mat200
IPCT Contributor
- Jan 17, 2017
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From what I have read, more people working multiple jobs .. and less good paying jobs ..
Money & Economics
- Thread starter bigredfish
- Start date
From what I have read, more people working multiple jobs .. and less good paying jobs ..
Yes that's part of it.
The other part is that the BLS is fucking lying their ass off
There is NO Federal government employee that wants to see honest government. They're 100% down to the last fucking clerk, corrupt.
The other part is that the BLS is fucking lying their ass off
There is NO Federal government employee that wants to see honest government. They're 100% down to the last fucking clerk, corrupt.
Biden Calls For Record High 44.6% Capital Gains Tax Rate
www.zerohedge.com
President Biden has formally proposed the highest top capital gains tax in over 100 years.
Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
Worse, capital gains are not indexed to inflation. So Americans already get stuck paying tax on some “gains” that are not real. It is a tax on inflation, something created by Washington and then taxed by Washington. Biden’s high inflation makes this especially painful.
Biden Calls For Record High 44.6% Capital Gains Tax Rate | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
President Biden has formally proposed the highest top capital gains tax in over 100 years.
Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
Worse, capital gains are not indexed to inflation. So Americans already get stuck paying tax on some “gains” that are not real. It is a tax on inflation, something created by Washington and then taxed by Washington. Biden’s high inflation makes this especially painful.
mat200
IPCT Contributor
- Jan 17, 2017
- 15,170
- 25,626
Biden Calls For Record High 44.6% Capital Gains Tax Rate
Biden Calls For Record High 44.6% Capital Gains Tax Rate | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
President Biden has formally proposed the highest top capital gains tax in over 100 years.
Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
Worse, capital gains are not indexed to inflation. So Americans already get stuck paying tax on some “gains” that are not real. It is a tax on inflation, something created by Washington and then taxed by Washington. Biden’s high inflation makes this especially painful.
Heard some want to kill Roth iras also
Q1 GDP cut in 1/2, inflation persistent, fake BLS data, housing and energy costs still climbing,....... rate cuts they've all been counting on looking more and more like "aint gonna happen"
I got it right for once. I had moved 1/2 of our pile out of stonks a few weeks ago and moved the rest out and into stable fund MM funds yesterday!
I got it right for once. I had moved 1/2 of our pile out of stonks a few weeks ago and moved the rest out and into stable fund MM funds yesterday!
Except this guy, who's been there done that and is puckered
"It Feels Like Something Can Break At Any Time"
Former floor trader lays out why he sees yields surging and markets crashing.
www.zerohedge.com
"It Feels Like Something Can Break At Any Time"
Former floor trader lays out why he sees yields surging and markets crashing.
"It Feels Like Something Can Break At Any Time" | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Stagflation Shock: GDP Stuns With Lowest Print In 2 Years, Below Lowest Estimates, As PCE Comes In Red Hot
Stagflation Shock: GDP Stuns With Lowest Print In 2 Years, Below Lowest Estimates, As PCE Comes In Red Hot | ZeroHedge
Stagflation Shock: GDP Stuns With Lowest Print In 2 Years, Below Lowest Estimates, As PCE Comes In Red Hot | ZeroHedge
This "Emperor" Has No Clothes | ZeroHedge
Does the Fed even matter that much to the real economy and investor portfolios?
That’s an important question that doesn’t get nearly enough scrutiny. It’s possible that neither the Fed nor the reporters who cover the Fed want to ask hard questions about what the Fed really does.
Could it be the case that the emperor has no clothes?
'Stagflationary' GDP Data Sparks Market Turmoil, Rate-Cut Hopes Crushed | ZeroHedge
Initial & Continuing Jobless Claims Continue To Ignore Reality | ZeroHedge
I think they will push this hard next year if the communists get "re-elected". In which case we're fucked. They kinda have to if you look at it through their eyes. Allowing the current fiat to implode, which its on its way towards, would mean they all have to go get real jobs.
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs | ZeroHedge
Does the Fed even matter that much to the real economy and investor portfolios?
That’s an important question that doesn’t get nearly enough scrutiny. It’s possible that neither the Fed nor the reporters who cover the Fed want to ask hard questions about what the Fed really does.
Could it be the case that the emperor has no clothes?
'Stagflationary' GDP Data Sparks Market Turmoil, Rate-Cut Hopes Crushed | ZeroHedge
Initial & Continuing Jobless Claims Continue To Ignore Reality | ZeroHedge
I think they will push this hard next year if the communists get "re-elected". In which case we're fucked. They kinda have to if you look at it through their eyes. Allowing the current fiat to implode, which its on its way towards, would mean they all have to go get real jobs.
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs | ZeroHedge
Yeah, at my age I'll take guaranteed safe 4%-5% CDs and MM accounts all day long.
I do have some with a JPM brokerage account, but its in a fixed income very conservative fund and really not exposed to stonks. While not as guaranteed as a CD, its pretty darn safe. I told the broker the minute I see a negative week print it all comes out and goes into a 4.75% CD on the Chase Bank side. (They hate that
I do have some with a JPM brokerage account, but its in a fixed income very conservative fund and really not exposed to stonks. While not as guaranteed as a CD, its pretty darn safe. I told the broker the minute I see a negative week print it all comes out and goes into a 4.75% CD on the Chase Bank side. (They hate that
And really, it wouldnt matter if the market showed up 12% or 15%. People dont realize how quickly that can change and how long it takes to make up losses. I recall my wife's old boss boasting in 2017 I think how much he'd made in the market the preceding 5 years.
I told her to ask him how much of a loss did he take in 2008-2010 and if he was back to even yet?
I told her to ask him how much of a loss did he take in 2008-2010 and if he was back to even yet?
mat200
IPCT Contributor
- Jan 17, 2017
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Good finally hitting those inflated stock prices !!
I mean the stock market has gotten very high in terms of P/E ..
Well it recovered 1/2 today. Funny what $70 Billion in buybacks from google alone can do
I read an article a few days ago about how if you were to not count company buybacks of their own stock, the market would be underwater....
I read an article a few days ago about how if you were to not count company buybacks of their own stock, the market would be underwater....
mat200
IPCT Contributor
- Jan 17, 2017
- 15,170
- 25,626
Well it recovered 1/2 today. Funny what $70 Billion in buybacks from google alone can do
I read an article a few days ago about how if you were to not count company buybacks of their own stock, the market would be underwater....
Shhhh ... Hillary may hear us ...
Hmm .. guess all those billions into usa defense companies will help the gdp bottom line ..
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