“Yes I love paying 44.6% capital gains tax and a 25% unrealized capital gains tax to support Israel, Taiwan, and Ukraine. No, I love renting, we don’t need to own a home.”
Only applicable for people with taxable income above $1 million and investment income above $400,000.
No way this bill would get bipartisan support. This is meant to be a messaging memo for the campaign.
I am not ultra rich and don't own more > 100 million in assets to come under any of the above situations. Next.
I thought Biden’s capital gains applied if you have $1MM in income. So it could apply to any techie whose equity moons.
Only applicable for people with taxable income above $1 million and investment income above $400,000. No way this bill would get bipartisan support. This is meant to be a messaging memo for the campaign.