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/biz/ - Business & Finance

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23725175 No.23725175[DELETED]  [Reply] [Original]

We are fucking fucked.

>> No.23725655

>>23725175
Umm what? I’m pretty sure it’s already 40% thanks to trump... do you not remember that crash?
https://news.bitcoin.com/trumps-new-tax-bill-means-changes-ahead-for-us-bitcoiners/

Fuck that orange fuck

>> No.23725692

it would have to pass congress though..

>> No.23725724

>>23725692
This. Dems got rekt in Congress yesterday. We are good bros

>> No.23725768

>>23725175
That's a rich tax, you pajeets don't need to worry about making that many gains because you won't

>> No.23725790

>>23725175
>AJC
Why aren't you picketing at state farm arena and tell them to finish doing basic arithmetic?

>> No.23725791

>>23725768
guys is this true??

>> No.23725818

>>23725768
Fucking retard
Most of the market are institutions and Private Equity, they will all get fucked and the markets will drop. The only reason they are up now is because republicans still control the senate. There will still be volatility

>> No.23725821
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23725821

KARMA BITCH

>> No.23725832
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23725832

>>23725821

>> No.23725837

>>23725175
FAKE NEWS
>if you make more than 400K
you faggot

>> No.23725840

The majority of shit presidents say will come when they're in charge never does. It's unlikely this will really go into effect.

>> No.23725854

>>23725818
>markets will drop.
they sure are dropiing now anon. and even if they did - they will fucking recover jesus christ. fucking idiots who all believe this bullshit.. it will fall for a few days and then the real shit will impact it - like Drumpf tweets

>> No.23725880

>>23725655
You dumb shit...

>> No.23725891

>>23725837
THIS

>> No.23725931

>>23725854
>they will fucking recover jesus christ
Only american Indices. Any of your individual investment can easily perma tank. You think corporate taxes are good? Private equity and all major investors will get mascaraed if that passes

>> No.23725951

higher taxes on wealthy people is based, society should not just be a funnel of wageslaves working to make 0.01% of people incredibly disgustingly wealthy.

>> No.23725955

>>23725655
It was always a "hopeful" loophole that had no clarification. The change came from the IRS and ensured crypto fell under capital gains tax laws WITHOUT the ability to use like-kind exchange rules typically subject only to real estate.

If held for over one year, crypto falls under long term capital gains tax which currently maxes out at 20%, otherwise if held for less than one year, the gains are taxed under standard income tax brackets.
Be educated. Not polarized. A society fractured fights over whose team is best without paying attention to the referees. The media is making fools of us all

>> No.23725968
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23725968

>>23725832

>> No.23726023

>>23725955
Keep sucking the ape off

>> No.23726024

>>23725175
yeah, this shit is why you dont vote for "anti capitalist socialists" money and business and investing is capitalist, so bye bye americans, crypto will probably be banned because its evil capitalist exploitation

>> No.23726183

>>23725175

Long term still 15%, just hold lads

>> No.23726367

According to https://taxfoundation.org/joe-biden-tax-plan-2020/ one of Biden's proposals is to
>Taxes long-term capital gains and qualified dividends at the ordinary income tax rate of 39.6 percent on income above $1 million
Are the gains I've made included in that "income?" or is it separate, e.g., if I'm unemployed my income in the above proposal would be $0 (so my rate would be 20%)?

>> No.23726467

>>23725175
Reminds me of an article I read a long time ago about a woman who voted for all these progressive social and welfare politicians/policies, and was shocked and angered that her taxes went up to pay for it al!. She thought they were all free and that it was the responsibility of the state and she should not have to pay for them all.

>>23725840
>It's unlikely this will really go into effect.
Or if they do come into effect, they will have so many loopholes, the rich will end up paying less anyway.

>> No.23726827

>>23725951
The rich are always in the lowest tax brackets. Why individuals and small businesses have to get fucked is still a mystery to me. Corporate taxes will never go up under any party, only individuals and small businesses.

Biden is going to gut the 401k, which will effectively destroy the middle class.