For buyers, more inventory and price cuts mean more options and potentially better deals. If you’ve been waiting for a less competitive market, this could be a good opportunity to find a home without getting into a bidding war.
That’s true. More inventory means more negotiating power for buyers. You can take your time and not feel pressured to jump on the first available property. And price cuts could lead to more affordability in some markets, especially where prices were overheated
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jessica Lee Horst for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
The vice president lacks the exposure to tackle the economic situation of this country. Trump is more open minded to trying out new things. At this point I don't know who will win. Am I better off re-investing into Gold as it seems stocks are a little too unstable right now?
Considering diversification is excellent. Now might be a good time to consult a fiduciary advisor for expert advice and seize opportunities in this volatile market.
I agree. There's a lot of potential in the market. My friend introduced me to a fiduciary advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
Marissa Lynn Babula is the licensed advisor I use and I’m just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
@@nikwyland970So what you’re saying is vote to keep the poor and middle class from ever being able to purchase a home because you’re too busy worrying about being woke. There fixed it.
Well then I hope you do your research. She will be hiking up taxes for CEOs like this guy therefore lowering the suffering of the middle class. This dude wants to convince you she's the problem instead of him so you'll vote for his candidate who ensures we will lose our rights.
Private credit involves loans to private companies, often offering higher returns and diversification. Due to its complexity and risks, a financial adviser can help with due diligence, access, and risk management, ensuring investments fit your strategy and comply with regulations.
In the realm of private credit, diversification and a deep grasp of market dynamics are essential, particularly in volatile times. Balancing potential opportunities with prudent risk assessment can guide investors effectively through the complexities of private credit investments.
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.,
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
EVERY PRESIDENT HAS THEIR OWN IDEAS ON HOW TO DO THINGS UNTIL THE MEN WITH THE DARK SUITS ARRIVE AND TELL HIM HOW THINGS ARE REALLY DONE - Vladimir Putin
@@uknasa007 trumps tax cuts gives you $ back in your pay ck & and it was across the board where corporations were able to hire and give bonuses! They are letting Trump’s tax cuts expire Jan 2025! Once that happens, you’re paying more out of your paycheck with taxes and corporations will fire or layoff! Because his tax cut was across the board! She’s a communist ! And she’s finishing Joe Biden’s job! Elections have consequences! People voted for Biden and listen to him when other people were telling you don’t do it don’t do it, but they did it and now everybody’s living paycheck to paycheck! And with this one in Office Harris you’re gonna be living less money in your paycheck! Vote for your finances!!! And that would be Trump! And if they don’t, then they deserve to foreclosed on their homes ! Period You’ll be making less money under her! & that’s a fact !
@@skinfan81 Not me...I'm not the one who drank the kool aid. I do research and I know what I'm talking about. I listen to qualified lawyers and others, so if you guys want to vote for a Hitler wanna be go for it. I mean look at the guy as he rumbles and recently admitted to losing the election. So who's drinking that kool aid...anyone who will vote for him. He's a proven loser...just ask all the people who he owes money to working on his various failed projects.
Better than Trump on the economy for sure. Better GDP and DOW after 4yrs w covid than ANY time under Trump... and did it on 1/2 of Trumps debt. Search; *Commitee for a Responsible Federal Budget Trump Biden* if you need to see details on that.
We are sliding into communism. Ronald Reagan said in one of his famous speeches. Communism will come as liberalism. Say no to the bs no more . Vote Trump 2024
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382 So what? First it's the $100 million club, then its everyone else. If you think Uncle Samantha stealing more money is good, then you aren't paying attention.
Social Security already isn’t what it was 30-years ago but, if they take Real Estate they will take what most people have as savings! The equity in their home! Don’t let them take the Retirement savings from most of America Trump won’t do this! Vote for Trump!
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382 Thats what I've heard of. I have no problem with that. The rich are getting richer and the middle class is disappearing. Median wages are stagnant even though worker productivity exploded.
@@gregorymalchuk272 You can’t sit back with a job and expect to get Rich! You need to Save and Invest (aggressively too!) Buy Houses / Commercial Properties! Simply a Job isn’t going to get you Rich! What else are you doing???
@@alexmendoxa5010compa usted no deberia de estar en este pais, si lo que le desea es el mal a este pais. Recuerde, no todo se trata de inmigrantes cuando se elige un politico.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382I make a little under 100K a year and everytime a democRat gets elected my taxes go up. Get out of here with your “It’s only for the rich” bullshit
@@darkskinamerican7826well it is. They may have went up bc trumps tax cuts for the “middle class” were temporary and he had the rich tax cuts go onto 2925
Unfortunately we are in a serious mental health crisis in this country (usa) so they’re many people walking around so woke and open minded that their brains 🧠 fell out !
All the profit from holding a rental property are being sucked away. Without cash flow, you'll be eager to get rid of the property now, while the prices are still relatively high.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run. Unrealistic capital tax gain is insane !!!!
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
When the value of you house goes up that's an unrealized gain if you're not selling. You'll pay taxes on that and it's not just for those at the $100 million mark, it's everybody. You house gains $100,000 in value you will have to pay $25,000 in taxes every year. That's the 25% unrealized capital gain tax.
@@lincolnquinn8685do you know how all those billionaires would have to pay those taxes? They would have to sell assets, they would have to realize gains they’ll have to pay more taxes on the following year. If they Sell stock to pay those taxes, the market will crash and crush everyone. 401ks, retirement funds, personal investment portfolios would get destroyed. Such a massive sell off in stocks would be the exact same scenario that lead to the Great Depression.
By going after guys like Stephen Schwarzman and Grant Cardone? Well in that case she's got my vote. Grant Cardone is such a fraud, only sheeples would believe the scams he spits out.
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
This is by FAR the most important election of my life. Please people, PLEASE don't let your hate for Trump let you vote for the downfall of this country! It's gonna hurt you and your children way more than it will hurt trump to lose! Please vote for Trump and let's try to fix this broken system. 🙏
@SenorJuan2023 As a service member you should know how important our constitution is. Kamala has promised to take away our guns. I'm an Army Infantry veteran. What I learned from Afghanistan is that we'd never win because everybody had guns. An enemy who is well armed and without uniform cannot be conquered without committing a massive war crime. The 2nd Amendment is our strongest defense. Thank you for your service but I beg you to reconsider your vote. Please!
@@shawn544 The GOP has been using that "They're going to take your guns away" nonsense for decades. Even if they wanted to, there are way too many guns already out there already. Not even remotely possible.
@SenorJuan2023 Brother.... you're playing checkers while they are playing chess. The real enemy is sneaky. If you can't see through the bs then idk what to tell you. A president takes an oath also to protect and serve the constitution. How can you vote for someone who is promising to break the constitutional laws? I'm voting for my children and their future. I want them to be safe and to be able to afford a life worth living.
Incorrect!! This isn’t what is being proposed! What is being proposed applies to Grant and his friends that are worth more than $100 million. I think the number I saw was a net worth above $100,000,000 and don’t already pay at or above 25% rate on their income. So Grant and his team are protecting their own wealth and claiming they are looking out for our best interests!! This doesn’t apply to most of us and hasn’t passed and it won’t pass!
False, although it's targeted for the ultra wealthy people it also affects the middel class because of these reasons: Many middle-class individuals invest in stocks, bonds, or mutual funds through retirement accounts like 401(k)s and IRAs. If capital gains taxes were increased, even though these accounts have tax-deferred benefits, the overall value of the investments could be negatively impacted. This could potentially reduce the retirement savings of middle-class families. Higher capital gains taxes might discourage investment in the stock market, real estate, or small businesses. Middle-class families often rely on investment growth to build wealth over time. If fewer people are willing to invest because of higher taxes, the overall growth of these investments could slow, making it harder for middle-class families to achieve financial goals. For many middle-class families, their home is their largest investment. An increase in capital gains tax on the sale of property could reduce the incentive to sell a home, leading to lower mobility in the housing market and possibly stagnating home values. This could make it harder for families to upgrade, downsize, or relocate based on life changes or job opportunities. If the capital gains tax increases lead to reduced investment across the economy, this could result in slower economic growth overall. Slower growth can lead to fewer job opportunities, lower wage growth, and reduced economic dynamism, all of which can disproportionately affect the middle class. Capital gains taxes are often criticized for not being indexed to inflation. This means that over time, as inflation erodes the value of money, people may be taxed on nominal gains that are not actual real increases in wealth. Middle-class investors, who might not have the resources to engage in sophisticated tax planning, could end up paying taxes on inflationary gains, reducing their real income.
@@cgvico You're oversimplifying the plan and its impact. As Grant admitted there are ways those this applies to can avoid paying the tax. The tax also doesn’t apply is person impacted is paying at least 25% on their income!! Anyone with a halfway decent accountant would artificially surpass taxable income and sidestep the tax implications assuming those would be larger!!
@@connywolfram8305you’re think of unrealized capital gains. That affects ultra wealth. Capital gains applies to all homeowners. She’s talking about increase of capital gains from 28% to 44.6%. This included any $$ you make on the sale of your home. I’m still researching but this is what I just read
I was thinking about buying a house but after this I don't think so I will just buy my apartment overseas there is none of this bologna no tax no mortgage no interest America is just evil American dream my ass it's not worth living here anymore
If you think this is the only thing that will be in that bill, than you've never actually read any bills of any kind. Biden was looking at similar tax hikes for those who make $400k+ not too long ago. They arent going to point the finger at high net worth individuals...why....because they would be pointing the finger at themselves. We would have a better chance at getting them to vote for term limits.
The entire economy runs on the back of whales and the ultra wealthy. The stock Market moves with whales worth 100 million or more, this would literal collapse financial stability,. The middle and lower class is depend on the stability of the ultra wealthy or mildly wealthy. A company or property can fluctuate up and down in price, this would literal force people to pay money on things that can go back down in value. This is insanity.
There is no policies on her page. That is her Handler stating that what is her actual policies when it comes to it. It is not for the rich the income tax was for the 1% and now it is for all of us and that was back in the 1990s. Think about it. And once the rich starts getting over text don't move all their money is overseas and it will crash his economy even worse. You think we'll have jobs here
@@WhatisReal11 Thats what people dont get whenever people like kamala pull these tax the rich stunts...they dont get that its the middle an dlow class that actually suffers.
The video focuses on trading mistakes no trader should make. You'll be empowered to bring your trading on the right track and learn which trading mistakes to avoid. Don't forget to comment below this video with your favorite advice because i believe we do learn everyday and in different places, so please lets share insights and ideas here.
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The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
Ms Addilyn Madris Ambrose was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Addilyn Madris.
This is literally false. You don’t pay capital gains when you sell the house you lived in for several years. This only affects high income investors who can afford it.
Think you need to listen again. Currently you don't get taxed on the first $250k fora married couple IF you turn around and reinvest into another property. Another possible *unrealized* gain could be the equity in your home. Those are *unrealized* gains. They want to tax that.
@@MsBeachLizard Biden's proposal will probably never go into effect. But if it did, it can only possibly affect those worth $100,000,000. Or one American for every 33,000 who are that wealthy.
It is not for those who make over a million dollars or even a hundred million dollars. Where is the policy at on her website? No it is going to kill the middle class it's going to be rich vs poor and. And most rich people are going to move their money overseas because there's going to be better economies for them to invest in instead of america. It will kill the middle class, business owners like myself. Please look at the income tax that was only for the 1% the rich and now we all pay it
They will be when the ultra wealthy have to sell assets to pay taxes most likely stocks, there in crashing the market and destroying 401ks, retirement funds, and cause companies to tank in value leading to layoffs and inflation. It would literally start another great depression
the “unrealised capital gains tax” applies for people owning over 100M USD, but the increase of the tax rate on realised capital gains applies to everyone.
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, etc.
Not true. Only billionaires will be affected by the unrealized capital gains tax. BUT everyone who makes over $1m including the money from capital gains will be taxed at 39.6%.
@@JBrown-dm1wt Billionaires will certainly out smart this type of taxation. Putting all their assets in trusts is one of them. However, most of them already do. The tax proposal will never happen. It's just a ploy to get the Democrat base stirred up over nothing. lol
Even if there is a threshold of $100M it still sets a dangerous precedent for taxing unrealised gains on capital assets. It opens the door in the future to start lowering the threshold since the tax will already be established
There’s no such thing as taxing the rich. They are the ones lobbying with the federal government. It’s a talking point. If ones fall for it they need to get themselves check out.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Storch.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Let me ask you this....what did Trump do his first term in office? And how successful was Trump in his business ventures? Bring facts now....unless you want to be governed by a guy who idolizes Hitler.
@@millielopez4249 not at all. Because in 4 years he can actually help restore our economy (like he did before) and he will get rid of a lot of the corrupt politicians and systems that are actively working to destroy our country.
@@benjaminlytle4856 Trump destroyed our economy. Four years ago he closed schools, shut down businesses, people lost their jobs, unemployment skyrocketed! That was hell! He pocketed millions in the taxes we paid! His son in law was given 2 billion for keeping his mouth shut about another country killing and dismembering a human being!
Your video is very insightful and truly I wish everyone to watch it. Please explain to me how so many Liberals are saying that this doesn’t apply because they say her new tax plan would only apply to those who make more than a million a year. Thank you 🙏🏻
Ty.. this is TRUE… and people need to KNOW THIS! People will listen to you! I know it’s such a risk to even step out and give this information. But this has to be Political so that this doesn’t ruin the citizens in the US.
Literally not true. She’s not proposing a tax on the middle class. She only wants to raise capital gains for the super rich. Also you get low cap gains tax when selling your primary residence if you’ve owned it for over a year. This is complete misinformation meant to “educate” poor people into helping the rich stay rich
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
Your concern is understandable, but this won’t impact many investors. This proposal only affects households with a net worth exceeding $100M, not typical investors.
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc. WE end up paying for it one way or another. It’ll start this way and eventually everyone will get taxed this way. We’ll scare anyone with that kind of money from investing in this country and our economy suffers.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
Of course it will destroy housing in America. If her tax goes through, you absolutely cannot afford for the value of your home to go up. If it does, you owe the government money whether you sell your house or not.
1. We dont pay capital gains on our primary residence. 2. we went from 50% to 66.% is the amount you have to pay capital gains on. EZ math if you bought a 2nd house for 500K and sold it 10 years later for 1 million thats 500K profit. We would have to pay tax on 66% of the 500K. Idk this hurts rich guys but I think its better for the middle class who dont typically own multiple properties. This would really hurt Grants real estate becuase hes not even paying down the massive loans he has. He is just hoping that the property values increase.
@@markmccrudden9642 why would you ever want an increase in tax or says it’s okay though? You know you can donate to the irs in America if you feel that you’re under taxed?
@@Beyond_bank_notes No I dont want to I just think Grant is full of shit saying home prices will increase and this will affect the middle class. I just wanted to clarify becuase people always seem to think us Canadians pay 66% on capital gains.. But we have to decalre 66% there is a big differnce.
No, it is NOT true. He is spreading MIS-information. Proposed tax is for people like HIM with HIGH networth of $100 MILLION plus. Not homeowners or investors - UNLESS ur networth is also $100 million or more...???!!!
You pay capital gains tax on investment property. Your primary residence can be sold tax-free after 2 years living in it up to 250k if you're single and up to 500k if you're married.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
It will destroy the billionaires tax breaks and growing margins. Nice play on the middle class, but coming from a billionaire this advice hold its weight in air. Continually fear mongering.
I want to start by saying I like grant cardone, but this message is factually incorrect for most middle class home owners who are selling their personal homes. First, the gain on the sell of a personal home is excluded from taxable income in the amounts of $250k for single filers and $500k for married filing jointly. Second, 1031 exclusions would still be allowed ( shielding gains by investing in new property). This will not impact middle class Americans selling their personal homes. This will impact investors but not the middle class.
1031 exchange is not so easy to pull off, the funds from the sale of the home need to be held in escrow, if the seller ever takes custody of funds then 1031 exchange is not an option. Most people dont know this and just sell their home thinking this is an option, at which point its ironically too late. You also have a 1 year timeline to make the transaction. I know from experience it's not so simple and wayyyyy harder to do than it should be - you typically need to hire an expert (ie. More expenses eating into your equity) to do it right. And I'm not rich, just a normal middle class american that doesn't want 30%+ tax on the sale of my home.
@@JasonP2 again there is significant disallowed gain for a non-investor selling their personal home IN ADDITION to a 1031 exchange. If the total gain is less than $250k filing single or $500k filing jointly, you wouldn’t pay taxes anyway. Not to mention, if the desire is to sale your home to buy a bigger one, proper planning makes a 1031 exchange fairly simple to execute.
@@xenos0121 1031 is just for an investment property. You can't 1031 a primary residence. Some older people in high-value areas bought their homes for $100-$300K and raised their families for 30 years. Their spouse died and now they want to downsize. The house has gone up 300-500K but as a single person now, they can only exclude 250K. With the increase of home prices over the last 10 years we need to raise the exclusion limits. This is really screwing the elderly and people that want to downsize their primary home.
If you value constitution than think like it’s gone Kamala against constitution she’s a corrupt communist that care less about regular working class!!!
This is not about Republican or Democrat.We have to save the United States of America.I'm voting to save America.I don't care what people think of Donald Trump.He's the only one that's gonna get us out of this mess so wake up
He said do you want to pay $200,000 in taxes. How? we are not getting taxed at $200,000. He now cares about people that own homes. He always said people are stupid to buy a single family and now he wants to protect you. The proposed law only affects people with 100 million in assets.
This argument is always so dumb, so what if it only affects the ones with 100 million plus? Why should ANYONE pay tax on unrealised gains? Its insanely greedy by the governmentm, they dont deserve that much. The rich already pays near 40% tax, that IS a fair share. the taxes are already being paid, why should anyone pay more than that? Pure greed by the government. The beginning of the socialist agenda
Not even that (u are partially correct).... people that have a NETworth of $100 Million plus (like Grant) would be affected if the proposal becomes law. Grant has posted this IN HIS OWN interest. Draw ur own conclusions.
@@connywolfram8305 the thing is like he said just put long term debt on everything and that net worth equity is gone. And loans aren't taxable. So this bill is pointless.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
You forgot to mention the first 500,000 on top of what you paid for married not taxable ? since you have a degree as you claim, are you missing that? I understand in the portfolio. You will have to pay taxes, but this has nothing to do with normal people. Also, why don’t you add that from profit in your sale cardone deals you take for 65% +2% to you personally?
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc. WE end up paying for it one way or another.
this comment will probably get lost, but what grant fails to mention is that the capitol gains tax will only effect people who have a net worth of over 100 million. i dont know anyone in the middle class who has that. grants net worth is 600 million so he's affected but my mom, brother, sister, neighbors and co workers wont see that tax. stop reading headlines and read the actual policy for yourself.
They did the same with income tax. It started by taxing the "rich", then slowly to everyone else. No American should ever be taxed that much. The government needs to reduce its spending.
@@justinjackson999 right reduce it’s spending on subsidizing gas so the prices go up at the pump, reduce spending on the roads and infrastructure that’s already falling apart. Reduce spending on FHA loans and for first time home buyers, reduce spending on our children’s education so they can go work for someone else and make them rich. And sure it did start with taxing the rich but who was responsible for making it trickle down, I’ll give you a hint…..
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc.
Awesome you educating the masses. Most vote against their own self interest, because of the hate they have for the other side. Sad the social conditioning that keeps people blind ! Thank you Grant 👊
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
You're completely wrong Grant. You've made millions and you're still trying to get an angle to increase your wealth that you don't need instead of trying to help working people that can't even afford to buy my parents home. $1 million is enough for 15 families to buy 15 affordable homes, 15-20 cars, 15 weekly grocery store purchases, and on and on. You blew $50 million on a private jet you didn't need, and bragged about how you took it as a deduction (if it wasn't necessary for your business, expect the IRS to rightfully audit you and every flight you took on that jet). You are the one that is a drag on our economy because you hoard wealth, blow it on non-productive things, and only look for ways to get more. Over 70% of economic output is from spending by the middle class, working class and poor people, not you. You and people in your income bracket could leave the US and working people would be better off. Your wealth has become your God and you don't realize it.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
If people actually read the fine print that the government always likes to out into their bills. The 25K down payment for first time home buyers is not for just anyone. There is a section in it that states, ( for first time generational home buyers ). That would tell me. It is specifically for the illegals that have been coming across the border. More of our money that is not mwnt to help actual Americans.
The point is she's trying to charge an unrealized gain tax. So holding on to the property isn't going to help you. It will just be so expensive you won't be able to hold the property anymore, you'll be forced to sell.
For buyers, more inventory and price cuts mean more options and potentially better deals. If you’ve been waiting for a less competitive market, this could be a good opportunity to find a home without getting into a bidding war.
That’s true. More inventory means more negotiating power for buyers. You can take your time and not feel pressured to jump on the first available property. And price cuts could lead to more affordability in some markets, especially where prices were overheated
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jessica Lee Horst for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Wanting to tax people on their retirement is crazy.
This tax is only for those worth $100 million
Dems want control
Kamala hell bent on destroying america
The vice president lacks the exposure to tackle the economic situation of this country. Trump is more open minded to trying out new things. At this point I don't know who will win. Am I better off re-investing into Gold as it seems stocks are a little too unstable right now?
Considering diversification is excellent. Now might be a good time to consult a fiduciary advisor for expert advice and seize opportunities in this volatile market.
I agree. There's a lot of potential in the market. My friend introduced me to a fiduciary advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this person whom you have used their services?
Marissa Lynn Babula is the licensed advisor I use and I’m just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
"Don't vote your politics. Vote your finances." - GC
AMERICAN PEOPLE STAND UP WITH PRESIDENT TRUMP AGAINST CORRUPTED DEMOCRATS COMMUNISTS
"Don't vote for humanity. Vote for greed" - Fixed it
@@nikwyland970So what you’re saying is vote to keep the poor and middle class from ever being able to purchase a home because you’re too busy worrying about being woke. There fixed it.
@@nikwyland970🙄🤪
Well then I hope you do your research. She will be hiking up taxes for CEOs like this guy therefore lowering the suffering of the middle class. This dude wants to convince you she's the problem instead of him so you'll vote for his candidate who ensures we will lose our rights.
Private credit involves loans to private companies, often offering higher returns and diversification. Due to its complexity and risks, a financial adviser can help with due diligence, access, and risk management, ensuring investments fit your strategy and comply with regulations.
In the realm of private credit, diversification and a deep grasp of market dynamics are essential, particularly in volatile times. Balancing potential opportunities with prudent risk assessment can guide investors effectively through the complexities of private credit investments.
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.,
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Nicole Anastasia Plumlee the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I AM VOTING FOR FREEDOM......NO TO MARXISM....T24
Kamala doesn't know anything about Finance!!
EVERY PRESIDENT HAS THEIR OWN IDEAS ON HOW TO DO THINGS UNTIL THE MEN WITH THE DARK SUITS ARRIVE AND TELL HIM HOW THINGS ARE REALLY DONE - Vladimir Putin
she doesn't need to know anything, she's got 25 million illegal voters ready to pour in along with a few millions fake votes, dems can't lose bro
Correct 👍🏿
@@uknasa007 trumps tax cuts gives you $ back in your pay ck & and it was across the board where corporations were able to hire and give bonuses! They are letting Trump’s tax cuts expire Jan 2025! Once that happens, you’re paying more out of your paycheck with taxes and corporations will fire or layoff! Because his tax cut was across the board!
She’s a communist ! And she’s finishing Joe Biden’s job! Elections have consequences! People voted for Biden and listen to him when other people were telling you don’t do it don’t do it, but they did it and now everybody’s living paycheck to paycheck! And with this one in Office Harris you’re gonna be living less money in your paycheck! Vote for your finances!!! And that would be Trump! And if they don’t, then they deserve to foreclosed on their homes ! Period You’ll be making less money under her! & that’s a fact !
Her Economic advisor Black Rock Executive Mike Pyle does
She is horrible for this country as she already has been.
Shes not a brown woman shes Chinese or something
Now that's funny,
Did the Kool aid at least taste good when you drank it?
@@skinfan81 Not me...I'm not the one who drank the kool aid. I do research and I know what I'm talking about. I listen to qualified lawyers and others, so if you guys want to vote for a Hitler wanna be go for it. I mean look at the guy as he rumbles and recently admitted to losing the election. So who's drinking that kool aid...anyone who will vote for him. He's a proven loser...just ask all the people who he owes money to working on his various failed projects.
Better than Trump on the economy for sure.
Better GDP and DOW after 4yrs w covid than ANY time under Trump... and did it on 1/2 of Trumps debt.
Search; *Commitee for a Responsible Federal Budget Trump Biden*
if you need to see details on that.
Yeah he’s right. We have major housing problems now in Canada. Don’t let it happen US!
I’m voting against that nonsense! Fight! Fight! Fight!
This tax is only for those worth $100 million
We are sliding into communism. Ronald Reagan said in one of his famous speeches. Communism will come as liberalism. Say no to the bs no more . Vote Trump 2024
We are well north of 20 million illegals.
Ain't over we gonna have 700 million more
This is happening in other countries as well, and in some countries they outnumber the citizens. Now, what do you think that means for that country.
51 million as of yesterday
Imagine how much it will add up to if we pay them to break the law for 4 more years. Just rough math here, close to half a trillion.
Hit 600million yesterday
Sad they care about the immigrants more than us.
Nobody is going to save you
That is bs.
I’m gonna make them pay
@@UnknwnPerson_ I’m gonna make them pay for that
@@AM-nx2vm so make them pay for it
Had a front row seat to Soviet collapse, once the state starts looting with 3 hands, the citizens start doing the same
America can still have choices if they find their government is not good so it is not comparable to the USSR.
@on9francisyu Some might exercise that choice, most won't.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382 So what? First it's the $100 million club, then its everyone else. If you think Uncle Samantha stealing more money is good, then you aren't paying attention.
And Trump's family has way more than 3 hands! Vote blue! Unless makeup wearing men weak men appeal to you.
Good word grant! Vote vote vote your finances. Not your political party. Everyone needs to hear this message.
Social Security already isn’t what it was 30-years ago but, if they take Real Estate they will take what most people have as savings! The equity in their home!
Don’t let them take the Retirement savings from most of America Trump won’t do this!
Vote for Trump!
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382 Thats what I've heard of. I have no problem with that. The rich are getting richer and the middle class is disappearing. Median wages are stagnant even though worker productivity exploded.
@@gregorymalchuk272 You can’t sit back with a job and expect to get Rich!
You need to Save and Invest (aggressively too!)
Buy Houses / Commercial Properties!
Simply a Job isn’t going to get you Rich!
What else are you doing???
@@pb2382 I’m not even close to that but, like the AMT most weren’t when it started either!
Mexicans for Trump!!! 🇺🇸✊🏽🇲🇽
no hables por todos
Hell yes 👏🏼
@@alexmendoxa5010compa usted no deberia de estar en este pais, si lo que le desea es el mal a este pais. Recuerde, no todo se trata de inmigrantes cuando se elige un politico.
Absolutely
Kamala 2024 🇺🇸 amigos @@josuelopez9991
Latinos for Trump #2024 , Trump all the way for sure
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
I saw that to they forgot that oart lol😅@@pb2382
I hope you are a rich white man
@@pb2382I make a little under 100K a year and everytime a democRat gets elected my taxes go up. Get out of here with your “It’s only for the rich” bullshit
@@darkskinamerican7826well it is. They may have went up bc trumps tax cuts for the “middle class” were temporary and he had the rich tax cuts go onto 2925
I don’t think anybody in their right mind is going to vote for Kamala.
The lost minded will. Identify politics only care about their feelings, which doesn't matter at all. We're doomed!😢
The thing is 90 % of Americans are not in right mind !
Voting for a weak POS like Trump is not an option
Unfortunately we are in a serious mental health crisis in this country (usa) so they’re many people walking around so woke and open minded that their brains 🧠 fell out !
I once said the same about Biden. Then I realized there’s quite many idiots out there that’s part of the problem.
It will destroy every farm every family owned business every middle class family.
This doesn't apply to the middle class. This applies to those who make $100 million or more
@@ripnlip33 I hope you don’t believe that. It may start that way but won’t end up that way.
@@timelbrecht9562 I believe in facts, not speculation. Unlike you, I'm just stating facts, not speculation
@@ripnlip33 It will trickle down to the middle class, always does.
@@ripnlip33please show me these “facts” cause if you’re speaking to a speech or a headline those are not facts
I'm voting for the only logical choice which is Donal Trump.
Or as millions call him "Maxipad Don"
The best Real Estate youTube video for American.
Tax and insurance rate increases seem to be pushing investment homes back onto the market.
All the profit from holding a rental property are being sucked away. Without cash flow, you'll be eager to get rid of the property now, while the prices are still relatively high.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
Unrealistic capital tax gain is insane !!!!
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
It's called the greatest transfer of wealth in American history
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
Yes! Form the weak and gullible, to Trump's pocket
It’s called communism
Into Blackrocks holding?
Thank you for having the courage to talk about this on your platform!
You forgot to mention the TAX on unrealized capital gains!!!!
Which is only for those worth $100 million
When the value of you house goes up that's an unrealized gain if you're not selling. You'll pay taxes on that and it's not just for those at the $100 million mark, it's everybody.
You house gains $100,000 in value you will have to pay $25,000 in taxes every year. That's the 25% unrealized capital gain tax.
@@aholmes6612 the proposed tax is only for those with $100 million net worth.
@@lincolnquinn8685do you know how all those billionaires would have to pay those taxes? They would have to sell assets, they would have to realize gains they’ll have to pay more taxes on the following year. If they Sell stock to pay those taxes, the market will crash and crush everyone. 401ks, retirement funds, personal investment portfolios would get destroyed. Such a massive sell off in stocks would be the exact same scenario that lead to the Great Depression.
@@lincolnquinn8685to start.
The middle class can't afford four more years this!!
Yes! Trump for prison in 2025!
100% Kamala would absolutely decimate the lower class and middle class.
That's the democratic goal
It's sad but it's gonna happen
AMERICAN PEOPLE STAND UP WITH PRESIDENT TRUMP AGAINST CORRUPTED DEMOCRATS COMMUNISTS
Ke-mala incompetent ultra marxist. Ke-mala Biden walz 😬
By going after guys like Stephen Schwarzman and Grant Cardone? Well in that case she's got my vote. Grant Cardone is such a fraud, only sheeples would believe the scams he spits out.
AND THANKS TO KAMALA WE HAVE 15 20 MILLION OF MOCHERS TO TAKE CARE OF NOW! THE MIDDLE CLASS IS SUFFERING AND SHE COULD CARE LESS!
Those changing the rules are the ones benefiting from it. They're using lawfare against the middle class.
Not voting “for Trump” but “Against Kamala” and this craziness.
I.e. voting Trump then.
Grant is spreading MIS-information. Proposed tax is for people like HIM with HIGH networth of $100 MILLION plus.
I understand how you feel.
Trump is a lying Traitor. Says a lot about you.
Not voting is an option.
Yes I hate Kamla so I am supporting Trump
easy to do a google check upon this matter.. $100 million is lower limit & so its why I call BS
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
This is by FAR the most important election of my life. Please people, PLEASE don't let your hate for Trump let you vote for the downfall of this country! It's gonna hurt you and your children way more than it will hurt trump to lose! Please vote for Trump and let's try to fix this broken system. 🙏
My military oath prohibits me from voting for "domestic enemy"/traitor Trump.
@SenorJuan2023 As a service member you should know how important our constitution is. Kamala has promised to take away our guns. I'm an Army Infantry veteran. What I learned from Afghanistan is that we'd never win because everybody had guns. An enemy who is well armed and without uniform cannot be conquered without committing a massive war crime. The 2nd Amendment is our strongest defense. Thank you for your service but I beg you to reconsider your vote. Please!
@@shawn544 What part of my military oath comment did you not understand?
@@shawn544 The GOP has been using that "They're going to take your guns away" nonsense for decades. Even if they wanted to, there are way too many guns already out there already. Not even remotely possible.
@SenorJuan2023 Brother.... you're playing checkers while they are playing chess. The real enemy is sneaky. If you can't see through the bs then idk what to tell you. A president takes an oath also to protect and serve the constitution. How can you vote for someone who is promising to break the constitutional laws? I'm voting for my children and their future. I want them to be safe and to be able to afford a life worth living.
Exactly, "Don't vote politics, vote your finances."
Already happened in Canada brother!✌🏻✊🏻🇺🇸🇨🇦
Incorrect!! This isn’t what is being proposed! What is being proposed applies to Grant and his friends that are worth more than $100 million. I think the number I saw was a net worth above $100,000,000 and don’t already pay at or above 25% rate on their income. So Grant and his team are protecting their own wealth and claiming they are looking out for our best interests!! This doesn’t apply to most of us and hasn’t passed and it won’t pass!
False, although it's targeted for the ultra wealthy people it also affects the middel class because of these reasons:
Many middle-class individuals invest in stocks, bonds, or mutual funds through retirement accounts like 401(k)s and IRAs. If capital gains taxes were increased, even though these accounts have tax-deferred benefits, the overall value of the investments could be negatively impacted. This could potentially reduce the retirement savings of middle-class families.
Higher capital gains taxes might discourage investment in the stock market, real estate, or small businesses. Middle-class families often rely on investment growth to build wealth over time. If fewer people are willing to invest because of higher taxes, the overall growth of these investments could slow, making it harder for middle-class families to achieve financial goals.
For many middle-class families, their home is their largest investment. An increase in capital gains tax on the sale of property could reduce the incentive to sell a home, leading to lower mobility in the housing market and possibly stagnating home values. This could make it harder for families to upgrade, downsize, or relocate based on life changes or job opportunities.
If the capital gains tax increases lead to reduced investment across the economy, this could result in slower economic growth overall. Slower growth can lead to fewer job opportunities, lower wage growth, and reduced economic dynamism, all of which can disproportionately affect the middle class.
Capital gains taxes are often criticized for not being indexed to inflation. This means that over time, as inflation erodes the value of money, people may be taxed on nominal gains that are not actual real increases in wealth. Middle-class investors, who might not have the resources to engage in sophisticated tax planning, could end up paying taxes on inflationary gains, reducing their real income.
@@ThijsVermeer-v6y What part of "high-networth individuals" worth $100 Million plus did u not understand??? 🤦♂️ Stop misleading people FFS. 😡
Argentina started like this, Venezuela started like this, taxing the "super-rich". Countries that were rich, and today we know how they are.
@@cgvico You're oversimplifying the plan and its impact. As Grant admitted there are ways those this applies to can avoid paying the tax. The tax also doesn’t apply is person impacted is paying at least 25% on their income!! Anyone with a halfway decent accountant would artificially surpass taxable income and sidestep the tax implications assuming those would be larger!!
@@connywolfram8305you’re think of unrealized capital gains. That affects ultra wealth. Capital gains applies to all homeowners. She’s talking about increase of capital gains from 28% to 44.6%. This included any $$ you make on the sale of your home. I’m still researching but this is what I just read
I was thinking about buying a house but after this I don't think so I will just buy my apartment overseas there is none of this bologna no tax no mortgage no interest America is just evil American dream my ass it's not worth living here anymore
Are you worth $100,000,000?
The unrealized capital gains tax is for people with a net worth of over $100,000,000. That is not the middle class.
Thank you for clarifying on this platform
If you think this is the only thing that will be in that bill, than you've never actually read any bills of any kind. Biden was looking at similar tax hikes for those who make $400k+ not too long ago. They arent going to point the finger at high net worth individuals...why....because they would be pointing the finger at themselves. We would have a better chance at getting them to vote for term limits.
This video isn’t about “unrealized gains”. It’s about the rise of capital gains tax.
@@shayneswenson It mentions the unrealized capital gains tax. That’s what I was correcting.
From what I read, it said on people with net worth of 100 million. How many people in the U.S. actually make that much money
They will lower that number when they need more money
The entire economy runs on the back of whales and the ultra wealthy. The stock Market moves with whales worth 100 million or more, this would literal collapse financial stability,. The middle and lower class is depend on the stability of the ultra wealthy or mildly wealthy. A company or property can fluctuate up and down in price, this would literal force people to pay money on things that can go back down in value. This is insanity.
There is no policies on her page. That is her Handler stating that what is her actual policies when it comes to it. It is not for the rich the income tax was for the 1% and now it is for all of us and that was back in the 1990s. Think about it. And once the rich starts getting over text don't move all their money is overseas and it will crash his economy even worse. You think we'll have jobs here
Give someone an inch, and they'll take a mile.
Before you know it, millennials' 401ks are getting taxed when they're ready to retire.
@@WhatisReal11 Thats what people dont get whenever people like kamala pull these tax the rich stunts...they dont get that its the middle an dlow class that actually suffers.
The video focuses on trading mistakes no trader should make. You'll be empowered to bring your trading on the right track and learn which trading mistakes to avoid. Don't forget to comment below this video with your favorite advice because i believe we do learn everyday and in different places, so please lets share insights and ideas here.
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making MONEY?
ADDILYN MADRIS AMBROSE understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Wow. I'm a bit perplexed seeing Addilyn Madris Ambrose name been mentioned here also. Didn't know she has been good to so many people.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
Ms Addilyn Madris Ambrose was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Addilyn Madris.
I said that long ago this party will destroy the middle class.
This is literally false. You don’t pay capital gains when you sell the house you lived in for several years. This only affects high income investors who can afford it.
Think you need to listen again. Currently you don't get taxed on the first $250k fora married couple IF you turn around and reinvest into another property. Another possible *unrealized* gain could be the equity in your home. Those are *unrealized* gains. They want to tax that.
See Tax Code section 121 for the actual rule
@@MsBeachLizard Biden's proposal will probably never go into effect. But if it did, it can only possibly affect those worth $100,000,000. Or one American for every 33,000 who are that wealthy.
@@manning8 Even if Congress passes Biden's proposal, the tax payer must be worth $100,000,000
Its so they can fund 25000 for the migrant first home buyers
Its only for the top tax bracket, and assets over 100M and must be 80% liquid. Normal people are affected
It is not for those who make over a million dollars or even a hundred million dollars. Where is the policy at on her website? No it is going to kill the middle class it's going to be rich vs poor and. And most rich people are going to move their money overseas because there's going to be better economies for them to invest in instead of america. It will kill the middle class, business owners like myself. Please look at the income tax that was only for the 1% the rich and now we all pay it
They will be when the ultra wealthy have to sell assets to pay taxes most likely stocks, there in crashing the market and destroying 401ks, retirement funds, and cause companies to tank in value leading to layoffs and inflation. It would literally start another great depression
the “unrealised capital gains tax” applies for people owning over 100M USD, but the increase of the tax rate on realised capital gains applies to everyone.
@@katherinejaneway8552thank you. I was looking for clarification here. Appreciate you
And tax on unrealized tax gains! 🤬
25% if you worth over $100 million. That’s what they are leaving out!!! But we will see what happens
45% on realized capital gains for everybody (it's 20% max today), 25% on unrealized gains for ppl over $100mn
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, etc.
Correct. Billionaires like Cordone will be affected. Not the middle class. Context is everything.
Not true. Only billionaires will be affected by the unrealized capital gains tax. BUT everyone who makes over $1m including the money from capital gains will be taxed at 39.6%.
@@JBrown-dm1wt Billionaires will certainly out smart this type of taxation. Putting all their assets in trusts is one of them. However, most of them already do. The tax proposal will never happen. It's just a ploy to get the Democrat base stirred up over nothing. lol
That’s NOT TRUE ITS FOR PEOPLE THAT RECEIVE OVER 100M in capital gains . It doesn’t affect us working people .
Even if there is a threshold of $100M it still sets a dangerous precedent for taxing unrealised gains on capital assets. It opens the door in the future to start lowering the threshold since the tax will already be established
There’s no such thing as taxing the rich. They are the ones lobbying with the federal government. It’s a talking point. If ones fall for it they need to get themselves check out.
They want to tax it even if you keep it. Unrealized capital gains not realized.
Blackrock is rubbing their hands together
And Maxipad Don & Hillbilly Eyeliner are sharing makeup tips
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Storch.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Katherine Storch too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
❤ If the house burns down.... The federal government can't tax it
TRUMP 2024...there is no other choice. Otherwise goodbye America!
So when Trump is gone...Then goodbye America...Really...Bye Trump!
Let me ask you this....what did Trump do his first term in office? And how successful was Trump in his business ventures? Bring facts now....unless you want to be governed by a guy who idolizes Hitler.
@@millielopez4249 not at all. Because in 4 years he can actually help restore our economy (like he did before) and he will get rid of a lot of the corrupt politicians and systems that are actively working to destroy our country.
@@benjaminlytle4856pray hard..that God will keep him safe.
@@benjaminlytle4856 Trump destroyed our economy. Four years ago he closed schools, shut down businesses, people lost their jobs, unemployment skyrocketed! That was hell! He pocketed millions in the taxes we paid! His son in law was given 2 billion for keeping his mouth shut about another country killing and dismembering a human being!
Your video is very insightful and truly I wish everyone to watch it. Please explain to me how so many Liberals are saying that this doesn’t apply because they say her new tax plan would only apply to those who make more than a million a year. Thank you 🙏🏻
Ty.. this is TRUE… and people need to KNOW THIS! People will listen to you! I know it’s such a risk to even step out and give this information. But this has to be Political so that this doesn’t ruin the citizens in the US.
@314thethirdeye.... Grant is spreading MIS-information here. Proposed tax is for people like HIM with HIGH networth of $100 MILLION plus.
Literally not true. She’s not proposing a tax on the middle class. She only wants to raise capital gains for the super rich. Also you get low cap gains tax when selling your primary residence if you’ve owned it for over a year. This is complete misinformation meant to “educate” poor people into helping the rich stay rich
@@connywolfram8305 sure and ya right it would affect all income levels in one way or, ten+ ways huh
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It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@connywolfram8305 T R U M P 2 0 2 4
Your concern is understandable, but this won’t impact many investors. This proposal only affects households with a net worth exceeding $100M, not typical investors.
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc. WE end up paying for it one way or another. It’ll start this way and eventually everyone will get taxed this way. We’ll scare anyone with that kind of money from investing in this country and our economy suffers.
Tell the truth .. middle class Is not the people in the $100,000,000 wealth...it does not apply to someone selling a 440,000 dollar house...
first solid reply, this lying is spreading fast. My friend just called me stressing out about it...
Who does the middle class consist of? Most dual income households here in the midwest have a 3 to 400,000 home.
until they decide they need more. It is just wrong even if it doesn't directly affect you. the last person an alligators still got eaten eventually
Don't care she's a commie
This tax is only for those worth $100 million dollars. Thats not middle class
Absolutely HORRIBLE!!!!
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
Good for you speaking out like this 👏👏🇺🇸 you gained that much more respect in my book
Trump 2024 ❤❤❤❤
Of course it will destroy housing in America. If her tax goes through, you absolutely cannot afford for the value of your home to go up. If it does, you owe the government money whether you sell your house or not.
Canada is much worst with 66.7% capital gains tax 😭
1. We dont pay capital gains on our primary residence.
2. we went from 50% to 66.% is the amount you have to pay capital gains on.
EZ math if you bought a 2nd house for 500K and sold it 10 years later for 1 million thats 500K profit.
We would have to pay tax on 66% of the 500K.
Idk this hurts rich guys but I think its better for the middle class who dont typically own multiple properties.
This would really hurt Grants real estate becuase hes not even paying down the massive loans he has. He is just hoping that the property values increase.
Thats why Americans are not moving there !
@@markmccrudden9642 why would you ever want an increase in tax or says it’s okay though? You know you can donate to the irs in America if you feel that you’re under taxed?
@@Beyond_bank_notes No I dont want to I just think Grant is full of shit saying home prices will increase and this will affect the middle class. I just wanted to clarify becuase people always seem to think us Canadians pay 66% on capital gains.. But we have to decalre 66% there is a big differnce.
Democrats need to spend the trillions they stole from the tax payer..
You guys are lucky. In Korea, the government charges taxes based upon your house prices at present even if it wasn't sold .
Truth. Complete truth. People need to stop looking at personalities, and start looking at policies.
No, it is NOT true. He is spreading MIS-information. Proposed tax is for people like HIM with HIGH networth of $100 MILLION plus. Not homeowners or investors - UNLESS ur networth is also $100 million or more...???!!!
Far from the truth, it's appalling that people just listen and follow this guy blindly and mindlessly. Do your own research pleeaase
You pay capital gains tax on investment property. Your primary residence can be sold tax-free after 2 years living in it up to 250k if you're single and up to 500k if you're married.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@arthughes That's great! And it won't change
It will destroy the billionaires tax breaks and growing margins. Nice play on the middle class, but coming from a billionaire this advice hold its weight in air. Continually fear mongering.
I want to start by saying I like grant cardone, but this message is factually incorrect for most middle class home owners who are selling their personal homes. First, the gain on the sell of a personal home is excluded from taxable income in the amounts of $250k for single filers and $500k for married filing jointly. Second, 1031 exclusions would still be allowed ( shielding gains by investing in new property). This will not impact middle class Americans selling their personal homes. This will impact investors but not the middle class.
And also: a) it is a proposal, and b) for HIGH networth individuals (like GRANT) with $100 Million plus!
1031 exchange is not so easy to pull off, the funds from the sale of the home need to be held in escrow, if the seller ever takes custody of funds then 1031 exchange is not an option. Most people dont know this and just sell their home thinking this is an option, at which point its ironically too late.
You also have a 1 year timeline to make the transaction. I know from experience it's not so simple and wayyyyy harder to do than it should be - you typically need to hire an expert (ie. More expenses eating into your equity) to do it right. And I'm not rich, just a normal middle class american that doesn't want 30%+ tax on the sale of my home.
@@JasonP2 again there is significant disallowed gain for a non-investor selling their personal home IN ADDITION to a 1031 exchange. If the total gain is less than $250k filing single or $500k filing jointly, you wouldn’t pay taxes anyway. Not to mention, if the desire is to sale your home to buy a bigger one, proper planning makes a 1031 exchange fairly simple to execute.
Are you intentionally misleading people. It is great to be able to get some information from easy get places, but folks do you own research.
@@xenos0121 1031 is just for an investment property. You can't 1031 a primary residence. Some older people in high-value areas bought their homes for $100-$300K and raised their families for 30 years. Their spouse died and now they want to downsize. The house has gone up 300-500K but as a single person now, they can only exclude 250K. With the increase of home prices over the last 10 years we need to raise the exclusion limits. This is really screwing the elderly and people that want to downsize their primary home.
Grant you endorsing Trump ? More billionaires need to stick together and help him.c
HELL NO GET HER BUTT OUTTA THAT OFFICE NOWWWW!!!!!
Grant, the same thing’s happening in the UK. This is definitely all by design.
No it won't, it will only f u up if you are worth over 100 mil
This isn’t about real estate… this is about the demise of America 🇺🇸
I value our democracy and constitution ahead of money.
Also, ONLY proposed for ppl with NET worth $100 Million and up!
If you value constitution than think like it’s gone Kamala against constitution she’s a corrupt communist that care less about regular working class!!!
@@connywolfram8305This won't affect savvy investors that manage to keep more debt on the books than assets are valued at...
Where is that policy on her page? It isn't there. No one knows what is the threshold. @@connywolfram8305
This is not about Republican or Democrat.We have to save the United States of America.I'm voting to save America.I don't care what people think of Donald Trump.He's the only one that's gonna get us out of this mess so wake up
He said do you want to pay $200,000 in taxes. How? we are not getting taxed at $200,000. He now cares about people that own homes. He always said people are stupid to buy a single family and now he wants to protect you. The proposed law only affects people with 100 million in assets.
😂😂😂. You realize income tax was originally only for the ultra rich. Once the government thinks they can they will come for you as well.
This argument is always so dumb, so what if it only affects the ones with 100 million plus? Why should ANYONE pay tax on unrealised gains? Its insanely greedy by the governmentm, they dont deserve that much. The rich already pays near 40% tax, that IS a fair share. the taxes are already being paid, why should anyone pay more than that? Pure greed by the government. The beginning of the socialist agenda
Not even that (u are partially correct).... people that have a NETworth of $100 Million plus (like Grant) would be affected if the proposal becomes law. Grant has posted this IN HIS OWN interest. Draw ur own conclusions.
@@connywolfram8305 the thing is like he said just put long term debt on everything and that net worth equity is gone. And loans aren't taxable. So this bill is pointless.
@@connywolfram8305 I heard a million. But a million wont be enough to feed a family on when they are done.
Some "experts" say it's just for people who make millions or are worth millions.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
TRUMP. Fight for the freedom of the people
Fight for Trump's annual $70,000 in hair care
You forgot to mention the first 500,000 on top of what you paid for married not taxable ? since you have a degree as you claim, are you missing that? I understand in the portfolio. You will have to pay taxes, but this has nothing to do with normal people. Also, why don’t you add that from profit in your sale cardone deals
you take for 65% +2% to you personally?
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family...Big gratitude to Geraldine lane
You're correct!! I make a lot of money without relying on the government.Investing in stocks and digital currencies is beneficial at this moment.
I'm 47 and have been looking for ways to besuccessful, please how??
Do you invest with a professional for broker?I'd appreciate it if you show me how to goals bout it
It's Geraldine Lane doing she's changed my life. A BROKER- like her is what you need.
I will defy! They can come get me
Just trying to get the facts straight. Wouldn't it only apply to those with a net worth over 100 million?
No it’s anyone that is trying to save and invest money..
@@aaaaaa-ru3tv do you have a source reference?
45% on realized capital gains for everybody (it's 20% max today), 25% on unrealized gains for ppl over $100mn
Yep you’re correct. Guys with $100mil like Grant will be affected, but the majority won’t. He’s lying his ass off.
Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc. WE end up paying for it one way or another.
Let’s pray for our country god bless
this comment will probably get lost, but what grant fails to mention is that the capitol gains tax will only effect people who have a net worth of over 100 million. i dont know anyone in the middle class who has that. grants net worth is 600 million so he's affected but my mom, brother, sister, neighbors and co workers wont see that tax. stop reading headlines and read the actual policy for yourself.
They did the same with income tax. It started by taxing the "rich", then slowly to everyone else. No American should ever be taxed that much. The government needs to reduce its spending.
@@justinjackson999 right reduce it’s spending on subsidizing gas so the prices go up at the pump, reduce spending on the roads and infrastructure that’s already falling apart. Reduce spending on FHA loans and for first time home buyers, reduce spending on our children’s education so they can go work for someone else and make them rich. And sure it did start with taxing the rich but who was responsible for making it trickle down, I’ll give you a hint…..
@@jdubballen56 $35,483,210,989,385 Both parties are responsible for this, one is slightly worse than the other.
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Still dumb to do. What people don’t understand is that these taxes just trickle down to us regular folks. Tax the rich sounds good in theory but the rich will find ways to cover this tax by reducing labor, reducing wages, reducing benefits, closing business, increasing cost of services aka more inflation etc.
More rich people telling regular people how they will rip young people off. Unnecessary AF
I definitely don't like this tax boost. federal taxes are not ok.. But im not voting for Trump, lol. somethings are more important than money.
Misleading. This only applies to commercial and greater than 100m/year. Zero middle class impact.
Housing in America is soooo fantastic rn
To tax unrealized gains is crazy. The tax will get progressively worse like every other tax. To pay for money that you have not made is bizarre.
Awesome you educating the masses.
Most vote against their own self interest, because of the hate they have for the other side.
Sad the social conditioning that keeps people blind !
Thank you Grant 👊
No, he is NOT. He is spreading MIS-information. Proposed tax is for people like HIM with HIGH networth of $100 MILLION plus.
Trump's voters always vote against their self interests
Give er more wine and she'll straighten her thinking 👌👌
Spoken by a scared billionaire who is about to lose 50-75% of his asset values with over-leveraged debt.
Hyperinflation is coming . Keep waiting on those low prices 😂😅
That glass ceiling that everyone talks about is getting extremely thicker.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
@@pb2382 ua-cam.com/video/X6Xe3SGUH6A/v-deo.htmlsi=HHdPKLaGQSQps2sG
They will never impose those taxes on themselves.
You're completely wrong Grant. You've made millions and you're still trying to get an angle to increase your wealth that you don't need instead of trying to help working people that can't even afford to buy my parents home. $1 million is enough for 15 families to buy 15 affordable homes, 15-20 cars, 15 weekly grocery store purchases, and on and on. You blew $50 million on a private jet you didn't need, and bragged about how you took it as a deduction (if it wasn't necessary for your business, expect the IRS to rightfully audit you and every flight you took on that jet). You are the one that is a drag on our economy because you hoard wealth, blow it on non-productive things, and only look for ways to get more. Over 70% of economic output is from spending by the middle class, working class and poor people, not you. You and people in your income bracket could leave the US and working people would be better off. Your wealth has become your God and you don't realize it.
Exactly. Grant is another one of those UA-camrs financial fraudster. It only affects those with $100mil or more.
Her plan is so fundamentally stupid, at first I really did not believe she even proposed it.
Trump 2024!! God bless America!
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
If people actually read the fine print that the government always likes to out into their bills. The 25K down payment for first time home buyers is not for just anyone. There is a section in it that states, ( for first time generational home buyers ). That would tell me. It is specifically for the illegals that have been coming across the border. More of our money that is not mwnt to help actual Americans.
"Don't vote your politics?" Losing our democracy by electing an autocrat will decimate a whole lot more than real estate.
.....also, Grant is NOT explaining that this proposed tax is for people with $100 Million plus networth ---> like him.
The point is she's trying to charge an unrealized gain tax. So holding on to the property isn't going to help you. It will just be so expensive you won't be able to hold the property anymore, you'll be forced to sell.