | Robert F Kennedy

Take Your Money OUT of THESE Banks NOW! - Jim Rickards

Trump Taps Tulsi Gabbard As Director Of National Intelligence

DC In Full Blown Panic After Trump Picks Matt Gaetz For Attorney General

Cleveland Clinic Warns Wave of Mass Deaths Will Wipe Out Covid-Vaxxed Within ‘5 Years’

Judah-ism is as Judah-ism does

Danger ahead: November 2024, Boston Dynamics introduces a fully autonomous "Atlas" robot. Robot humanoids are here.

Trump names [Fox News host] Pete Hegseth as his Defense secretary

Lefties losing it: Trump’s YMCA dance goes viral

Elon Musk: "15 Products You'll Stop Buying After You Know What They're Made Of"


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: 117
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  


TopPage UpFull ThreadPage DownBottom/Latest

#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  


TopPage UpFull ThreadPage DownBottom/Latest


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