No. of Recommendations: 1
" Sure, but not for shirts and goggles. They'll sell if they need the money - but they're not going to sell just to sell, or because the tax rate drops from (picks number) 32% down to 20%. They're still just better off holding unless there's some actual, exogenous reason to sell shares."
I stipulated that the two parties of self-dealing grifters would act together to close the loopholes, follow? So.
take away the stepped-up basis,
if you borrow against unrealized cap gains, you pay a 20 percent tax on the loan amount,
if you donate unrealized cap gains the charity pays the Fed 25 % of the proceeds from sales as they occur.
all the other loopholes would be taken away as well.
The Dems are currently a 60-40 favorite to win back the white house in 28.
The Dems are a 5 to 1 favorite to take control of the house in 26.
The senate control is a dead heat in 26, even money.
IF you had super wealth would you realize some of those gains into a 20 % max rate or wait to see what progressive Dems propose down the road?
BTW, does anyone support the wealth tax in Cali?
Thank you.
