Biden proposes nearly 45% capital gains tax rate
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- Опубликовано: 25 апр 2024
- Americans for Tax Reform President Grover Norquist discusses President Biden's 2025 budget proposal on 'The Bottom Line.' #foxbusiness #thebottomline
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The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘Melissa Terri Swayne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
America is screwed if Biden isn’t removed
I strongly believe he will be removed, one way or another.
He needs to be de-installed.
Like malware on the computer.
That rhymes. 🎶 🎶
No he won't he gonna be in office 8 more years
@@Jose-nr9ge Stuff it, 3rd World sewage.
Why not 70%? I have a better idea. get Biden and his son to pay the taxes they are supposed to pay.
Why not 70%?
Good point. The idea is to tax the country into prosperity. No country has ever managed to do this.
Every American should stop paying taxes. This is just getting out of control.
Hell yeah if we all stood up and said no more we the American ppl are done what they going to do lock us all up?
I’ve been saying this. But companies need to do it first. Then the people will follow suit.
100 percent agreed f the gov
I agree
Stop shopping, don’t give them your money! Boycott shopping, that will hurt them more!
Biden administration needs to go 😡🙏🏼🇺🇸
GITMO PREFERRED ASAP for Traitor Joe, The border Czar, Pelosi, #42 & spouse, #44!!
yes, he must go. But capital gains = income, and most of our 330000000 + Citizens don't get them, have no way of getting them...! So. however 45% is a great deal, but of large sums for so few, let a dicktate hit them.
Absolutely!!! Joe and the Hoe need to go!!!!
Yes, please.
...into a chipper-shredder....FEET first...
Get rid of this president !!
@unityyyent He's no president !!!
PLEASE
Too much damage has been done, this November you’ll begin 4th Obama term
FAKE president
@@T3_Surv Except that Obama didn't damage America this badly while he actually served! I actually miss listening to Liberal media cry about all of Obama's deportations. Although I don't miss the surveillance state or the arming of drug cartels.....
I would just like to say truly from my heart, FJB!!
It’s time for every American to stop filing and stop paying taxes.
Unfortunately companies are part of the IRS theft ring and take taxes out of every employees paycheck.
Who is tired of this guy?
The entire country is tired of this guy. Well except for RFK Jr’s jealous siblings and cousins. The rest of us have brains in our heads, not in our nether regions. Take our country back from this moron. Please. Save us.
Real question:
Who isn't?
He needs to go!
true americans not the immagrants free money for them fb
Be Calm, Vote Trump
I propose the government cut spending and stop supporting every foreign war.
Cut the Government by 70%. Let them get New Green Jobs.
The problem with your idea is that it’s logical and obvious therefore impossible for government.
Or as in bidens case stop doing things that created the foreign wars ...
The problem with Afghanistan was that none of Biden's family or buddies were getting rich off of it. So he started pushing Putin into this new Ukrainian war that he could exploit for his own benefit.
You are asking congress to take a pay cut from the kick backs and donations
Keep given our money to other countries, then raise capital gains tax, FJB
Bleeding the american people. We are the cash cow for everyone else.
If approved, the Biden administration's proposed 25% tax on unrealized gains and 44% increase in the capital gains tax rate will not only devastate the economy but also penalize the hardest-working citizens and ensure that Trump wins the election. I would like to invest $100,000 of my current funds in a non-retirement account; any suggestions? I have put in 22 years of hard work, and I don't want to fail.
For the time being, I would stay away from index funds, mutual funds, and particular stocks. The best option available at the moment is a five percent fixed income. Set aside funds for when the market begins to recover significantly.
Forty-five percent of Americans avoid investing in the stock market because they lack guidance. Every year you fall behind due to your lack of investment. In the stock market, I'm performing better than I ever could have imagined. It seems unreal that my portfolio has increased from $50,000 to $600,000 thanks to the guidance of my financial advisor.
Opting for a financial advisor is currently the optimal approach for investing, particularly for those nearing retirement. I've been consulting with one for a while, and my portfolio has grown by 85% since Q4 2022.
I have not written this sort of comment before but from the your comment, I knew that you have good understanding of investing, How can one reach this person of yours?
She goes by "Jill Marie Carroll" I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Never in my wildest dreams did I ever think that we'd have a president that was this awful.
Obama was worse.
Joe is not running our country. There is an outside group telling him what to do and say. Dementia makes it hard to think and remember. Joe will not make it another term if he runs.
Don’t accept fraudulent elections next time. 😂
Me too. Yiu took the word right out of my mouth....hes the worst. His son, his wife too.
Demon driven...
Get this S.O.B. out of office before he destroys this country!
he already has destroyed this country
@@colehicks4993 Ok, then he can stay.
Too late.
@@typhoon320iBiden voters are gullible fools!😊
I agree gotta take out the deep pockets that support him too
American government doesn't have a revenue problem. American government has a spending problem. A big one!!!!
Sleepy joe and dems: " What are you complaining about? We are allowing you to keep over half of YOUR MONEY!! Aren't we wonderful!!
One of my employees, a navy veteran, is losing his mind. He doesn't want me to take taxes out of his check. His reasons are logical.
- Millions of undocumented people allowed in and receiving thousands of dollars each month.
- BILLIONS of dollars sent to known corrupt countries.
- cost of everything here at home
What do we get for thanks?
A tax hike.
I told him he needs 81 million people behind him to take that stand with him.
FJB!!!
Times a million.
@@DimitriosChannel let's make it a trillion times , inflation you know .
And the mules he rode in on.
@@martinm1231 you're just jealous because you don't make enough to pay taxes
FDJTAYT!
Crookedly crooked Biden 🙄🙄🙄
Crooked politician is crooked
We just have 95 billion away!
FDT sec offenders for trump 2024 😂
Crooked Trump Mafia Boss that serves communist Putin and Corrupt Bin Laden supporters of Saudi Arabia!
Subhumans and idiots for Biden 2024.
How about instead of raising taxes, we stop sending money overseas and use it on issues that we have at home.
Why don’t we stop giving money away to other countries and let them hate us for free
Can’t launder money that way
Instead of increasing taxes... we should be decreasing the size of government. This is NOT rocket science.
What next, Joe ? Tax air ? The Trump Tax Cuts be benefitted everyone. You are destroying America. Do us a favor and retire now !
Sir, I’m sorry to inform you.
But you haven’t paid your RUclips comment tax… I’m gonna have to ask you to delete this comment.
Factually incorrect unless of course you're in his top one per cent
U r 100% right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@@Dan47853The tax cuts average around 5% decrease for people making less than 200k and a bit over 3% decrease for people making over 200k.
He is retired... Just nothing better to do.
As far as he's concerned.
This coming from the guy whos son hasn't paid his taxes
YEAH now he's going after our money. Anyone who values their money needs to vote against this tyrant.
They shouldn’t tax people’s inheritance properties at all. When grandparents bought it with blood, sweat and tears, we should be able to afford to keep it in the family.
It’s not a revenue problem it’s a spending problem … stop spending money
It’s been a spending problem for Democrats for years….theyre out of control…
Dan Malloy memories.
Yes,you are so right. This government is horrible. I feel like there will be poor serfs and only rich left in four years if this little tyrant is allowed to stay. “The big guy” what a joke!!! There is nothing big about him except his ego. What a disgusting old narcissist he really is.
The Dems will never stop spending money and we all know it.
@@kimberlymuldowney503 You think the Republicans are any better?
Screw JB, he’s done
Joe "TEFLON DON" BIDEN.
He said he wasn’t going to raise the taxes on the American working people but guess what he lied imagine that
Communists are liars.
Thomas Jefferson...."What the hell is wrong with you America? Did I not clearly lay out the steps to be taken when government becomes hostile to you? Why are you allowing this?"
Because nobody has the "balls" to do anything about it. Sorry Thomas 😮😢
This comment should be top comment
@@mirandabri834 Once the seal is broken it will be full on civil war!
Agreed but people are cowards these days. It's clearly layed out in the declaration of independence
Biden makes Jimmy Carter look like a good president
Absolutely!! And I never thought it could get worse than Carter...
@@medic1937 obama was far worse than Carter. Biden is merely an obama puppet.
The thing is Carter had a good heart. Biden is pure evil
At least Carter was only incompetent - he wasn't crooked.
This is Obama 2.0
Not once did my 401 grow with 0bamy, but it soared when Trump was in office, I cashed out as soon as I discovered No Joke Joey took office! dodged that bullet! and never took the jab either! Trump 2024! Winnin!🏁
Obama was in office from 2009-2017. The S&P500 index had positive returns for six of those eight years. The two "bad" years, were down -0.73% and 0.00%. The six good years from that era ranged from + 9.5% to +29%!
So either you or your fund manager made really stupid investment decisions, or you're just lying.
You don't have enough intelligence to understand what is really going on
should have invested in Americans.
Hey. No joke I jugfdsstgdetuioppishhh..... Uhhhhhh.......And I mean it! FJB
Well obummer the dictator did say change is all you’ll be left with… he was right
I don't know about everyone else but I'm tired of paying taxes and getting nothing back from it. They want more and more.
Capital gains needs to be 15%.
All federal taxes should be set at a maximun 15%. Governmemt size needs to be reduced by 70%!!!
American voters, "get this guy out, now" or this country is finished.
Even if this opinion is the consensus, he will still win. I would bet half of what i own on this.
@@dbased1915 Sadly, its the truth what you say. people don't really change, they won by stuffing ballots before so why are they going to stop?
The world is close to war.
@@dbased1915 You are. We are all betting half or more than we own.
you actually have faith in the voting system? are you kidding me?
Tax money being spent on everyone but the taxpayers.
The illegals need a raise and bonuses. They have travel expenses and everything else has gone up too. College kids need their studentloans paid for them, mean while they are not going to class but protesting Israel. It's getting worse by the day, but Cotton Eyed Joe hasn't a care in the world, he'll some how, some way blame Trump.
It’s getting worse and worse
Any common citizen who supports tax increases for anyone is nuts. The extra money is just wasted or sent overseas. Our corporations are job creators. We own them via our IRAs and 401ks. They are not the enemy.
We have a circus festival for a federal government.
FJB
Why not just tax at 100% and have the government “provide everything”…o wait, that is their ultimate plan
Universal Basic Income!
You will own nothing and be happy 😂
Yep, and what do you think that government is going to tell those retired folks that need medication? Food? A place to live? Sorry folks, you contributed, but now you are useless, we can't afford to pay for your medical, your food, your rent any longer, good luck to you.
I don’t think most people understand that they the working people pay corporate taxes. People are stuck on TV, their phone, and avoiding anything uncomfortable-
Most are apathetic.
I propose Biden gives us his 10% cut.
I would like a piece of the 2 billion dollar payoff/bribe Jared Kushner, Trump's son-in-law, received from MBS of Saudi Arabia. 10% of that would be 200 million dollars! 😂😂😂😂😂😂
@@brianbullivant1009.... this isn't about Trump though, is it?.... stop deflecting, defend your man, if you can.....
@@splendidrush1 He's a giggling idiot.
@splendidrush1 The Republicans have been investigating Biden for well over a year now and have not been able to come up with one thing illegal President Biden did, let alone your 10% nonsense. Now, Trump's son-in-law Jared Kushner receiving 2 billion dollars from MBS of Saudi Arabia is something you can read about in the Wall Street Journal or look up here on RUclips. 🤔
@splendidrush1 My comment was the equivalent deflection of the poster I was replying to, but you seem to ignore that fact. Why am I not surprised?
FJB!!
Taxes are extortion. How many times do they have to tax is on the same things?
Winston Churchill: 'We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.'
Winston Churchill said, "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle?"
Joe Biden"s way, tax us more and spend more on other countries.
And on illegals.
💯
Yeah his priorities are to line his pockets and rest of the con artists that are in his circle.Something has got to change this is not sustainable.
This directly impacts people exactly like me…!!! I’m voting this out
I’m white I get nothing free I can’t even get food stamps
I burned the roof of my mouth on my refrigerator lightbulb, it was the only thing in there
@@ronnievarnet5489
😂😂😂😂
Say your black or illegal you'll get it all than😊
Say it in proper English, then.
I'm black and I can't either; Biden's got to go.
So Congress would be paying higher taxes on their ill-gotten, insider trading gains? Lol. That ain't happening.
They will right in a law that they are exempt from Bidens tax steal.
They forget where their salary comes from, and the fact they no longer earn it.
What an absolute joke
Wake up people. Vote them out.
Rich get richer, poor get poorer, you got the haves, and the have not. Either you are rich and wealthy or very poor. Their is no middle class.
Yet folks still vote for blue no matter who .why???
BEIJING BIDEN
something, something..... means he's pro China......brilliant.
Investment killa
The Republicans need to be all over this - campaign adds etc...... Let everyone know Biden's plan.
Most importantly, they need to educate the public how this effects the middle and lower classes so as not to fall for their lying 'tax the rich' propaganda.
Problem is the RINO's are in on it.
Capital gains should not be more than 10-15% any more, that would be communist!😢
How bout cutting government spending by 45%?
Capital gains are taxed by annual inflation.
44% tax is insane
The goal is 50 not far off
Work for your self! That's communism and they won't give you free Healthcare and education
It’s straight up robbery, you are essentially saying hey give me almost half of your retirement
Would a Roth 401k or Roth IRA protect you from this since your contributions are pre taxed and you don't pay tax when you withdrawal at retirement?
@@familytrio1181probably not since taxes are paid up front, I’m not sure how much it is, problem with Roth is that you have to wait 59 and a half years to withdraw it. But for those who have been investing for decades like Warren buffet, it’s a slaughter waiting to happen, cuz he paid 20% capital gains tax, but more importantly he manages people’s retirement, so in reality you are screwing buffet over as much as you are screwing the people who has invested into Berkshire, but I’m unsure how that’s gonna play out, it’s just gonna make investing a whole lot harder, it’s gonna be a lot harder for people like buffet to manage other peoples money because he’s gonna have a lot less to work with whenever he sells you see.
How the hell does the federal government deserve almost half the profits from OUR retirement investments? The government is out of control. We have to get it back for our kid’s future
Don't quote me but if my memory serves me correct in the original formation of our then young government it established that once money was TAXED it wasn't to be TAXED AGAIN!?!?!?!?!?
What kids? Who’s having kids?
Bidenomics
That’s the top proposed tax bracket. Are you earning millions yearly on stocks. Probably not since you’re listening to fox business.
@@tooch1180NOT ME!!!!!! Sh#$!!!! I just feel bad the ones who have kids especially the wedlock mothers and people are about to have babies. More struggle for them if they wasn't born with a silver spoon and silver platter.
We are the people need to tell them… DON’T! DON’T! DON’T!!
If this tax goes through on captor gains will devastate real estate market and seniors especially
FJB.
When the president and all of these rich cronies of his pay their fair share. The idea is QUIT printing money to give to a country that does not care anything about us.
They need to get rid of that piddley 3k a year loss write off limit too for investments.
What these idiots proposing these taxes don't realize is the huge risk people are taking when they invest.. Of course the people proposing these taxes don't suffer from that risk since they have all the insider information they need to always make good trades.
Not only do you have the risk of losing all your money in the market if you are in the wrong companies when the market or a stock crashes, they want more than half your money if you succeed.
You aren't encouraging people to invest with that sort of policy.. You are doing the exact opposite, and that would cause people to pull their money out, and companies will suffer because of lack of funding when people don't invest in them anymore. This is a horrible idea.
The issue is government spending is out of control. More money is wasted than you and I can imagine and their solution is to tax more. Really?
They dont have a budget what’s to stop them from spending.
Nothing
It’s working wonders in commiefornia 😵💫
The problem is we are overtaxed, at every monetary transaction uncle sam has his hand out. Then the tax revenue is mismanaged or sent overseas with no say so from the taxpayers. WE THE PEOPLE HAVE THE POWER TO REFORM THIS BROKEN SYSTEM. IN FACT, ITS OUR DUTY AS AMERICANS
@@ErrkNjerk That is so true, we are taxed on income, when be buy anything we are taxed and then the gov just gives it away and then want us to pay more.
@@ErrkNjerkThe first time you say anything, you will be right next to the J6ers. What do you think they were doing? Trying to stop the tyranny, but, the media lap dogs put their spin on it, and now they are nothing but enemies of the United States.
Its pretty crazy that he's doing all these things that no one wants but he's president because "orange man bad"
FJB now more than ever!!
American people pay more tax for another Country 😢😢😢 FJB
I'm so sick of all these wars and all these taxes. We get taxed the very moment we are born, straight up to the time we pass on and then they tax our family because we passed on too. When does it end? Enough is enough. This is exactly what we fled from when we left England and Europe originally. Our system was never designed to tax the citizens like this.
This is one of the reasons why i say government should be volunteer and part-time. Ensuring a better connection to the average citizen as well as, a more honest and forthright government. For the people, by the people.
Not this, whatever this is that we are dealing with now. This is outrageous.
Correct your political status and become an American national and NEVER pay federal income taxes again.
If you didn't earn it you should pay a %50 gift tax
He doesn’t CARE!!! He has newcomers to replace us. The entire Democratic Party is corrupt.
Wait till the government goes full blown new world order
@@HappyGermanShepherd-xi5sqkeep your hands off other people's money. You certainly didn't earn it.
Joe Biden for a Nursing Home 2024
Unbelievable. Keep it real!
What on earth is JB thinking? Oh wait, he isn't.
Thinking? Dude, that last ice cream cone put the remaining two brain cells on permanent freeze.
@@JuddHolmberg Inject BLEACH Again as your CULT leader Said
The government wastes our tax dollars. I am 100% against giving them on more penny until they can balance a budget.
How about this why don't we just do away with taxes all together zero taxation across the board
Yep....that will really help out our economy. Watch unemployment go through the roof.
FJB so much for scrimping and saving for retirement. I guess I will be forced to live on dogfood.
If you can afford dog food.
That's why they're pushing crickets and worms and fake meat. Pretty soon it'll be soylent green. Watch the movie. Increasing taxes crushes the masses, well, except if you're an illegal, then you get everything given to you free.
That's the plan .😢
It should be a flat tax for individuals of 10% and corporate tax rate of 15%. You could pretty much abolish the IRS
Vote him out this November.
This really shows the stupidity right before an election....however, keep up the good work and show the people how you think!!! Or is he really thinking!
Theres alot of anger out there,landslide to trump !
Save America. Vote Trump
Jobama is pathetic.
What I find interesting is that buried in the annual of this countries it was written that ONCE MONEY IS TAXED IT WAS NOT TO BE TAXED AGAIN!?!?!?!?!?!?!?!?!?!?!?
We even get taxed on our tax refunds. Money that was overtaxed to begin with. 😖
So our property taxes will sky rocket
Necessarily....
That’s already happening 300% last 5 years
Already has
There should be no property tax
@@mariehartley6840there should be no capital gains, IRA, 401k taxes either.
What kind of exemption are they going to put in there so them and their friends don't have to pay it
Please get your dirty greedy hands out of my pocket!
Correction............there is no good news until Trump is back in the White House.
You are right about that, butttttttt, 2028 comes after that and Trump can’t run again. Once he is in people need to start really thinking about who is next. Also need to get all the far left types out of every government position at every level!
@@2olvets443 This is why we need people like Vivek in the office with trump. We need someone to take up the mantle after Trumps term is over. One term isn't going to be enough to fix this country.
You really think he’s going to be president again? Have you been paying attention?
@@Livnglrg what with the trials….yeah that’s why I’m voting for him. Have you not been paying attention? Trump has been an icon since the 90’s then suddenly during his re-election year he gets hit with all these. Sure seems pretty convenient for the Democrats if you ask me. Especially after they forced RFK into being an independent because they were going to remove him off the ballots so he couldn’t run against Joe. Then shortly after that they tried to remove Trump off the ballots as well. Your party is currently corrupt with this administration. This is coming from an independent voting Trump.
@@Livnglrg yeah typical. I’d love to respond, but Biden told social media platforms to remove stuff deemed “untrue”. Which in other words erase anything that is against his narrative. Literally can’t respond to you without my comment being erased within the minute. Social media is being abused as a loop hole in the first amendment.
Joe gotta go! Joe gotta go!
High capital gains taxes would crush senior citizens.
This is the nail in the coffin for biden! This is from the china playbook
This tax height will not affect corporate, but it will affect you expect prices to rise by 45%
Down with Biden 👎
One like on this comment is a vote against Biden
Companies will start laying people off
Layoffs started 2 years ago
These companies believe the remaining workers are just gonna do the work of 2-3 people for the pay of 1 person 😂😂😂 that won't last long 🥱
@@freshmclovin4593 Automation. I am a computer scientist. We're already have the prototypes. We're now doing audits and sample test to see where AI and automation can move into. The only place that you'll need humans will be security and the mechanic that replaces the kiosk. We are also narrowing down the "vulnerability surface area" to dissuade customers from stealing or making it almost impossible to steal. We wouldn't ever decide to replace most remedial human jobs, if it wasn't for the current inflation and insane labor cost. It can all be reversed if the price economics get better, but Biden is forcing alot of small businesses to go as a "full stack owner" or "automate everything." Its sad.
@@complexity5545 thats why more retail stores are closing down. Too much overhead cost, replacing staff with AI or sending job offers Over seas, and focusing on direct ti consumer (online sales) to prevent theft. Most retail chains will close especially dollar tree they cant afford to stay open any longer.
@@complexity5545 what customers???? With automation everyone wont have a job so who's gonna be buying these products ??🤔🥱😂😂 ya thought that one out yet ?? Since like you said there will be only certain jobs available , which means less spending power yikes 😬
Eliminate income taxes…increase sales tax. Those who spend the most $ will pay the most $. Problem solved
*ABSOLUTE POWER CORRUPTS ABSOLUTELY.*
"I love paying capital gains taxes." "I wish my capital gains tax rate was higher." Have you ever heard anyone say either of these things? Me neither.
Of course all his earnings are under the table thru corruption