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Stock Market under President Biden
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(04-26-2021, 06:24 PM)Senor Fantastico Wrote:(04-26-2021, 04:36 PM)HURRICANE!!! Wrote: Oh that. Not that big of a deal - market swiftly reacted to the news but bounced back up once people had time to absorb the fact that it only impacted people that earned over $1m per year (not including cap gains) AND it still needs to be passed by the Senate which is unlikely. The worst part is applying capital gains taxes to inheritances. Now, assets are inherited on a stepped up basis, but under the proposal as I understand it, not only will the stepped up basis be eliminated, but also, capital gains taxes will be assessed at the time of the inheritance. So, for example, if you inherit a house from your parent, and they've owned the house for many years, you will be assessed a capital gains tax on the increase in the value of the house since that parent bought it. (04-28-2021, 09:30 PM)StroudCrowd1 Wrote:(04-28-2021, 09:26 PM)flsprtsgod Wrote: Trevor is taking his signing bonus in Crypto: I just hope the endorsement deal pays him enough to make up for the loss he will take if and when those cryptocurrencies crash. Blockfolio Trevor Campaign |
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