/biz/ - Business & Finance

>>53990398
Fuck this roastie cunt I hope everyone loses literally every single human loses.
Nobody deserves a good life this was a failed experiment.
https://youtu.be/Cye-1RP5jso

>>53990398

This won't pass house or senate and you know this.

Obvious bait.

>>53990398
Who is the hot chick? Is she single

>>53990398
poorfag here, tax only applies to billionaires

>>53990398
hilarious. accelerate. you voted for this lefties enjoy!!

>>53990398
Kek. So glad I paid that 2m to get rid of my citizenship. Have saved millions since. I feel so fucking vindicated.

>>53990434
probably some jew who's married to a shitskin

>>53990434
he's gay and a literal local top signal

>>53990398
Does anyone here check to see if the same stories are posted before they post themselves?
Hey OP- the Republicans control the House. This will never see the light of day. Biden is saying it as part of his prep work for re-election.

>>53990426
>won’t pass
How do you think we went from paying like 2% on general goods to about 7 on average plus stuff like this? Hell they’re talking about taxing dead people’s money too the past few years. Has the federal government ever gotten rid of income streams that were lucrative in the past century?

Imagine actually paying taxes

>>53990477
It shouldn't be about the money. I hope to follow your footsteps this decade Mr. Dubs.

>>53990537
>local top signal
bruh
put some respec on that name fr
aint nothin local about that top
that was the mfing TOP TOP
shit...could even be the all mfing time top if shit dont bounce back
give credit where its due

Burgers voted for this hahahahah

>>53990654
the retarded burger zoomies making threads and posting on this board voted for this because they were promised tuition reimbursment and they won't get a penny

HAHAHAHAHAHAHAHAHAHAHAHAHAAHAH
these absolute retards are giving people financial advice
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHA

>>53990581
Wow, what you're implying you do sounds impressive! Mind letting me know step-by-step how you accomplished this?

Why is it that people think tax policy has to be radically altered in one way or another. Prosperity comes from stability.

>>53990477
>So glad I paid that 2m to get rid of my citizenship.

This is my literal dream. God I am so jealous. I hate living in this country so fucking much.

>>53990398
sneed

>>53990822
when has the united states been in a "stable" position?

>>53990579
>Hell they’re talking about taxing dead people’s money too the past few years
they killed the stretch IRA with trumps tax cuts. no one even knew it existed but they killed it and no one said a word.

>>53990654
>He thinks Biden won the election
Oh dear.

>>53990712

Its so funny because the United states and its Federal reserve system is actually the great Satan, the Demiurge, the deceiver here selling you a false dream where your desires are dangled in front of you.

Maybe on the next cycle you will learn.
https://www.youtube.com/watch?v=j800SVeiS5I

>>53990398
>401k's used to be taxed for 20% now 40%
>boomers take home 60% instead of 80%
Retirement income will be cut by 25%

>>53990919
he stole the election and america silently voted to do nothing about it. sounds like winning to me

>>53990948
>Retirement income will be cut by 25%
Boomers on suicide watch.

They should tax their properties as well, they don't need more than one property, so you should tax the rent on investment properties at 50% to prevent property hoarding.
This allows an escape hatch for those who own their properties outright and those that have leveraged debt.
Its time that the leveraged debt chads get turned into virgins.

>>53990712
Make interest income below $40,000 like a Jew
Live a life of poverty on purpose.

Also, do not realize your gains, borrow against your assets if you need to raise capital as this is not a taxable event.

This is what Jeff Bozo and Elon Musk do to dodge taxes assuming that their unrealized gains go on forever.

>>53990909
since about the Post War period now shut up yuropoor

>>53990974
>DOOD JUST GO INTO MORE DEBT LOL

Fuck off with these stupid, pain the ass, risky schemes. I'm not going into fucking debt, especially in a high interest rate environment.
Just don't raise the fucking taxes. Simple as.

>>53990979
yes being the only allied country not razed was a very stable, healthy position that lasted until the 1970s

>>53990465
Leftoids will be unaffected by this as they are totally incapable of having capital gains, because they are totally incapable of doing anything besides being a slave for some jewish employer. Not a single streak of independence in the mind of a leftoid. Perpetual slaves.

>>53990996
Yes.

>>53991038
ACK

>>53991176
It isn’t 1982, and anyway, everyone else is so married to the dollar now more than ever if we sink, you sink.

>inflation running hot at over 20% real rate
>hedge with bitcoin and oil
>barely maintain purchasing power
>that'll be 40% capital gains tax

>>53990420

Every /pol incel using the term roastie should just drop dead lmao it is beyond cringe

>>53990398
>raising taxes = corruption
KAZAKHSTAN

>>53990579
>Has the federal government ever gotten rid of income streams that were lucrative in the past century?
Yes, the corporate tax rate used be ~50% prior to WWII. The costs of society have been offset from the rich to the working class. The corporations get government subsidy, "grants" and contracts on the dime of the individual taxpayer. Socialism for the rich rugged individualism for the working class. Welfare for the rich death for the working class. Money for Israel while our infrastructure crumbles.
Wake up bootlicker.

>>53990936
BASED

>>53991536
Biden will never forgive your student loans, no matter how much you suck his wrinkly old cock.

The point is not that it won't pass. The point is that Biden just shifted the overton window to the point where a nearly 50% capital gains rate is actually being discussed.
Fuck government, fuck it so hard. These people have no idea as to even the basic tenets of the economy. This country has already gone to the dogs, but jesus christ man what the fuck

>>53991195
I'm guessing you keep calling me a europoor because you can't think of anything else but the entire history of america has been kicking the can down the road. the whigs tried to do something about it way back but there was territory to be had out west

>>53990477
>paying to get citizenship revoked
Are you for real? Youre a literal slave buying yourself free wtf

>When you sell a home for more than you paid for it, the profit you make is considered a capital gain. Capital gains from a home sale are taxable, and the tax you pay depends on how long you've owned the house, how long you lived there, your tax filing status and income.May 10, 2022

LOL

http://www.demographia.com/db-statehouse$2000.htm

>median house value in 1990- 78,500 dollars
>median house value in 2023 In the third quarter of 2022, the median price of existing homes in the U.S. was 392,000 U.S. dollars, which is set to decrease to 380,000 U.S. dollars by the end of 2023.

LAMO

>housing prices x5 in 33 years
>taxed on gains of over 1 million
>houses will easily be 2 million median in another 3 decades
Niggle me this, what occurreth to all the dipshits who bought houses for 400k and hold them for 30 years before selling at 2m? Good goy, pay off your shitbox, the government will only take 640k off your 1.6 million profit. Don't forget the repair costs and closing costs. Lmao.

It's literally a tax on millennials, 30 years from now, to pay for this broke indebted shitbox government.

ENJOY YOUR TAXES

>>53991653
In 50 years, the spawn on Gen Z will pass legislation to make federal and most state tax rates combined equal 75-90% of all your capital gains given to the government.

>>53990398
Why don't they just make people pay the 20% capital gains tax?

>>53991653
These people all have addresses remember

>>53991011
>Leftoids will be unaffected by this as they are totally incapable of having capital gains, because they are totally incapable of doing anything besides being a slave for some jewish employer.

and also running the US gov ig

>rate of boating accidents skyrocket

>>53991798
if he is American, they still fuck you on taxes even if you live abroad and trying to avoid paying will only get you extradited or even snatched in the middle of the night only to wake up in a D.C. gulag. Only way out is to give up citizenship. Land of the free my ass.

>>53991881

>>53990398
Same in UK

Unless you are very rich (nobody here) this will only benefit you. The money put into education, infrastructure, healthcare ect. will only create a better thriving population. This will directly benefit the free education, health care and infrastructure that you and your children get. Only the super rich with their private everything will benefit from smaller taxes, and if you oppose this you are literally simping for them.

>>53990398
This is just virtue signalling to their base, he knows perfectly well it will never see the light of day.

>>53993081
It will benefit niggers

>>53993081
>this will only benefit you. The money put into education, infrastructure, healthcare ect. will only create a better thriving population
You have to be 18 to post here

None of this money would go towards any of that, it will just be GIBS to buy minority votes and give kickbacks to political (((donors)))

>>53993081
>This will directly benefit the free education, health care and infrastructure that you and your children get.

heres how bernie can still win

>natalie brunell
Retarded maxipad e-celeb roastoid

>>53990398
Good luck Biden. Congress makes 90% of their wealth trading insider information. They will not take a pay cut

>>53990434
She's in your area and she's looking to FUCK

>>53991203
>/pol
>t. roastie

>>53992517
What happened to Alaska

>>53990398
>2023
>paying your (crypto) taxes
ngmi

>>53991203
I actually hate the word cringe more than roastie. The first person I heard say cringe in it's current word form was someone who was very annoying. The word reminds me of them. Very sad.

>>53991176
Why does this graph only show this tiny span of time? Basically you are only looking at the 70s. How does that relate to today? What did the other decades look like?

>>53990398
Imagine paying taxes lol

I would go stateless before paying taxes on my stinkies

>>53991203
sounds like you're looking for a husband

>>53990712
It’s even easier than not getting vaccinated fren. You simply don’t do anything and voila, you win.

>>53993651
Cringe

Jokes aside tho for me it's cap, I was at the gym last night and some retarded zoomed both with the haircut you know I'm referring to actually said "bro I'm not capping for real!!!!!"

>>53993696
That didn’t happen

>>53990398
What’s 40% of zero im trying to see if this is going to effect me

>>53993706
cap

>>53993706
Kek zoomer detected, I wish I was joking yes it actually happened

>>53990579

It's a hellscape of taxes on taxes on taxes. Your dollar is taxed about 10 different times. The absurd thing is that a solid chunk of society have been trained to cheerlead it too.

>>53993056
In the UK the rate is staying 20%, they're just ramping down the amount that you get before you start paying CGT.

>>53993884
Men should have 10% flat tax, women should have 1 baby flat tax

>>53993896
Yes, which still sucks. They're also under heavy pressure to make CGT rates the same as income.

>>53990654
>Biden is a legitimately elected president

>>53990420
Based misanthrope

>>53990477
>2m to do some bureaucracy
Dafuk. What's your net-worth if not larping?

Trump wouldn’t have let this happen

>>53990398
boomer corpse chases money bags and he chases off investment

>>53992517
I know that, my point is that you have to pay your them to get your citizenship revoked? Lmao and 2M at that? Literal slavery

Pretty sure its free in my shithole

>>53994109
You can renounce your citizenship for free by pledging your allegiance to a hostile foreign power. So have fun in North Korea I guess.

>>53990398
Can we avoid this tax by making crypto payment?

>>53996242
You're joking right?

>>53990426
Usually. But if you wanted to clawback some of the gains from the newly-minted wealthy who capitalized on the infinite upside potential of a stock with idiosyncratic risk...

>>53996242
I doubt that, but regardless crypto payment services is much better than traditional means of payment.
I doubt if any bank will offer me the type of loyalty reward that I'm getting from using using CryptMI

>>53990465
Lefty here, I didn't vote for Biden, I warned people about him.

>>53990989
Not being in negative money when money is worthless, lmao @ your life

>>53994159
>please master let me pay you my freedom
Cuck

>>53994078
Hello bunkergoy

>>53990398
Nice. Finally, something to bring some balance back to the system.

So after the hyperinflation, they can just take everything away because of capital gains?

>>53991985
Wont' mean anything at that point. In 100 more years, whites will be a small minority and the entire country will be nothing but useless 80IQ shitskins that all receive welfare and corporations will effectively become branches of the government

>>53990398
america is actually more socialist than my cunt and at least my government gives me 'free' healthcare and university education
why do burgers get taxed so damn hard

>>53993462
>Congress is corrupt and breaks the law all the time
>but surely they're following all of the tax laws to a T
What? Those laws are for you, not them.

>>53998734
It's time the elite pay back the loans that the working class gave them.

>>53998873
Don't tell me you're a fellow Cucknadian. We get fucked so much harder than the mutts south of us.

>>53990477
If you move to a country that doesn't have US extradition then I don't think you have to pay anything, do you?

>>53998990
Does that country allow foreigners to have bank accounts?

>>53990426
Market says anxiety is real.

>>53998873
Paying 90% tax is not giving you anything free

>>53990426
Actually true. They'd sooner raise income tax than actually tax themselves with higher cap gains.

>>53999018
France is one if you become a citizen there.

>>53999124
I highly doubt France will allow someone to become a citizen, that is avoiding paying taxes in America.

>>53999030
If you have more expendable income at the end of the day after paying for all of those necessities, you're better off.

i've been struggling financially for a while yet i go to grocery stores seeing people swiping their food stamps card while they wear better cloths than I do. I dont understand any of this crap. these people probably pay zero tax while my tax dollars go to help them out. this world is upside down.

>>53999205
Call up your representative or senator. Being an adult, is venting in the appropriate channels.

>>53990398
non mutt here
what does this mean?

>>53999366
It means the elite that took out loans off the backs of the working class, are going to have to pay their dues.

>>53999205
It means they’re making money under the table. It’s the way to get ahead in every shithole country.

>Only applies to yearly capital gains over $1 million

You idiots won't ever make that much so why are you complaining? Who even needs to cash out more that $1 million a year to be happy?

>>54000377
What, you just plan on being poor forever?

>>53990909
The ruling class relies on volatility to quickly transfer created wealth upwards. Marx was half right but in fact capitalism's boom and bust cycle is actually it's greatest strength against internal threats to its preferred direction.

>>53999205
Advocacy falls from the sky for them and the system has their back. The system looks at you like a contemptible slave and waits with a truncheon for you to step out of line. Don't worry. There will be upheaval.

>>53990398
It's literally only for those who are already paying 37%, and if you're milked that brutally you should have revoked your citizenship and moved to Dubai on St Kitts citizenship anyway

>>54000439
Making sub-$1 million a year is hardly poor. Anyone thinking they're going to make more than that every single year is delusional

>>53993081
Americans aren't actually corporate simps. Just libertarians. Everyone just knows this place is an anglo slave plantation with smartphones, so no one even pretends that a proposal would actually be invested into the native population.

I looked back and see only Germanic and Scandinavian people building good societies for their own people. Anglos deny they even have a people and the southerners are too reliant on sun and earth to really invest in their people as a society. They seem to let well enough alone.

The point is that if you're in the Anglosphere you're in a slave camp run by people that hate your guts and would rather rule over the most alien of peoples than someone of their own they consider inferior.

>>54000837
Btw if you have a scotch Irish last name your ancestors were the literal slaves of the American upper classes. And the blacks you so resent are actually their descendants, their ancestors being the mistresses of your ancestors' owners.

>>53990441
This.
Top tax bracket is about $500,000 in a year. I am pretty sure nobody in this thread is pulling in .5 million/y on their investments.

>>53999028
Market is always retarded

>>54001133
Sauce
https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

>>53999028
The market is falling because the banks are insolvent and we're fucked.

>>53992302
And they all have a neck

>>53990441
So they'll donate the shares to their own charity run by their wife as they always do.

>>53990654
Voting is about ideology now, not about the economic consequences of policies. It’s sort of like religion in that it doesn’t matter what the results of the belief are, only that you continue to uphold the belief.

I just made 450% shorting btc holy shit

>>53994078
Tell me about jewjak. Why does he wear the tiny hat?

>>53993081
>The money put into education, infrastructure, healthcare
that money is going straight to ukraine and israel goyim

>>53993081
Yea I will definitely not get more government benefits than doubling the amount of money I lose.

>>53993081
>education

We send kids to school all day every day for 12 years and they still come out dumb as bricks. Wasting more money on a broken system isn’t going to fix anything.

>>53992517
>Indian holding the book upside down.

Lol

>>53990936
based, I made this

>>53990398
I just realized I can make up to $55k in long term gains and pay no taxes. The only problem is when the fuck do I have long term gains. I never sell my stack only short term trades

>>54002355
How does the government prove it's short term gains? Do I need to give them my address lol

Do you guys actually report your taxes from crypto? Isn't the entire point of crypto to avoid anyone knowing about it?

>>53990477
I will do this except I will leave before I hit 2m in net worth so I don't have to pay an exit tax. Getting inherited citizenship with Italy was the best thing my dad every did for me.

>>54000439
A million EVERY YEAR retard, most people barely make a mil let alone two in their lifetime

>>54000377
temporarily embarrassed millionaires, of course

>>53990398
HODLmode Federal Government Edition

>>53993081
>The money put into education, infrastructure, healthcare ect.
LOL

>>53990398
stocks are going to crash anyway but this would really wreck the middle class which is BASED. im literally gonna buy the bottom. i have been ont he sidelines for a long time and i have so far always been right. I refuse to participate ina clownmarket and i will enter when everyone is completely demoralised and i see a genocidal wave of AN heroes on biz

>>54003673
Nigger, where have you been the last year? The normies left, there is no one but autists here.

>>53990654
ballot farming

No chance Biden’s budget gets through the GOP house. If all you faggots aren’t ready to back a full red ticket you deserve the hellscape you will get if this continues beyond 2024

>making rich people pay taxes is corruption
Kek. Right wingers and their delusions of oppression. No wonder trump lost.

>>54004269
Only a fucking absolute mongloid retard like this guy thinks the Left Wing is doing a good job as the world is literally on the brink of thermonuclear war and complete financial collapse under Left wing psychos. He thinks things are going really well lmao

>>54004283
>WHAT ABOUT THE BOGEYMEN TUCKER TELLS ME ABOUT BEFORE BED
neither of those are happening, fool.

>>53990579
>How do you think we went from paying like 2% on general goods to about 7 on average
Because that's money out of your hands and into theirs. Capital gains tax means money out of their pocket too.

>>54004339
Not money out of my pocket. Only applies to capital gains over $1 million.

>>54004248
>full red ticket
Because Trump is suddenly going to start caring about the working class right? Just like all of his supporters rotting in prison whom he so eloquently defended a single time in 3 years?
>Every bizraeli out there is working class, except for a few made it edgelords, and it is important that people understand that there is a dichotimic reality to our class: taxes which benefits our class come at the expense of capital, and vice versa. By removing labour protections, you are choosing to participate in the ancient racial caste system of labour organization. Which is so fucking terrible for your average worker that serfdom lasted a couple thousand years. The organization of labour in the industrial revolution brought today's prosperity. This is the first time ever big business (capital) has ever been forced to fund society's expenses so working class families can live on a single income. Turning your back on these rights would be an act of monumental idiocy.

>>53990989
retard, there are safe and simple ways to raise cash against assets and do what anon is suggesting to lessen your tax liability and enjoy your wealth. git gud

>>53991011
^ another incel larping as a billionaire

Biden is legit the best president of the modern era. He actually gets shit accomplished.

>>54004283

Society could get by very comfortably on a 1% flat tax if you culled all the bullshit and jews from the system.

>>53992517
You pay tax only for the portion of your income that is above $100k/year. Good luck making that money abroad if you're not a CEO

>>53993660
Trend still holds weight. You fire niggas and inflation magically goes down.