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The Water Cooler
General Discussion
Biden wants to increase taxes on all you rich working peeps.
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<blockquote data-quote="SlugSlinger" data-source="post: 3567709" data-attributes="member: 7248"><p>Taxes on stock gains will increase from 20% to 39.6%. They are trying to figure out if it will be retroactive for 2021 or start in 2022.</p><p></p><p>The market will crash when this happens. That means investment in companies that employ people will come to a halt.</p><p></p><p>This is just the federal portion of the tax. Among the highest state tax includes New York tax is 8.82% and California is 13.3%. No wonder people are leaving these states in droves. Oh and they are losing congressional representation because of the exodus.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3567709, member: 7248"] Taxes on stock gains will increase from 20% to 39.6%. They are trying to figure out if it will be retroactive for 2021 or start in 2022. The market will crash when this happens. That means investment in companies that employ people will come to a halt. This is just the federal portion of the tax. Among the highest state tax includes New York tax is 8.82% and California is 13.3%. No wonder people are leaving these states in droves. Oh and they are losing congressional representation because of the exodus. [/QUOTE]
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Biden wants to increase taxes on all you rich working peeps.
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