From 100PercentFedUp - READ ORIGINAL
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What is the biggest problem in America right now?
If you said “we don’t pay ENOUGH tax!” you’d be thinking just like the Biden Regime.
This is almost hard to believe, but Joe Biden just announced he is seeking the highest increase in capital gains tax in more than 100 years — a raise to 44% which is absolutely stunning:
Biden has proposed the HIGHEST Captial Gains Tax in more than 100 years: 44%!
Kiss your wealth GOOD BYE!
— Wall Street Silver (@WallStreetSilv) April 24, 2024
Here’s more, from Grok:
President Biden’s proposal for a 44.6% capital gains tax, the steepest increase since 1922, has ignited a heated debate among social media users. The discussion revolves around the best approach to tackle the national debt, with some advocating for reduced spending, particularly in defense, and others supporting the tax hike. Critics argue that the government’s spending habits are the root cause of the problem, expressing frustration over the allocation of taxpayer money to foreign wars instead of addressing domestic issues. Supporters of the tax increase believe it is necessary to pay down the national debt. The debate reflects a global trend with leaders pushing for higher taxes to address national debts.
But that’s not the only “100” at play.
In total, there are over 100 tax increases proposed by the Biden Regime, so many it’s hard to even track them all.
Listen as CNBC has trouble even explaining all of them:
Biden’s Budget Calls for Over 100 Tax Increases
“The largest source of new revenue would be raising the Corporate income tax rate from 21% to 28%…Then you take the top marginal rate to 39.6%. You hike the capital gains rate to over 44%.”pic.twitter.com/EAfJC6eUqt
— Chief Nerd (@TheChiefNerd) March 20, 2024
But wait, there’s more! (apologies to the Ginsu knife guy)
Not only do they want to RAISE taxes, they also want to create a whole new category.
You’ve probably seen this before:
Apparently that’s not good enough.
Now they want to add a NEW category called unrealized capital gains.
This explains it very well:
Biden wants to do an unrealized gains tax of 25% on capital gains.
That means if you have $100,000 of Bitcoin and it goes up to $200,000… but you don’t withdraw it and cash it out only at $100,000… you still owe Biden $25,000.
COMMUNIST BULLSHIT!
— Joey Mannarino (@JoeyMannarinoUS) April 24, 2024
Absolute insanity!
Please share this article to get the word out before everyone votes in November.
KNOW WHAT YOU ARE VOTING FOR!
Nobody wants this…..
