Biden's New Proposal Will DAMAGE The Economy
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- Опубліковано 28 чер 2024
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This seems like the worst period.
Even the market are now very unpredictable.
Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don't be confuse buying the dip in a bear market, with guaranteed future returns.
Just because that company is down 60% + from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to
Juliana Heidi.
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
please educate me, i am willing to make consultation to improve my situation.
Woah for real? I'm super excited. Juliana heidi strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
Though I started with as low as $40,000 AUD actually because it was my first time and it was successful, She's is a great personality in Brisbane, Australia 🇦🇺.
Bought AMS99T at 1$, I will keep it until 2025 when it reach 250$
IT'S time for We the people to Vote on HOW THINGS WILL effect OUR lives not LET them decide
Almost like the elite dont want the little guy from saving and getting ahead....
Bingo. Don't let it stop you. Nothing will stop me from building wealth. It makes their blood boil thinking about you & me becoming wealthy & successful. They are doing this on purpose because they want everyone broke and on UBI. Not gonna happen with me.
The "elite" don't even consider that anyone other than themselves even exists. The laws of quantum physics actually prove that this is true. There are Bosons and Fermions and between the two there are the shared Hadrons. These are the foundation of physical reality. Ask yourself, why is the most expensive individual investment based on physical size in human history a machine designed to collide the shared subatomic particles? Is it perhaps a higher fractal representation of what they are doing to humanity?
Are you making a million per year currently? 🤷
@@int_prodo you think this would help people making less then 200k😂 the govt doesn’t care about you. You may think business leaders in your community don’t but if they didn’t they would leave
@@int_prohe’s obviously a “little guy” hope he doesn’t have a loser unemployed kid commenting idiotic things all day like your parents do😂
You can’t tax the rich, the rich will always find a loophole, it’s the middle class that suffers every time
not loopholes, rules and laws its just having the time and money to learn or pay someine else to find out how the rules and laws can be benifited from
the middle class doesnt make $1,000,000 a year in capital gains for this tax increase to even affect them.
The “rich” aren’t necessarily rich in today’s world. Class warfare isn’t cool. I’ve worked my tail end off for years (starting from minimum wage and working up!), and it’s not okay for people to just steal that.
In this case, it would be all of us who have retirement accounts, outside of tax-exempt accounts, or people who invest or trade in the stock market for a living or extra income. Even home sales are subject to capital gains tax, but they currently allow quite a bit of leeway for most people. The rich suffer the most for capital gains on property sales, if they hold it longer term and it gains substantial value.
@@johncrongeyer466 It affects them in many ways. By attacking capital the gov sends capital into hiding when it would otherwise be deployed and creating jobs/prosperity.
I just hope this never pass.....
Doesn’t this only apply to individuals with an AGI over $400k
how it starts. then keeps moving to lower and lower a.g.i.
Those are the people with enough disposable income to make investments in private placement, small businesses. As things currently stand, people are using debt finance to homogenize industries into verticals held by private equity. Who controls the private equity firms? Roughly 1000 people control most of the money in private equity firms in terms of actually voting on policy. The disparity between 'ownership' and 'control'. It is a huge shit show that will likely evolve into the modern world sending themselves back to the stone age and being lucky to have the quality of life of a middle class Afghan.
If you or your parents own a house with unrealized gains, that could push you over the limit.
Most people do not earn enough to qualify for full social security, let alone pay into IRAs. They are screwed when they can't work anymore.
Most people?
This will never pass.
Yes, i have to agree with you. This is how the politicians get rich. They buy stocks and real estate..😅
Never say never with these greedy irresponsible politicians
I hope you are right
I've learned in two years that nothing is a given
@@zzbudzzmost of these politicians make more than the threshold
This would destroy people who want to save and invest for themselves for retirement or who want to buy pieces of businesses and sell them for a living. I loathe the idea that our only options for retirement accounts to avoid these taxes, would be to be forced to have only mutual funds through 401ks, IRAs, and so that we can't manage or use the money how we see fit, when we want, that won't be managed for our benefit by those who manage our retirement funds. This doesn't just affect the rich, but the poor and middle class. This is the worst piece of legislation I have ever heard of financially. It is further bankrupting us as nation in the future, so that the government can overspend today.
Main street, gov't gives our money to others, little to help us.
I am retired & living on a fixed income. Any increases hurt me. I have a rental, we can pay tax on income. An asset tax is unconstitutional. We must never permit an asset tax.
if you are retired and living on a fixed income this doesnt affect you at all unless of course your fixed income is over a million dollars a year and if thats the case congratulations.
I appreciate your raw emotions. This is serious stuff and people need to know that. They are ruining the whole world.
Just took the plunge and invested a significant amount in AMS89K. Feeling optimistic about its potential
Sorry for your loss
@@hersheywalker6447 lol!
Bruh, you gon die broke or will have to sell your body on ONLYFANS
I think this is a pretty vague explanation of the proposed tax bill. He was very nonspecific when referring to the income limits and the family farm exclusions.
it was actually very specific
No more money for govt!
Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.
and its only a 2% increase.....if it is even passed into law
FJB
Lies
@@happyappy19931 LGB
😅😅😅😊
In 1 and 2 case to mainstream. Do not give the money in both cases to the government.
Current gov problems are due to over spending. No matter how much more money the gov brings in, it will continue to over spend. The cycle won't end until they start to cut spending. That's what every household does. Spend more when you make more money, spend less when you make less money. It's called budgeting. The gov should do the same.
They need to get rid of dark money too much corruption involved.
Yes, we want our companys to do well. The problem which because of recent inevitable inflation has become obvious, has been ignored for 35 years is as follows. The working class has been falling behind due to the favoring of corporations and big money lobbying. This has been going on for 35 years. Newsom in California is doing the hard painfull work that has to be done by raising the minimum wage to balance out. Trouble for many, sure. No way around it. Capitalism is fine, but will not balance out a troubled economy.
Except the corporations don't play by the same rules.
They're cranking up prices and reducing staff instead of playing ball.
Sold a property that was in a trust. Took the profits and bought another house to rehab and sell. Need help.
So the 10k goes into more business, so you suggest higher business taxes? Remember our national debt, which we need to address somewhen. And remember taxes are about as low as they have ever been.
Trickle down really not mandatory in the capitalist system. If trickle down pays the corporate world it may help balance but will not happen unless it pays them. Otherwise more poverty more fences and walls for the rich.
Thank you Mark!
Main Street!
If corporations and the .01% paid their taxes like the rest of us working people the government wouldn’t have to look for ways to make up the difference.
This is not accurate. Look at the governments own numbers of how much this would raise, it's under 1 trillion.
Now look at the budget deficit about 3 to 4 times this amount.
Government spending is out of control period!
@@danielmusic6501 Why did the deficit rise so rapidly? TRUMP'S TAX CUTS FOR THE RICH!! It is absolutely accurate! "The Tax Cuts and Jobs Act cut taxes substantially from 2018 through 2025. The resulting deficits are adding $1 to $2 trillion to the federal debt, according to official estimates from before and shortly after enactment. The debt increase will be larger if some of TCJA’s temporary tax cuts are extended." Tax Policy Center
@@un0travieso not trump. brandons administration did it
@@rickjames4031 what ever Jheri curls. Trump is a conman and a criminal and you’ve been fooled. I can’t understand how people can fall for this charlatan. You really need to educate yourself before you make a huge mistake.
you should not be spending more than you have anyway, if you cannot , why the government can @@un0travieso
Their Capital Gains Tax is Crazy!
What do they think we are made of money!
No way!
YOU ARE AWESOME THANK YOU
The way you fight inflation is not by simulation but by having less dollars in the system, that means the US has to stop going into debt and creating more dollars.
Only for those who earn over $1 million dollars a year, which is not relevant to over 99% of us since only 0.1% - 0.5% of Americans earn that much money according to the World Economic Forum. Glad YOU made it! Why is our Accountant making more than we are!? [60% of Americans live on $55k/year and 50% on $30k/year or less!] Congratulations Mark on making to the 1%!
Why poor & middle class pay more taxes than rich
because the rich write the tax laws and when anything is ever attempted to even it out a little bit like this 40% capital gains tax on anything over a million a year in CG then guys like this come out screaming to try and confuse the middle class into thinking its them too
Bull
Make the Billionaires to pay equal taxes!
I make less then 50k a year, so with that what does your comment actually mean? equal to who, what tax bracket? please be specific.
That would be a massive tax cut for billionaires.
FJB
Main Street
A published study in Oxford Academic by David Hope and Julian Limberg has found that major tax cuts for the wealthy does not have a major impact on economic growth, it’s actually bad.
“We find tax cuts for the rich lead to higher income inequality in both the short- and medium-term. In contrast, such reforms do not have any significant effect on economic growth or unemployment.”
The antidote to wealth inequality and a shrinking middle class is to increase taxes on the rich back to the rates existing before Thatcher, Reagan and others followed the erroneous trickle down supply side economic philosophy of Milton Friedman.
Notice those companies support this administration and bring in record amounts of new people. I hope it goes to 99% for every person and company's so people can see that they can and will raise prices to make needed profit. People compare their salary vs a person business value that they never even sold. Then don't factor in the USA won't be allowed to remain in a unfair position to the entire world. The USA doesn't make anything anymore. Actually it's a proven fact which side put in programs that about count for every penny spent. Only about 4 programs and 1 the military the both are responsible for. I notice 1 side helped wealthy college students and the poorest didn't get help. If low income and with kids most people don't pay hardly any tax if at all.
It del*tes comments
No to government
Main street
AMS89K has all the qualities to break into the top ranks of cryptocurrencies. I'm confident it will get there
This is soooooo crazy
Mainstreet
Get the facts right. It’s for people over 1,000,000 income.
Get it right anything the government does to the rich always trickles down to the poor, want to see how fast the rich get out of this kind of investment let this go through you'll see a stock market and the housing market crush like nothing you've ever seen before.
No taxes
You and @clearvaluetax speak truth
Main Street of course.
How do we avoid this cash in mattress?
MAIN STREET ONLY!!
The difference between the competency set required to take over a government versus run it prosperously for a long time are immense. There is no digital record of it happening, so AI is likely to only be of limited utility.
MAIN STREET ONLY!!!
I just looked it up. if your set to make 400k in capital gain then the propose tax rate is 39-40%. This does not apply us middle class/poor. The average profits on selling a house is about 100k.
Main Street, please!!!
MAIN ST. !!
Who the hell wants 4 more years of this?!?!?!? Wake up #america
Main Street! 100%
I am only in 5 minutes of a 50 minute presentation. Makes sense to increase capital gains and to remove the step up and to get rid of 1031 and implement wash sale for crypto. I did not hear the income limits for the capital gains yet though. 40 % and I assume you mean for long term capital gains is a bit high, but 30% makes sense I think. Employees have to pay that and more at higher incomes. Will tune back in to hear more.
Whats a strategy to leverage w2 taxes with a trifecta?
We are screwed
Main Street!!!
Main street!!!
I've always said inflation was a fucking tax.
Main street!
Main Street!! Main Street!! Main Street!!
Rich people need our help. Please vote.
😂
Coming from a 52 year work avoidance career politician.....what do you expect?
mainstreet
Most of our money in the government goes to the military - so as along as the ratio is lopsided toward military (meaning weapons) I say keep it in mainstream...
Can you have a discussion regarding cash value whole life insurance. Benefits, borrower against to invest in real estate. if structured properly can provide tax free money….
What do we do about this?
Business 10:04
MAINESTREET.......
Main Street.
main street
Ouch. Triple ouch!
MAIN STREET
I am so grateful for your podcast thank you so much sir! It’s an honor to be part of the KKOS family! 2024 let’s make it hail!💥💸💰💸💰💥
Main Street 100%
No more taxes! TEA! Taxed enough already!
Main St
Maistreet
Main Street, always.
Main Street for tax
Hell No new taxes
Mainstreet….the government will not help main street
Taxing unrealized gains seems crazy, but if they made it an optional process where you could pay "some taxes" ahead of time in order to get a discount on taxes for realized gains in the future it "might" be workable. Say you are sitting on 100k of unrealized gains and are avoiding selling those shares to realize the gains because you don't want to pay taxes which might be 20% based on a long term capital gains tax rate. Maybe if you knew you would get a discounted rate of 10% in the future if you paid 5% now along with a refund if the stock swings to a loss it might work.
He’s right to get rid of the crypto, 1031 exchange, stepped up basis tax.
The unrealized 25% tax doesn’t make sense.
Overall not a bad tax bill.
He should include no gov officials get paid if the budget isn’t balanced or declining to 70% Debt to GDP
Mark J Kohler for President!❤
Grow businesses
Get more money in the system to bring inflation down? I thought too much money in the system caused all this inflation.
Government spending is causing this inflation. 34 trillion
invested back on the economy
Imagine a job where you tell others what they will pay for it and enforce it. Sound authoritarian to me Joe.
Capital gains tax is a tax on inflation. If everything doubles in price, you will have 100% gain on paper (taxable at 40% +!state tax, if any) even though you gained nothing.
keep 4 in my pocket
Economy. Always. And marry me lol. I love how you talk money and taxes.
The admins economic specialist, Jared Bernstein, doesn’t know how money works or who prints it….
Very sad
No to giving the tax money to the government. Government does not use our tax money wisely.
My vote is fjb
Mainstream. No taxes.
MS
F taxes
I Ned help. 76 yr old disabled veteran who s scared to death about my TSP government IRA. Want to look at self directed IRA. HELP, please.
Main