Looks like capital gains tax bracket is going to increase for people with higher income. TC 700k
Sell after the republicans are back in office.
Stop making 20% returns per year so you can stop paying an extra 5% of that 20%? Sound maths
They are talking about reducing the taxes on the gains already made. Like sell and immediately buy back. I don’t think they meant they will sell and hold it in cash
When they sell, they’re liable for taxes. This lowers what compounds into the future, that’s what the OP is saying.
The stock market would crash if everyone did this
Wait until to actually happens. Chances are slim it happens it likely wouldn’t affect 2021 anyways.
Republicans will take back the House and Senate and the shenanigans will stop. Hodl.
Make sure you vote to stop this insanity
Lol ppl around me at work are saying they won’t be surprised if Dems come after existing Roth IRAs
Take them to your graves.
Too late to sell. If they pass any bill it will be backdated to the date it was proposed. It prevents selling as the bill goes through congress.
What about your home capital gains?
if you think 20% is the lowest you can get in the next few years- the just sell and buy back. It wont change your portfolio (maybe +- %% due to price fluctuation) but will trigger tax event so your gains will be realized
What's the bracket for the increase?
~39%
Time to go to Canada