LoriQuaid on Nostr: Joe Biden just announced he is seeking the highest increase in capital gains tax in ...
Joe Biden just announced he is seeking the highest increase in capital gains tax in more than 100 years — a raise to 44% which is absolutely stunning
Not only do they want to RAISE taxes, they also want to create a whole new category: an unrealized capital gains tax of 25%
So if you have $100,000 of Bitcoin and it goes up to $200,000… but you don’t withdraw it and cash it out only at $100,000… you still owe Biden $25,000.
https://wltreport.com/2024/04/24/joe-biden-pushing-biggest-tax-increase-100-years/
Not only do they want to RAISE taxes, they also want to create a whole new category: an unrealized capital gains tax of 25%
So if you have $100,000 of Bitcoin and it goes up to $200,000… but you don’t withdraw it and cash it out only at $100,000… you still owe Biden $25,000.
https://wltreport.com/2024/04/24/joe-biden-pushing-biggest-tax-increase-100-years/