retroactive capital gains tax reddit
Biden plans to increase this. Issue Date December 1988.
How Could Changing Capital Gains Taxes Raise More Revenue
Currently the top capital gain tax rate is 238 percent for gains realized on assets held longer than a year.
. Depending on the jurisdiction income taxes are calculated and collected in a variety of ways. As MarketWatch points out the change primarily. Up until now the tax rate on capital gain has been zero 15 or 20 depending on your income.
35m members in the Bitcoin community. A Retroactive Capital Gains Tax Increase. One of the big surprises included in President Joe Bidens first budget is the retroactive application of the near 100 capital gains tax hike.
In some cases you add the 38. Are retroactive tax increases constitutional or even fair. If not retroactively then likely by January 1 2022.
Up until now the tax rate on capital gain has been zero 15 or 20 depending on your income. Are retroactive tax increases constitutional or even fair. 13 votes 32 comments.
President Biden really is a class warrior. This paper presents a new approach to the taxation of capital gains that eliminates the deferral advantage present under current realization-based systems along. Income taxes are taxes that are collected on the individual earnings of persons or entities.
With this retroactive income tax. A community dedicated to Bitcoin the currency of the Internet. Whats clear is that a capital gains tax hike is almost certainly on its way.
The Franchise Tax Boards move has the potential to have a chilling effect on business creation and entrepreneurship said Brian Overstreet a California entrepreneur who started rallying. 398 votes and 56 comments so far on Reddit. Not only does he want to raise taxes on capital gains to a modern high of 434 he wants to do it retroactively.
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