Biz we cannot let Biden win

[Anonymous No.21494163]

The dems want our gains reeeeee
>12.4% boomer tax
>39% capital gains tax (currently 20%)

https://taxfoundation.org/joe-biden-tax-plan-2020/

[Anonymous No.21494194]

>>21494163
they are pedophiles anyway

[Anonymous No.21494231]

>>21494163
don't worry anon. biden loses, dies within a week of the election. screen cap this

[Anonymous No.21494266]

isnt he dementic

[Anonymous No.21494439]

>>21494231
If he dies we’ll just get his Vice President...

[Anonymous No.21494542]

>>21494163
alternatively, this might cause a flood of billionaires to buy crypto as a hedge against the impending crash, inflation, and to hide their wealth from taxation

[Anonymous No.21494574]

>>21494163
>1% fees to get in and out of trades
>40% taxrate on LONGTERM gains
haha at least i dont have to pay $10 for stock trades anymore

[Anonymous No.21494587]

>>21494163
Biden isn’t going to win

[Anonymous No.21494593]

>>21494439
you don't understand. he's losing the election first

[Anonymous No.21494608]

>>21494163
Kek you are becoming Denmark but not based.

[Anonymous No.21494655]

>>21494574
From 15% to 40? Wtf?

[Anonymous No.21494701]

>>21494163

Is this fucking real? I only just got into the stock market, I've always been democrat, but the crazy ones have slowly been pushing me to the right. Having delayed gratification and self discipline to put my money in the stock market is the only hope I have left of making it, if Biden wants to take that away, then I'll even go so far as voting trump

[Anonymous No.21494729]

Trump made americans 10 times worse to deal with, fuck em

[Anonymous No.21494777]

>>21494593
Oh sorry misread.
>>21494587
I hope so. This tax plan is utterly fucked up. We shouldn’t have to fund dindus, lazy dumb fucks, and commies who got useless degrees.

[Anonymous No.21494805]

>>21494439
So 60% long term capital gains tax on white people, from Harris?

[Anonymous No.21494831]

>>21494777
*i mean I hope he doesn’t win

[Anonymous No.21494841]

>>21494729
Shut the fuck up faggot

[Anonymous No.21494860]

>>21494574
Only on incomes over $1m

[Anonymous No.21494867]

The plan is Biden wins but they’re gonna kill him so they can sneak in the first nigger female president. Enjoy your new world order goys.

[Anonymous No.21494869]

Get wrecked boigers. Top kek

[Anonymous No.21494902]

>>21494777
holy checked
biden confirmed loses and dies

[Anonymous No.21494934]

You nogs act like you're ever going to be cashing out 1 mil in long term gains within a year ever.
kek

[Anonymous No.21494938]

The current capital gains tax is already insanely high wtf. Americans are going to start renouncing citizenship and moving to the bahamas

[Anonymous No.21494939]

>>21494860
The bull run will be in 2021. If he is elected while biz cashes out we are going to get fucked in the ass with it.
Don’t let him win

[Anonymous No.21494974]

>>21494163
The entire government (both parties) basically sees us as financial terrorists anyway.
It's time to go to war, boys.

[Anonymous No.21494981]

>>21494542
Billionaires are not affected by this lel

[Anonymous No.21494992]

>>21494939
Just cash out over multiple years

[Anonymous No.21494995]

>>21494163
Fair price to pay to end all the systemic racism in this god forsaken country.

#RidinWithBiden

[Anonymous No.21495021]

>>21494860
So cashing out assets under 1 million will still be 20% long term capital gains?

[Anonymous No.21495085]

>>21495021
You’ll get an additional 12.4% boomer tax for incomes over 400k

[Anonymous No.21495092]

>the tax foundation

[Anonymous No.21495109]

>>21494574
> 1% fees to get in and out of trades
Kek margin scalpers get the rope.

[Anonymous No.21495113]

>>21495085
Only for wages.

[Anonymous No.21495220]

If trump cuts capital gains this year he will win the election

[Anonymous No.21495239]

>>21495113
I see. So the main issue for biz is the 39.6% capital gains tax for 1MM+

[Anonymous No.21495242]

>>21494163
>20% capital gains tax
for long term gains maybe... for short term gains it's already your federal rate, or 37% for the rich linkies who are now rich and paying the highest taxes because they have so much money now.

[Anonymous No.21495297]

>>21495242
>holding LINK for less than 2 years
>selling any more than your staking rewards

[Anonymous No.21495304]

>>21495239
So the only option is to either cash out less than 1MM over several years or move to a tax haven correct?

[Anonymous No.21495314]

>>21495242
Your opinion doesn’t count newfag

[Anonymous No.21495318]

>>21494701
well, here's the deal.
when i was young, teens-20s
i used to like to go to folk/bluegrass/hippie type festivals.. was very liberal.. still am.
i like oldschool liberal shit. and as far as leftism.. i go as far left as nomad grateful dead radical americana.
with all the pot/lsd/shroom/hash you can dream of, with good tunes, and summer sun/nature.
that's how far left i go. ok.

now listen.

trumps plan is to reduce capital gains taxes.
bidens is to raise capital gains taxes.

i won't support any "democrat" today.

because i know they are politically, nationally, and economically, spiritually, and liberty, RETARDED.

[Anonymous No.21495343]

It's 40% on income/cg above 1 million dollars.

Enjoy your newfound wealth, stinkers. This is called the crypto neet tax.

[Anonymous No.21495349]

>>21494593
They do, they are just shills/bots ltbot

[Anonymous No.21495351]

But long term capital gains don't raise your income so I'm a bit confused by this.

[Anonymous No.21495362]

>>21495304
IMO cashing out during the bull peak next year is more important

[Anonymous No.21495368]

>>21495343
If linkers cash out less than 1MM per year then none of this applies right?

[Anonymous No.21495387]

>>21495314
You're talking to someone who bought 400 LINK under $17. Take a second to digest that. Now, if that's being a newfag then we're all newfags.

[Anonymous No.21495394]

>>21495304
Act 22 Puerto Rico...look it up

[Anonymous No.21495402]

>>21495362
Link is a blue chip and the value will rise over time.

[Anonymous No.21495451]

>>21495351
THEY DO you baka

[Anonymous No.21495456]

If Trump loses he will declassify everything. Politicians know this. The DNC just has to appear like they're trying to win. Stop worrying.

[Anonymous No.21495503]

>>21494163
Trump 100% if you trade stocks, even long term. This is silly

[Anonymous No.21495517]

>>21494938
London is the new tax heaven because of brexit.
t. London anon

[Anonymous No.21495545]

>>21494163
at this point /biz should just move in numbers to portugal
we have to find a small town with only a handfull of boomers left and we can vote ourselves into local power and create our own /biz/real utopia
imaging that a town filled with millionair autistic neets

[Anonymous No.21495609]

>>21494934
Its long term capital gains you illiterate retard kike

[Anonymous No.21495628]

>>21494992
You want him to hold crypto through the bear cycles?
There are no genuine stablecoins yet.

[Anonymous No.21495631]

>>21495394
I've spent several months at at time in Puerto Rico. Might end up moving there if I make it because it's so easy to go between it and the states while also living in a pretty place. They got big ass houses you can get out in the hills that are a mile from anyone else. Incredibly comfy.

[Anonymous No.21495654]

>>21494701
yes, it's real. i really hope biden doesn't win.

[Anonymous No.21495667]

>>21495545
It’d just be people bitching and arguing all the while doing nothing to improve their community.

[Anonymous No.21495764]

>>21495667
Yeah but at least we got rid of all the ni

[Anonymous No.21495787]

>>21495318
Based old hippie. You guys had a lot of shit figured out.

[Anonymous No.21495794]

>>21494701
You're going to be full blown natsoc by mid-2021, screencap this

[Anonymous No.21495797]

Well atleast the insanely high taxes are going to a good cause, right? Free Healthcare to illegals and free gender studies degrees

[Anonymous No.21495827]

>>21495517
Yoooooo

[Anonymous No.21495940]

>increasing capitals gains taxes
lmao capital gains is literally the engine of the economy and they want to kill it. 20% was already too high.

[Anonymous No.21496022]

>>21495940
Workers are the engine of the economy. Some parasitic fat cat selling stock is hardly the engine of the economy.

[Anonymous No.21496024]

>>21495318
Oh hey this is me except I’m still in my 20’s, I wish we had the equivalent of a real jerry but the culture is still alive and well. Mayer shreds but he doesn’t even drop acid.

And yeah the DNC is fucked

[Anonymous No.21496098]

>>21495545
So millionaires moving to a single city with commodities that can be stolen without repercussions.
Wonderful idea. What could go wrong?

[Anonymous No.21496104]

>>21496022
is this bait? tell that to the mcwagies who got replaced by self order kiosks

[Anonymous No.21496122]

>>21494163
Nah shut up enough of this bastard trump

[Anonymous No.21496131]

And why does this concern me?

[Anonymous No.21496140]

>>21496104
Workers are consumers. Consumption is the engine of the economy. Absolute brainlet.

[Anonymous No.21496265]

>>21494439
Dumb nigger will tax me 60% to give away for reparations. Fuck niggers, fuck kikes, fuck niggers and fuck jannies. Most importantly FUCK NIGGERS.

[Anonymous No.21496413]

>>21496265
Maybe you could just take a tax class and actually understand how taxation workers, instead of rambling like a /pol/ schizo. Long term capital gains are taxed at favorably rates. Typically much lower than ordinary income rates, and are even taxed at 0% depending on your tax bracket.

[Anonymous No.21496444]

>>21496140
You don't need workers to have consumers. You really should have relegated Marx to the museum of human errors by now.

[Anonymous No.21496501]

All right fuckers. I'm retarded, but now I'm reading that capital gains tax only goes up if you make over a million dollars in income. I'm pretty sure you all aren't a bunch of millionaires, so if this is true, then fuck you all for spreading a bunch of political lies. I don't know why americans are so afraid to tax the rich

[Anonymous No.21496538]

>>21494163
with mail in voting Trump has no shot.

Theres a ton of people who would secretly vote for trump, but with mail in voting, the whole family would know how you would vote wich would cause problems.

[Anonymous No.21496559]

>>21496444
Unless you’re going to implement UBI, then you absolutely do.

[Anonymous No.21496564]

>>21496122
Man the only thing that fucking affects me is my tax rate. I don't give a fuck if the rest of the world hates or makes fun of us. I've seriously seen 0 difference in my actual life through like 4 different presidents where I've been an adult.

[Anonymous No.21496569]

>>21496538
Is your mom going to inspect your vote at the door?

[Anonymous No.21496572]

>>21496501
>TAXATION IS ONLY BAD IF I'M TAXED
Holy shit you selfish retards

[Anonymous No.21496600]

>>21496501
This board is full of schizos and pol tards. As a CPA, it’s funny to read all these incoherent rants about taxation.

[Anonymous No.21496606]

>>21496413
Did you read the link you commie cock bag?

[Anonymous No.21496625]

>>21496559
>Unless you’re going to implement UBI
That's a bingo

[Anonymous No.21496629]

>>21495545
So the citdael wasn't a meme?

[Anonymous No.21496666]

>>21496572
Lick that boot a little more.

[Anonymous No.21496678]

>>21494163
The Republicans are keeping the Senate. 4 years of gridlock no matter who wins. Chill.

[Anonymous No.21496684]

>>21496666
Poorfag spotted

[Anonymous No.21496690]

>>21496501
>not expecting to make over a million dollars off crypto
LITERALLY never going to make it.

[Anonymous No.21496694]

>>21495387
Holy fuck this HAS to be a LARP, no way somebody could think they AREN'T a newfag if they bought over $1 with anything less than a suicide stack

[Anonymous No.21496703]

NIGGRERS ARE NOT GETTING MY LINK GAINS

NEVER FUCKING SELLING

[Anonymous No.21496709]

>>21496606
I’m aware of his tax plan.

Cletus, with the bracket you’re in, you’re going to pay zero percent long term capital gains, anyway.

[Anonymous No.21496732]

>>21494163
Oh hellll the fuck no.

[Anonymous No.21496749]

This is all Boomer Buffett's fault for his "I pay less tax than my secretary" bullshit. Ok then tax incomes over $50m, not us little guys trying to make a few million on Link

[Anonymous No.21496815]

>>21496666
>not supporting crippling the engine of the economy and the most meritable aspect of capitalism means I'm a boot licker
there are socialists other than marx you know

[Anonymous No.21496825]

>>21496709
Like I said, poorfag spotted. You had three years and you choose to remain poor.

[Anonymous No.21496846]

>>21496684
Tax illiterate spotted.

[Anonymous No.21496850]

>>21496749
He does that on purpose. More taxation crushes the little guy and small businesses, meanwhile the big boys like Buffet, Gates, Soros,... just breeze through

[Anonymous No.21496870]

>>21496815
Pul Pot was a great guy!

[Anonymous No.21496898]

>>21496870
Pot was based off of marx, try again

[Anonymous No.21496921]

>>21496898
Trotski

[Anonymous No.21496940]

>>21496815
The long term capital gains rate is never going to be 39%. It will probably be increased slightly, if at all. Campaign promises are hardly ever kept, and it would have to go through Congress. Not to mention the unbelievable amount of lobbying that will happen in the process.

>>21496825
I guarantee you I have a higher net worth than you have.

[Anonymous No.21496951]

>>21496921
Also based off of marx, all of communism is based off of marx. Try again.

[Anonymous No.21496964]

>>21496898
Is the Democratic Socialist Party of america based off of marx or a new ideal of “democratic socialism” kek

[Anonymous No.21496988]

>>21496600
Coming from the medical field myself the threads about health and mental health are utter jibberish. Really helps you realize how retarded some of the people giving financial advice are.

[Anonymous No.21497008]

>not putting money on based drumf

It's like you hate making money, it's the easiest X2 ever

[Anonymous No.21497012]

KEK
imagine being American in the 21st century

[Anonymous No.21497045]

>>21496951
Stalin!

[Anonymous No.21497086]

>>21497012
Kek at least we get ice whenever we go to a restaurant

[Anonymous No.21497129]

>>21496964
Probably both, I've personally no idea

>>21496940
It's a significant nonzero probability, even after accounting that campaign promises are usually lies. It's also a principle of the matter, that politicians and representatives should be held accountable for the promises they make.

[Anonymous No.21497171]

>>21497045
>all of communism is based off of marx

[Anonymous No.21497174]

>>21494163
This is unironically the worst thing about Biden, we cant let this happen.

[Anonymous No.21497197]

>>21496940
You are betting on a campaign promise not being kept. Post net worth and stack size.

[Anonymous No.21497211]

>>21495021
Where are you getting the 20% from? Long term capital gains tax at 20% only kicks in for single filers after 440k of profits. If you make it big and just want to stop wage slaving you can just sell 40k a year so that you pay 0% to the jew

[Anonymous No.21497270]

>>21495394
>>21495631
I've thought alot about Puerto Rico but wrote it off cause relatively high crime, poverty, and I don't want to be a have in a have not area.

You goys think it's safe enough down there?

[Anonymous No.21497291]

>>21497129
It’s not going to happen. He also wants a 15% minimum tax on corporate book income. REIT and RIC lobbyists wouldn’t allow that.

These are all pipe dreams to attract Bernie bro voters. Once elected, his tax plan will be far more moderate. These plans will never pass Congress as they are right now.

[Anonymous No.21497303]

>>21497171
Is that why stalin had trotski assassinated? What is the difference between marxism-lenninsm, stalism and maoism anyways kek. What’s the difference between those and democratic socialism?

[Anonymous No.21497350]

>>21497197
I’m not betting on anything. I’ve witnessed enough campaigns to know how this works. I don’t have any stacks. I’m 33 and my net worth is about $2.3M between my wife and I.

[Anonymous No.21497353]

If trumps get rielected you may not have a country at all in 4 year, so stop worrying about taxes

[Anonymous No.21497436]

>>21497303
>Is that why stalin had trotski assassinated
Imagine stalin as cain and trotsky as abel
>What is the difference between marxism-lenninsm, stalism and maoism anyways
It's the similarities and foundations that are the issue
>What’s the difference between those and democratic socialism?
Meaningless phrase

[Anonymous No.21497445]

>>21497350
Do you think they will let your reparations tax slide as well? Considering free money is a way to get niggers to vote.

[Anonymous No.21497502]

>>21497445
Imagine being this much of a schizo. There will never be reparations. Not in our lifetime, anyway.

[Anonymous No.21497566]

>>21494995
Kys. You're not getting a single cent.

[Anonymous No.21497581]

Better let Trump destroy the dollar some more so all mutts become homeless and the civilized world can go on safaris to observe them in their ruins

[Anonymous No.21497642]

>>21497436
Meaningless phrase? “Democratic Socialism” what is being pushed right now! Stalin said Trotski was not in support of Leninism and ordered his assassination after Trotski published his book on politics. I agree with you it is the similarities that are the issue, but I will be damned if these fucking commies try take 39% of my crypto earnings.

[Anonymous No.21497725]

>>21497502
I hope to god you are right, but N. Carolina is doing it and that was one of Kamala Harris’s big headlines to draw in black vote.

[Anonymous No.21497761]

>>21494938
If you renounce your tax bill is as if you sold everything at the day you renounce so you have to pay up all of that money or the US gov will hound your bank accounts forever, you can't escape.
Or you could just get married and sell 80k of cap gains a year filing jointly and pay zero tax.

[Anonymous No.21497774]

4. Tax capital gains and dividends at 39.6 percent on income $1m+ and repeal step-up in basis.

RIP generational wealth, gonna get fucked on taxes if you inherit investment assets.

[Anonymous No.21497809]

>>21497642
“Democratic Socialism” is just a banner. What's being pushed is what's being pushed. And they're being pushed by communist larpers that screech "read marx" and then when you try to debate them it's clear they haven't actually read marx and are unable/unwilling to discuss his ideas

[Anonymous No.21497826]

>>21494231
Coomala would be worse

[Anonymous No.21497933]

>>21497809
Unfortunately it has happened many times throughout history on very similar accords. But yes it is a banner they hide behind to fool the youth.

[Anonymous No.21497966]

>>21496606
>anyone who actually knows what they're talking about is a communist!
I'd be sorry that the education system failed you, but this is the education system you voted for.

[Anonymous No.21497980]

>>21495402
This, they're acting like a top 5 crypto with ties to almost every major corp is some pnd fad.
The fact capital gains is going to force people to hold onto link longer for tax avoidance reasons and cash out slowly is unironically going to make a lot of people way fucking richer than they would have otherwise.
Meanwhile people in low/no tax countries will cash out all at once thinking they're locking in gains and want to rope as link continues to rise and rise in price.

[Anonymous No.21498010]

>>21497966
Give me half of your paycheck faggot. It’s ok the money is going towards a good cause!

[Anonymous No.21498027]

>>21494163
We must unite with /pol/

[Anonymous No.21498031]

>>21497933
The youth are the communist larpers. But to the original point, there are socialist (AKA people matter) theorists and ideas that exist outside of marx.

[Anonymous No.21498086]

>>21498027
/biz/ is /pol/

[Anonymous No.21498160]

>>21497809
Marx's ideas are fucking retarded and have been refuted by Bohm Bawerk and Mises.
Imagine being retarded enough to believe in the labor theory of value. Imagine confusing resources with money.
Complete idiocy that appeals to bootlicking brainlets.

[Anonymous No.21498215]

>>21496572
>caring about some super rich kikes paying more tax
kys

[Anonymous No.21498230]

>>21498031
And they're all extremely bad.
People should be reading Austrian economics, not this central bank bootlicking nonsense.

>>21497966
The education system is socialist. It's a failure of government. It should be completely privatized so the price goes down and quality goes up.

[Anonymous No.21498273]

If ...When I make it, Im moving to a tax haven. fuck taxes

[Anonymous No.21498305]

>>21498215
Taxing them won't benefit you whatsoever though. The government wastes this money anyway and even if they didn't, it won't do anything but raise prices and fuck you over.
Saved money does not translate into consumable goods and services.

[Anonymous No.21498316]

>>21497774
implying this won't be negotiated down to a 1% increase in the senate anyway

[Anonymous No.21498366]

>>21495318
GD was mostly a libertarian thing no matter how much lefties want to latch onto the culture. Nowadays most true deadheads are literal Trump supporting republicans

[Anonymous No.21498396]

None of this even matters.
The US dollar is going to collapse this year.

You should have listened to /pmg/

[Anonymous No.21498446]

>>21498366
Also you can prove this because republicans are the only ones still talking about 'peace & love' while an antifa tries to smash their head in

[Anonymous No.21498447]

>>21494163
>i am poor so everyone else should be too
based and redpilled
go commies

[Anonymous No.21498537]

>>21498396
In one year the dollar is going to be fine, gold is gonna be around 1500 and nasdaq is going to be 13-15k
screencap this, doomer

[Anonymous No.21498546]

>>21495517
How so? Can a bong elaborate on this for me? I’ll unironically move to London if my gains are taxed reasonably.

[Anonymous No.21498586]

>>21498160
I agree. Sad to see Marx's ideas are still not retired.
>>21498230
>And they're all extremely bad.
>People should be reading Austrian economics, not this central bank bootlicking nonsense.
lmao you're wrong

[Anonymous No.21498615]

>>21498446
Yup
https://www.medicalmarijuanainc.com/news/trump-signs-farm-bill-legalizing-hemp/

[Anonymous No.21498618]

>>21498537
>gold is only up due to corona, bro
Lol you are so unbelievably fucked you have no idea

[Anonymous No.21498691]

>>21498586
>lmao you're wrong
Except im not, keep sucking central bank cock though.
When Austrian economics was applied in America we had a massive increase in living standards and production.

[Anonymous No.21498717]

>>21498446
and
>Bill provisions include shortening federal three-strike drug penalties from life in prison to 25 years, reducing two-strike drug penalties from 20 years to 15, allowing a firearm sentencing enhancement to run concurrently with the underlying penalty, and allowing retroactive sentencing for crack cocaine cases judged under tougher historical laws.

>"The legislation fixes some longstanding problems in the federal criminal justice system," said Joe Luppino-Esposito, director of rule of law initiatives at the Due Process Institute. "President Trump wants law enforcement to expend its resources on stopping violent criminals and drug cartels, not warehousing small-time, nonviolent drug offenders."

https://www.washingtonexaminer.com/news/white-house/trump-embraces-prison-sentence-cuts-as-right-thing-to-do-true-bipartisanship

[Anonymous No.21498753]

>>21498691
>Except im not, keep sucking central bank cock though.

[Anonymous No.21498768]

>>21498366
yeah.

[Anonymous No.21498786]

>>21496501
if you have a big LINK stack and it hits $100-$500 and you want to cash $5M out before an inevitable correction you are fucked. This affects a lot of /biz/ you reddit faggot

[Anonymous No.21498802]

>>21498618
The tide is already turning against gold, but wateva.

[Anonymous No.21498865]

>>21498031
Could you show me or link me to some of these ideas/people? Though I do not believe what you are saying is true there is obviously a reason you are saying it. I will read with an open mind.

[Anonymous No.21499000]

>>21494163
>we're headed to european tax levels
fuck

[Anonymous No.21499021]

>>21498753
>nazi germany decreased unemployment by monopolizing currency, printing money and creating works programs

WOW Nazis were economic geniuses, it's not like this hasn't been tried a MILLION FUCKING TIMES in history and isn't currently how the global financial system works or anything? HURRRRR

But seriously, you're braindead, this is literally what FDR did and it's why he should have been assassinated. Creating destructive malinvestments can decrease unemployment in the same way printing money to pay people to dig holes and paying others to fill them back up does.
It's not PRODUCTIVE work and it shifts resources away from actual production.
Keep thinking GDP is a legitimate economic metric though.
You believe the same bullshit the federal reserve has been spewing, you're just a leftist mr. national socialist. No wonder you want to tax crypto gains.

[Anonymous No.21499034]

>>21498865
Henry George
Silvio Gesell
John Maynard Keynes
Hjalmar Schacht
Michał Kalecki
Hyman Minsky

[Anonymous No.21499103]

>>21499034
>keynes
LMAO
The entire global economy runs on what is essentially keynesian thought.
You people are brainwashed bootlickers and you're global financial system is about to come crashing down.
Kill yourself

[Anonymous No.21499155]

>>21499021
>in the same way printing money to pay people to dig holes and paying others to fill them back up does
lmao this was literally an example keynes used to describe gold mining during economic depressions when gold=money and how pointless it was. It's hilarious how austrians cluelessly misuse and misinterpret this continuously