President Joe Biden wants to increase capital gains tax to an astronomical 48.4%. This could be BAD for investors.
Biden’s Top Marginal Capital Gains Tax Rate Would Be Highest in OECD
https://www.realized1031.com/capital-gains-tax-rate
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39 Comments
Not in my country so don't care…
I’m voting republican
WHY SHOULD ACTUAL WORK BE CHARGED MORE TAXES THAN PASSIVE CAPITAL GAINS? Do you really think that’s right?? I mean working people being charged more taxes for actually working, than investors sitting on their asses, is fucking WRONG. Get out of the crypto bubble people.
The Great Clown Show we have in Washington is coming to an end. One sick freak doesn't get to decide the fate of markets. Regime change will decide!
Ya but you have to be a millionaire for that to hit you lol. It’ll cause a panic dip I’ll buy though 😎. I’m not rich so this doesn’t affect me unless I start making millions down the road. Plus it’ll get negotiated down probably by 50% of the increase wanted. I think it’ll land in the 30s after it’s worked out in negotiations. But either way I don’t make enough to be affected by it lol
So only make $999,999.99 Got it.
bloody Marxists
He must be delt a crippling blow in Nov.
This could be the final blow to the country.
Video doesn’t match title. New title should say “Itrust infomercial”
Thanks for content watching from UK
Wait!!!!! You guys actually make profits from Crypto?!!!!! 😳
What is the income tax? When did it start and where did it come from? The income tax started back in 1913 when Congress imposed the first modern income tax after the passage of the 16th amendment to the US Constitution which the amendment is referred to as the income tax amendment. The Constitution grants Congress two types of powers of taxation. One is the power of direct taxation always requiring the rule of apportionment and the second power is indirect taxation always requiring the rule of geographical uniformity.
Since Congress never had the authority to impose the income tax on the average guy living and working in any one of the 50 states of the Union and the 16th amendment did not Grant any new taxing powers to Congress according to the United States supreme Court in 1916, the question then becomes who did Congress legally impose the income tax on according to the actual statutes and regulations we have today under title 26 USC?
The answer is plain and the answer is simple. Congress did impose an income tax on non-resident aliens and foreign corporations deriving US domestic source income and US citizens residing abroad with foreign earned income. A US person in US tax law is not someone who just earns money or makes money from an investment a US person is explicitly someone who has control, receipt, custody, disposal or payment of any item of income belonging to a foreign person that is subject to withholding.
I challenge anyone here to show where the law actually makes the average guy or should I say the average citizen of one of the several States liable for an income tax upon their own money.
Yet we will continue to talk about Congress raising taxes on income without ever discussing who it is that Congress has actually imposed the tax on. I swear citizens of this country when it comes to the income tax are their own worst enemy, not caring what the truth of the tax actually is but following the mythological dogma of the so-called experts. Congratulations for winning the dumbest idiot Darwin award and being ignorant against your own best interests.
Anyone interested should read a book entitled income tax shattering the myths by Dave champion it is the go-to resource on the topic.
There's a lot more to say about this except this is too long of a topic to discuss in one YouTube comment. Any questions ask I will respond to anyone who does
It wont happen it would literally be suicidal for the US to do this and many investors would just leave the Us
Vote this Nov. Need to get these people out of the capitol, and states.
Oh! Yeah. That is totally okay. I just want to be able to pay the bills. Millionaire problems ain't really problems.
proof the morons who took oaths were too stupid to know who the real enemy is.
48% seems fair to me 🙂
well it looks like everyone is going to be opening a Mexican bank account very soon and a small property to skip taxes . such a short sided move everyone is just going to jump ship . fuck compliance when the machine is out to get you .
In germany all crypto incomes are taxed at income tax rates.
I can't wait to get my iTrust account open. Still gotta save up the 1K.
72t use can avoid penalties for IRA withdrawal before 59.5 age for traditional ira, roth perhaps as well.
liberalism = 87,000 IRS agents incoming = arbitrary audits
Is ETH staking allowed in iTrust Capital?
Over 1 million
Will never happen.
TAX foundation exaggerating the numbers to cause fear out of the bat
Fkin thieves.
FJB…
Some itrust capital tokens will be going to zero when regulation is passed
Biden needs to go
Let's go Brandon
Biden is only doing one term and if we make it to another prez election, I doubt democrats have a chance.
Rob when Binden Family pay there taxes 👏🤬💩
how not to win elections
Time to dump all dumbocrats and their tax &spend policies come midterms.
Fuk biden and the people who vote to tax more of what we have when they cant manage what we already give them!
Impressed how many R’s making over $1M per year and debating leaving the country in this chat. Guess those colors do bleed when you tax the wealthy. 🤡 🤦♂️ Good riddance 👋
I trust capital 🎉 🙌 the best 🇺🇸🤜😎
It’ll never pass