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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (179682)10/25/2021 12:49:32 PM
From: Roads End  Respond to of 220066
 
Yeah, congress gets its foot in the door and it is just the beginning. It all starts somewhere like it did in 1913. Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000.



To: Pogeu Mahone who wrote (179682)10/25/2021 6:22:57 PM
From: carranza2  Read Replies (1) | Respond to of 220066
 
Holy smokes!

How about all those retirees with hugely appreciated stocks?

They'll have to sell simply to pay the capital gains tax.

Amazing.

Surprised that the market did not tank today on that information.

I suppose it didn't because there isn't an icicle's chance in hell of the proposal ever passing.


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