Quote:
Originally Posted by greglepore
Its not being discussed because it won't affect most people. The max capital gains rate going up, maybe. The basis step up is a hole that should have been closed long ago (and I say that as someone who benefited from it). Not many estates over 5 million (really 10 if you're married and split your assets appropriately).
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You need to read this thing a lot closer. It is a mass redistribution of wealth from the producers to the non-producers. And, if you are of any color other than cracker, you will be a major recipient. It is loaded to the gills with social justice funding. Biggest theft, giveaway in history.
Yes, I will be impacted. My rate goes back to 39%. I sold a company bout 6 years ago, got so fed up of working my ass off 60-70 hrs. a week, paying 400k+ in income tax on top of paying tax on retained earnings my business needed along with all the BS of taking care of customers and employees.