Want to know who’s not complaining about the capital gains tax…. actual rich people. Why, because they know how to make the money work in their advantage and know every tax loophole available.
@Captaincoby00 Imagine complaining that you pay a tiny bit more on net profits OVER $250,000. Not on your income - bot on a primary residence but on stocks you’ve already made 500% profit off of. In the meanwhile, they ignore people are facing the choice of buying groceries or paying rent.
@JasonOnTheDrums The elites don’t care about you or your struggle. You know this.
@Captaincoby00 The best is "it hurts vacation home owners” if my family bought a cabin for $25k in 1961 and its current value is $325k I’d realize a profit of $300k selling it today Under the new capital gains tax, only $50k of my $300k profit is subject to higher taxes How will I survive?
@JasonOnTheDrums @Captaincoby00 Exactly! Why bother selling it? Gift it to your offspring - keep it as an heirloom.