Can the federal government do anything right? President Biden and the IRS are coming for MORE taxes by raising the capital gains rate to what some are calling the “highest formal federal capital gains.” Biden’s budget proposal for fiscal year 2025 would raise the capital gains tax rate to 44.6%, and the rates come with MANY caveats and asterisks. Some are saying NOT to panic, but when will Americans realize that Biden is trying to destroy the ability for people to make money and get ahead?
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Man, I bet it’s nice if you’re an independent contractor ….😂
Pure insanity.
I'm okay with taxing the rich who happens to be all democrats now
Good luck. Charge us any more and we will repeat history. Period.
We're being robbed and no one cares.
The purpose of the IRS is to collect taxes, not to make tax policy. Only Congress can do that. The subject line is misleading.
Biden is just guaranteeing that he will not be elected
From each according to his abilities, to each according to his needs…. Karl Marx.
Taxes are racist!😂
How much longer are we going to put up with this?
It’s already happening in Canada, people are kicking tenants out and selling their homes before it gets implemented. It’s going to get much worse…
Liberal logic sucks. You work you whole life. Buy a home and spend tens of thousands maintaining it, you sell it to downsize and the IRS gets to take half.
Tax American citizens more just to send the money to foreign countries…
Taxation without representation. Time to follow in the founding fathers steps
That is the cost of funding a war that none of us in the real world wants to fund.
Why not just tax the buyback program or force the sale of allnstocks purchased through the buyback program.
Billionaires are tax evading by using the stocks and buyback program. While simultaneously getting loans from banks using the stock as collateral for the loan.
Glitches occurring on YouTube
He essentially wants to double the tax rate even for low income people. Even long term capital gains tax would double. As usual he’s not just attacking the rich as he claims.
We’re actually slaves, and just don’t know it.
What are they going to do with all the homeless they’ll create in the future??
I WILL NEVER GIVE THEM ANY OF MY FAMILY'S GENERATIONAL WEALTH.
The left claims the rich make all there money thru investments so this would only affect them
We have a government that, simply, can't live within its means. We are about to default on the debt, which we are only paying the interest, none of the principle…we're screwed, Folks!
I'm glad I didn't work at all last year… Just sold off stuff that I owned to buy food and pay bills.. I just couldn't handle the idea of working last year… Nov. 2022 was the last date I worked, but it's getting down to the last so I will have to go back to working in next few months…
Who is John Galt, people?
The free ride for the looters and the moochers needs to come to a screeching halt. With extreme prejudice…
We voted in idiots who than appointed idiots into civil servant positions.
I also filed in February, thinking that filing early would result in me getting my refund processed faster. Silly me.
The GOOD news is, the IRS is working hard to make sure that my return is accurate. So, they are making sure my professional tax preparers didn't miss something that I "should" have been taxed for. Good thing I could in no way use that "return", which represents money overpaid to the IRS.
Taxes are for the little people.
Fjb
What if everyone quit paying
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