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Fair enough… basically it’s saying that Trump wins more often in the simulations, but when he does win it’s closer on average than when Harris wins.
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You're right, the fear-mongering from that trickle-down effect is real, but that wasn't the only proposed tax hike. The 44.6% rate, which is higher than Biden's proposed 39%, could impact her if she's an investor with over a million dollars—unless they mean that it only applies to those earning a million annually.A friend messaged me asking if I agreed with the VP's tax proposal. I said 'yes'. They then responded with 'aren't you scared that would eventually trickle down to us?'
First of all, what has ever economically 'trickled-down' to us for our benefit? Nothing.
Second, you're a licensed doctor that makes great money, so I see your concern lol. BUT, you aint making more than $100Million. So relax.
You're right, the fear-mongering from that trickle-down effect is real, but that wasn't the only proposed tax hike. The 44.6% rate, which is higher than Biden's proposed 39%, could impact her if she's an investor with over a million dollars—unless they mean that it only applies to those earning a million annually.
What I dislike is the confusion around this. He used an example of a doctor who, although she may not have $100 million, could have capital gains of $1 million, which would be subject to the proposed 44.6% tax. If I misunderstood the proposal, it would help to clarify it.44.6% on income earned over a million? Hmm tell me more on how many people that impacts.
As a person who works in tax and is a CPA it always amazes me how people don’t understand tax brackets. I explained it to my stepdad once and he didn’t believe me until I showed it to him on their previous tax return. It’s pretty basic on the high well which shouldn’t be hard to understand
Money Mace is a.
Ain’t he also friends withCharlamagne The God’s homegirl.
Charlamagne The God’s homegirl.
What I dislike is the confusion around this. He used an example of a doctor who, although she may not have $100 million, could have capital gains of $1 million, which would be subject to the proposed 44.6% tax. If I misunderstood the proposal, it would help to clarify it.
Maybe I mixed up Biden’s 39% with Harris’s proposed 44.6% on capital gains, but I was specifically referring to Harris's proposal. Since you're a CPA, can you clarify exactly what her proposal on capital gains entails?
Was wondering why in the hell The Native Land pod had him at the DNC.Charlamagne The God’s homegirl.
What I dislike is the confusion around this. He used an example of a doctor who, although she may not have $100 million, could have capital gains of $1 million, which would be subject to the proposed 44.6% tax. If I misunderstood the proposal, it would help to clarify it.
Maybe I mixed up Biden’s 39% with Harris’s proposed 44.6% on capital gains, but I was specifically referring to Harris's proposal. Since you're a CPA, can you clarify exactly what her proposal on capital gains entails?