Trump Wants To Cut Capital Gains Taxes To Boost Midterms

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u/Koraboros 1 20 hours ago

Wouldn’t this tank the market? I’d liquidate if this happens lol. I need the money anyways so that’s a compelling reason but just lower taxes in general would help

u/Harrigan_Raen 1 20 hours ago

Maybe in the immediate it might cause a minor down turn, but I mean what else are you going to do with a giant pile of cash just sit on it?

u/azure275 1 19 hours ago

It'll crash the market when the 10 year treasury hits 5% for the first time since 2002. This would tremendously increase the deficit and government debt The market *REALLY* doesn't like that.

u/Brewmentationator 1 19 hours ago

It's super fun when you coincidentally liquidate right before a tank/crash. I lost my job and liquidated everything after 6 months of being seriously underemployed. That liquidation happened early February of 2020. Then I got hired like 3 weeks later. I didn't reinvest, because I was waiting for my first paycheck. Ended up making a killing and reinvested in like April/May of 2020. The best fucking luck.

u/ToastBalancer 1 17 hours ago

So people can sell now instead of a few months from now and you think that would crash the market? In that case it would just crash a few months from now if true

u/adonaldson14 1 20 hours ago

“Dark side” lol touch grass

u/Droo99 1 20 hours ago

Helping the little guy as usual lol

u/goxpro1 1 19 hours ago

The average american will save 10 bucks and the billionaires will save 20 trillion

u/MiddleAgedSponger 1 19 hours ago

Only 5-15% of American's claim capital gains in a given year. The number who pay is even smaller considering some are in the "0" bracket. The Top 1% account for 75% of all capital gains. They already get a discount on their effective tax rate, this is stupid and suicide for the GOP. I hope they try, might be the Dems best chance at getting a super majority.

u/azure275 1 19 hours ago

The average American will lose 1000 bucks off the market crash this causes. There won't be any capital gains lol

u/[deleted] 1 19 hours ago

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u/FineCall 1 18 hours ago

The billionaires fuel innovation and wealth building.

u/[deleted] 1 18 hours ago

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u/Foundersage 1 17 hours ago

If the average American saved $500 a month for 40 years they would $2.6 mil assuming no great depression. They have to live below their means

u/KimJongTrill44 1 15 hours ago

I thought the wealthy didn’t pay taxes tho, so wouldn’t this not impact them at all?

u/Odd-Finger-4693 1 20 hours ago

Trying to buy this idiots to make them forget they are paying 5 dollars for gas 🤣

u/yourMommaKnow 1 20 hours ago

I would love that! But I would prefer the Orange Rapist resigned

u/aaron1860 1 15 hours ago

It would trigger a massive sell off of stocks because everyone else would do the exact same thing. Your gains would be wiped out overnight

u/OilMany1117 1 20 hours ago

This would tank the markets and economy

u/lbjazz 1 19 hours ago

Yeah I don’t get all the comments. The moment there’s an opportunity to pay less in tax on a stock sale, literally everyone will, in recognition that it is a once in a lifetime opportunity, just try to sell to lock in that rate on their gains. That will immediately drive prices down. And of course many more will want to buy at bargain prices. There would be some equilibrium at a dramatically lower price but significant chaos getting there. Of course this does nothing for accounts already tax advantaged, so the real result is that people who are liquid have a messy few weeks and everyone with a retirement account sees its value slashed.

u/azure275 1 20 hours ago

Do you *really* think there are people who don't invest because of capital gains taxes? Lol. Won't do much for the market positively What it WILL do is raise the rates on the 10 year bonds and 30 year bonds significantly higher, raise everyone's car/mortgage loan rates, and crash the market due to inflation fears since the deficit will skyrocket A lot of rich people will make a lot more money though, which is I guess what's truly important

u/Productpusher 1 19 hours ago

There are a lot of morons out there who “ Won’t cash out because they have to pay taxes “ It’s the same thing

u/Fabulous-Parfait2331 1 19 hours ago

The biggest moron of all is Warren Buffett. He never sell.

u/Ripoldo 1 19 hours ago

95 years old, worth 150 billion. What an absolute tool or a moron, he thinks he's going to be the first guy talking it with him?

u/Odd_Glass5272 1 17 hours ago

His average holding is 7 years.

u/Rum_Hamburglar 1 15 hours ago

Theyre the same people who dont want a raise so they dont end up in a higher tax bracket.

u/gayteemo 1 19 hours ago

this is hilarious because capital is what needs to be taxed more than anything right now. capital gains should always be taxed as income and step-up basis should be eliminated.

u/teacher_59 1 19 hours ago

Why do you want to discourage investing and saving?

u/gayteemo 1 19 hours ago

why do you want to punish labor? see how stupid that argument sounds? we shouldn't even be discussing tax cuts with the debt we have. absolute fucking lunacy.

u/teacher_59 1 18 hours ago

Increasing taxes on workers that were responsible and save for retirement is the exact opposite of what we need to do. We should stop discouraging savings. Bernie Sanders attacks on IRA is ridiculous. Him being against him is wrong but him telling us we have no right to say retirement is just too authoritarian.

u/Longjumping-Ad514 1 19 hours ago

There is no reason really to lax labor more than capital.

u/HardlyDecent 1 19 hours ago

Oh, there's definitely a reason. It's just not based on common sense or good will.

u/havoc1649 1 19 hours ago

He’s wanted that to happen for decades - long before being President. It won’t go anywhere.

u/Odd_Glass5272 1 17 hours ago

Taxed more? Seriously?

u/Sufficient_Habit5091 1 15 hours ago

100%.

u/dabocx 1 19 hours ago

There’s people who turn down raises because they don’t want to go into another bracket. I wouldn’t be surprised if some people don’t invest because they would have to pay taxes. I’ve learned not to underestimate how bad people can be when it comes to finances

u/azure275 1 19 hours ago

Yes I'm sure there are some idiots out there But you have to also believe there are so many people with such substantial assets they are capable of moving the market lol. That's what I don't believe

u/-Invalid_Selection- 1 19 hours ago

Those people are stupid. Of course it's deliberate. Over 30 years ago the gop was running ads telling people that they'd take home less if they got raises in order to push for tax cuts. People who were too stupid to breathe on their own believed them then, and still do today.

u/CSATTS 1 19 hours ago

The number of people who think they'll have to pay taxes on their $1M inheritance is pretty damn high too.

u/Aeroheadss 1 18 hours ago

My inheritance will be in a traditional Ira. So yeah, we’re paying taxes.

u/REDDlT_OWNER 1 19 hours ago

I mean at a certain level you can get diminishing returns if your new tax is too much compared to the extra work

u/cvc4455 1 17 hours ago

You only get taxed at higher rates for income after you cross whatever threshold. I'm just making these numbers up but it works similar to this if you make 200k and the tax rate on 200k was 30% you don't pay 30% on the full 200k because there are lower tax rates below that. Let's say you pay no income taxes for the first 50k. Then you pay 10% taxes on money from 50k to 100k. So you've paid 5k in taxes so far. Then you pay 20% on income from 100 to 150k so that's another 10k in taxes so you've paid 15k so far. Then from 150k to 200k you pay 30% taxes and that's 15k so you've paid 30k in taxes total on 200k income. So that's really an effective tax rate you paid of 15% on all of your income so you won't ever not make more money when you get a raise at work even if you end up in a higher tax bracket.

u/Scared-Handle9006 1 17 hours ago

That was the best TL;DR explanation of how the tax system works I’ve seen.

u/thedialectitian 1 15 hours ago

False

u/newtybar 1 19 hours ago

Wait…it’s a ladder system…why would you do that?

u/RyuNoKami 1 19 hours ago

Because they don't understand that the upper tax bracket is only taxing the money above that bracket and not everything before as well. Or they strictly see the value and do not understand percentages.

u/Flat_Tire_Again 1 19 hours ago

I think those people who turn down raises because of higher taxes are about as common as unicorns.

u/erov 1 18 hours ago

I promise you they are out there. I've met at least two in my lifetime. At least that's what they claimed anyway.. now did it happen? I don't know.. it's one of those anecdotes that can never really be proven or disproven. But there are a bunch of people out there who really don't understand tax brackets in general.

u/cvc4455 1 17 hours ago

I know someone who says they turned down a promotion because it wouldn't have been worth it with the extra taxes they'd need to pay. For what it's worth I knew they were really stupid before they told me that.

u/erov 1 17 hours ago

Yeah, they are probably lying or dumb as hell.

u/misdirected_asshole 1 19 hours ago

This is absolutely the exit strategy for the wealthy to rug pull the market at no cost to them and leave everyone else screwed. Then they buy back after the crash. Rinse and repeat.

u/FineCall 1 19 hours ago

So you’re saying ‘profit for boomers is bad’?

u/[deleted] 1 19 hours ago

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u/FineCall 1 18 hours ago

Anybody? Just downvotes?

u/Vegetable_Lab2428 1 16 hours ago

Boomers have already profited, if they want to take their money out of the market they just need to pay taxes on the gains.

u/FineCall 1 15 hours ago

But we need even more.

u/Vegetable_Lab2428 1 15 hours ago

Great argument you got there. Is that it, you like money and want more of it? Fuck the consequences of it all.

u/FineCall 1 15 hours ago

The “consequences”? You mean, even MORE money?

u/TheJuiceIsL00se 1 19 hours ago

9/11, 2008, Covid. Don’t retail investors see how valuable crashes are? No? Just “us?”

u/Excerpts_From 1 19 hours ago

If most market-making movements are not from retail, then why would the institutional investors class wish for a crash? The losses would come from within, and it could target them specifically

u/Bojanggles16 1 19 hours ago

When you're the one pulling the rug, you're not the one that's falling over.

u/[deleted] 1 17 hours ago

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u/chainer3000 1 19 hours ago

The problem is having capital after the crash happens, most people are already invested as much as possible

u/[deleted] 1 19 hours ago

[removed] — already gone when the archive first saw it

u/Aeroheadss 1 18 hours ago

That’s why people take loans.

u/Boiledhours 1 18 hours ago

Let me take a small loan of a gorillion dollars during this crisis please.

u/-LabApprehensive- 1 17 hours ago

Its called margin.

u/mansluxt 1 15 hours ago

Explain more.

u/slinkysmooth 1 18 hours ago

Dumb people…

u/misdirected_asshole 1 17 hours ago

Thats not why *most* people take loans

u/greenpride32 1 18 hours ago

Well that's your issue then. I've always kept some amount of dry power as part of my "emergency cash" funds.

u/-LabApprehensive- 1 17 hours ago

I keep my dry powder where it belongs….. dripping down the back of my throat thank you.

u/Academic_Librarian75 1 17 hours ago

The problem is human psychology once you hit 10-20% losses on your port, you don’t know when the bottom is and you don’t know when the recovery starts. And you will have multiple head fakes both ways.

u/stubble3417 1 18 hours ago

Crashes ruin people who don't have a dollar invested because of loss of jobs, equity, etc. People with money to invest will be mostly fine during a crash, it's everyone else that is screwed. It's crass to trivialize these mass death and devastation events as "buying opportunities."

u/Scared-Handle9006 1 17 hours ago

It’s fucking evil.

u/stubble3417 1 17 hours ago

Yeah, I tend to understate things.

u/Redraft5k 1 17 hours ago

See I don't understand why people don't follow these crashes even at a lower level. Do I like PLTR as a company? No. But once I started hearing about it, I was sold. I ended up with a cost basis in the 30's. Last RE crash I purchased a home in La Jolla CA. in 2008. I Sold it for 3x what I paid in 2022. I feel like I as a person have no impact on what's gonna go down or not, so instead of beating em, I join em. (Stock wise) That all said, I am older, have a lot of money, and am in the position where Cap Gains write off's would be welcomed.

u/throwaway2676 1 19 hours ago

They tried that last year after liberation day. If retail keeps buying, they actually just end up selling low and buying high

u/bhenghisfudge 1 19 hours ago

Ding ding ding

u/greenpride32 1 18 hours ago

Since the broad market index has trended up over time, you only "lose" if you sell out at market crash lows. Now you might have a point if the market only went sideways and in that case wealth redistributes. But if you just buy and hold (invest) you get to partake in net worth increase too.

u/ConcentrateLanky7576 1 18 hours ago

If you can afford to that is. Regular folks need to pay their mortgage, put food on the table, deal with job loss or even potential job loss, deal with unforeseen medical expenses. When shit hits the fan, many people can’t afford to just wait it out. A lot also panic 🫨

u/misdirected_asshole 1 17 hours ago

Losses aren't only measured in dollars. You can measure them in time. The time it takes for your investment to recover can be time you have to make hard choices because you dont have sufficient retirement income. It could be time you have to wait to purchase a home. It could be additional years you have to work because your balance isnt high enough for you to forego a steady paycheck. Its not all measured in dollars. Also when your actual money loses value because of a market crash, having additional funds to invest is much less likely. Not everyone has a budget comfortable enough to just hold for "buying opportunities"

u/Odd_Glass5272 1 17 hours ago

Exactly 💯

u/paq12x 1 12 hours ago

The idea is to index the capital gains for inflation (and also raise the exemption for home sale gains) Basically, if you realize a gain of $100 for 2026 and inflation is eating $5 of that, then your taxable gain is $95.

u/TheOGZenfox 1 12 hours ago

Does my paycheck get a tax cut based on loss of buying power from inflation?

u/paq12x 1 12 hours ago

That’s what raises are for. If you play the game right, your “net” should be the same at least. My standard of living has changed with the current inflation.

u/ham_sandwedge 1 19 hours ago

I've got several hundred thousands in gains in stocks that I think are way overvalued so I for one would sell if this were to pass (it won't)

u/2beatenup 1 19 hours ago

Yup my first thought on reading this was I AM GETTING OUT!

u/vava2603 1 19 hours ago

ready to sell !

u/UpTheDumpIsRetarded 1 19 hours ago

I’m actually impressed they keep coming up with ways to bribe the prospective voters with false promises.

u/2beatenup 1 19 hours ago

Yes sir

u/PurpleZebraCabra 1 17 hours ago

If you do, do it before election day so the market will crash and we can blame it all on Trump before more Republicans get elected.

u/Cisco-7 1 16 hours ago

And then you’d get right back in right?

u/2beatenup 1 15 hours ago

Perhaps in to treasury bonds for a while till the dust settles

u/Cisco-7 1 15 hours ago

It’ll maybe drop for a week then skyrocket to all time highs.

u/Dr-McLuvin 1 19 hours ago

Ya same I would cash in pretty much all my gains if this happened. I actually think capital gains taxes should be taxed the same as regular income tax.

u/Jmcdude1 1 18 hours ago

Then you’re a democrat

u/Odd_Glass5272 1 17 hours ago

Ughh

u/DorianGre 1 15 hours ago

Same. Income is income. If anything, money from working should be taxed at a lower rate. 15% for money your body makes, 37% for money your money makes.

u/GeekSumsMe 1 19 hours ago

Yep, so we give more tax breaks to people who don't really need them and crash the market due to people on imw yourself. About the level of genius we've come to expect from this administration.

u/PoopyisSmelly 1 17 hours ago

Itd actually very likely increase market breadth as people could sell the biggest market cap stocks and buy new equities. Not to say its a good idea though

u/Cisco-7 1 16 hours ago

Why would the market crash?

u/_AntiSaint_ 1 15 hours ago

Presumably the sell pressure would drastically drop prices and begin to shake out leveraged hands that get margin called and forced to liquid (thus adding more selling pressure to the same problem)

u/Cisco-7 1 15 hours ago

If people did sell, they’d immediately get right back in and by starting at a zero basis. The market may drop a little and have ups and down for a few weeks then it would proceed to all time highs

u/Former_Star1081 1 13 hours ago

Would EVERYBODY? This is a wild assumption. Some would of course, but some also would not do it. You are just betting on the ratio. If you wait 1 day, 2 days, 3 days, 2 weeks before buying back, it could already lead to a down spiral. I don't think it would be that big of a deal in both directions tho.

u/Mister__Mediocre 1 12 hours ago

Crashing the market also hurts those same people, it goes both aways.

u/Glittering-Quote-635 1 19 hours ago

In the meantime though, this is going to juice the market, as if this is even a possibility people will be reluctant to sell.

u/JigWig 1 19 hours ago

I’m sure you’d also immediately buy back in though.

u/ham_sandwedge 1 19 hours ago

Ya, different companies. And ST bonds

u/CCWaterBug 1 18 hours ago

I have about 175 I've been sitting on for years, I'd be all over that, and I'd most likely reinvest the majority, but a tax break would be sweet

u/Templar_110 1 18 hours ago

Set a stop loss in case.

u/ham_sandwedge 1 16 hours ago

If I'm not selling now, why would I see after they're down 10,20, 30%? Bonds are my downside protection. Stocks will do what they do

u/-LabApprehensive- 1 17 hours ago

15% is stopping you from selling something “way overvalued” people are so strange about taxes.

u/ham_sandwedge 1 16 hours ago

It's 20% top marginal cap gains, 3.8% NIIT (23.8% fed) + 11.3% state. Plus I don't know for sure whether earnings catch up to valuations. So having a 35% handicap definitely influences the decision, but doesn't make it. I would certainly at least trim AVGO, LRCX, AMAT, ASML and a few others without this. But for now we let it ride

u/aaron1860 1 15 hours ago

It would incentivize everyone to sell. You reset your cost basis when you sell and can just buy a different fund, this time with 15% more. this would trigger a massive sell off

u/TailRudder 1 17 hours ago

Or they'll make it impossible for regular people. It's all a scam for election

u/Redraft5k 1 17 hours ago

I have Apple cost basis of 9.00 a share from 96. I need this to happen. lol.

u/Cisco-7 1 16 hours ago

And then you’d buy right back in and start at zero capital gains

u/sneaky_sam_ 1 19 hours ago

Except rich people already are making a lot of money, and more importantly they were (likely) already voting trump.

u/NegativeChirality 1 19 hours ago

This might actually just outright crash the market. A flood of people saying "fuck it I'm getting out while I can"?

u/Blackout38 1 19 hours ago

I’d think it would actually lower rates because people that exit the stock market would just go sit in bonds. Alternatively it would boost the market be lowering the risk free rate of return for models while justifying more leverage.

u/azure275 1 19 hours ago

The further into debt the US government goes the more scared the bond market gets. The US government collects about 270B per year of capital gains tax. This would singlehandedly increase the deficit by 15%

u/Blackout38 1 19 hours ago

The US government debt is a way to export dollars and it’s mostly held by Americans that would also be the ones taking cap gains a rotating into bonds. You can say the deficit would increase all you want but you have no proof because for all you know tax receipts would increase to more than offset the cut.

u/[deleted] 1 19 hours ago

[removed] — already gone when the archive first saw it

u/-LabApprehensive- 1 17 hours ago

Ok so cutting cap gains rates to zero is going to increase taxes collected on the volume of cap gains tax collected? What?

u/Blackout38 1 17 hours ago

Is that what I said? News to me. Reducing cap gains would increase taxes collected by cap gains the same way a company makes more money cut prices i.e. velocity increases. Eliminating cap gains increases taxes collected through other taxes. Cap gains is a deadweight since it locks in capital that could be used more efficiently.

u/-LabApprehensive- 1 17 hours ago

Oh look it’s Mr. Laugher himself back from wherever neocons go when they die.

u/Blackout38 1 17 hours ago

Oh look Mr. Can’t Read so he can make up his own argument to debate

u/jcast895 1 19 hours ago

More money for me. More money is in my interest. I vote with my interest. I therefore will vote for republicans again. Simple.

u/azure275 1 19 hours ago

You will not have more money Similarly to how yes, you got a bigger tax return from Trump's tax bill, but you paid 3x as much in tariff costs

u/Bleacherbum95 1 19 hours ago

Didn't matter what came after "Are people really stupid enough." The answer is always yes, and that's the problem.

u/elevatiion420 1 19 hours ago

Most people are too stupid to understand government debt. Yes

u/John_the_IG 1 19 hours ago

Educate me. Why would cutting the capital gains tax increase bond rates. Not disagreeing, just want to understand.

u/azure275 1 19 hours ago

The same reason long term treasury rates increased the last several times the government made what were perceived as bad decisions What happens is that people see the risk of massive debt -> more money printing because the govt can't sell bonds -> massive inflation -> suddenly in 10 years 4.6% return is actively losing money -> govt needs to sell bonds at higher rates to compensate for risk

u/SteveSharpe 1 18 hours ago

Cutting taxes raises the deficit, which forces the government to issue more debt, which makes the price investors are willing to pay for the debt go down, and when price of bonds go down, the yield goes up.

u/Touchmycookies 1 19 hours ago

Bro, the stock market doesn't care who invests but how much you invest. I can promise you that if capital gains were lower. Alot more rich money would flow in.

u/azure275 1 19 hours ago

Educate me. What are the rich people doing with all this supposed liquid cash right now?

u/caffeine-182 1 19 hours ago

lol the fearmongering

u/Akanan 1 18 hours ago

To answer your last question… Americans reelected Trump. I will not elaborate further more

u/himynameis_ 1 18 hours ago

Call me crazy but. I wonder if it will increase the amount of selling because of a reduced "friction" from people selling due to no capital gains tax. Because people will assume that it won't last long and will soon go away, so they take their chance to sell asap.

u/tokmer 1 18 hours ago

Oh itll definitely have an effect Itll give republicans something to bitch about whenever democrats try to do anything and will give something for “centrists” to complain about all day on their way to vote republican

u/Betteroffbroke 1 18 hours ago

Just another way for the rich to avoid paying taxes

u/sky018 1 18 hours ago

Nah, debt needs to be bigger-larger, ever growing, than that of any rich person.

u/psellers237 1 18 hours ago

You give Trump too much credit, assuming something he says he’s actually going to follow through on.

u/psellers237 1 18 hours ago

You give Trump too much credit, assuming something he says he’s actually going to follow through on.

u/Few-Spot1905 1 18 hours ago

Yeah I don't think it'll get spy 800 lol no one would believe this is long term policy, if anything it'll trigger a crash as everyone this is "oh noes my time to cash out on lower cap gain rate"

u/dmsolomon 1 18 hours ago

Just out of curiosity why wouldn’t tax rates impact investment activities? People who invest view taxes as a cost. Raise the cost and risk tolerance goes down because the benefit is reduced. Lower the cost and risk tolerance goes up because there’s more of an upside to investing. It’s similar to stores putting items on sale. Lower the price in hopes of sales going up. So yes I would think investment goes up when capital gains taxes go down. Where do I have this wrong?

u/MennionSaysSo 1 18 hours ago

I think a lot of the middle class might like it. I have stocks i cant sell because I cant afford the tax hit.

u/RickDick-246 1 18 hours ago

If he does this, I am 100% exiting the market. I’ll get back in but I’ll take the tax free gains while I can. And I imagine a significant portion of investors would do the same so it would allow a lot of people to buy back in for pennys on the dollar.

u/[deleted] 1 18 hours ago

[removed] — already gone when the archive first saw it

u/Sufficient_Habit5091 1 18 hours ago

We need to raise capital gains tax, not lessen it. Everyone has the mindset of "if it isn't nailed down, steal it before someone else does." No one cares about making the country even pretend to be sustainable.

u/Odd_Glass5272 1 17 hours ago

This is a stock investing sub

u/No-Reaction-9364 1 17 hours ago

I want to exit an investment but havent due to capital gains tax I would pay.

u/Brown_Sandals 1 17 hours ago

*Are people really stupid enough to think skyrocketing the government debt even more is not going to have any effects?* Yes, yes they are.

u/zilla82 1 17 hours ago

Can you ELI5 the bonds comments please? I am unfortunately very ignorant about their measures and what they indicate.

u/OmahaBuff 1 17 hours ago

Agree, it is extremely reckless. The funny thing is the people whose votes he is chasing probably will not be impacted one way or the other but they'll call it a win.

u/GerryManDarling 1 17 hours ago

All those things you described would never happen before the midterms, and perhaps even longer. US credit isn't infinite, but it can easily last longer than his term or terms. It will eventually crash, but he'll be long gone, and the blame will fall on whoever is in power at that time.

u/Sea_Hold_2881 1 17 hours ago

I suspect Trump met with his accountant who told him he will face a huge tax bill for all of the capital gains on all of his insider trading and he decided it would be great time to reduce his personal tax bill. There is no higher purpose or economic rational.

u/ohno1tsjoe 1 17 hours ago

Yeah the same people that get outraged when there’s talk about raising taxes on high earners

u/Biberal_Litch99 1 16 hours ago

Brother the rates are already high as shit and if you think reducing capital gains is going to unravel the economy you’re dumb as hell

u/mastercheof 1 16 hours ago

Yes. People are stupid enough

u/Cisco-7 1 16 hours ago

What of the cut spending?

u/DorianGre 1 15 hours ago

This is just for the wealthy to bail tax free before the AI bubble pops.

u/No_Amount_7886 1 15 hours ago

I mean, those assholes are already voting for him anyway so it doesn’t gain him anything.

u/Pepperonidogfart 1 13 hours ago

The republicans do everything in their power to destroy the country every time they gain power because when Ds get into leadership it takes 4 years of undoing all of their criminal bullshit to stabilize the country again. And as tradition the Rs blame Ds for economic slowdown and get elected again bacause people at large have no long term tmreasoning abilities.

u/Mister__Mediocre 1 12 hours ago

People definitely hold on to stocks longer than they want to because of capital gains taxes. Especially due to the step-up basis laws, the optimal thing to do is often to hold on your biggest gains until death.

u/Foe117 1 20 hours ago

If he does, I am wholly incentivized to cash out for the year, or at least at the end of it to let it lapse and re-enter the market at my discretion.

u/kjmass1 1 20 hours ago

“Pledges.” Just trust me.

u/AdventurousLet548 1 20 hours ago

Cutting more taxes while the deficit keeps growing! It’s like paying the minimum balance on your credit card.

u/CP_Rail_8514 1 19 hours ago

With another credit card.

u/vetruviusdeshotacon 1 19 hours ago

Now *that's* circular financing

u/ecleipsis 1 20 hours ago

I would agree with this particular policy yes. I’d like it even more if he proposed no cap gains until the money leaves the brokerage. Taxes when reallocating positions is ridiculous.

u/HistoricalBridge7 1 19 hours ago

I can tell you some of the largest brokerage firms are not even about to track wash sales when you have more than 1 account. No chance they can track when cash leave due to a gain.

u/FederalLobster5665 1 19 hours ago

I think what you mean is we should just have a national sales tax and eliminate capital gains taxes completely. that would be terrific for everyone except middle/ working class people.

u/OSPF99 1 19 hours ago

Yeah we just have a 2.1 trillion budget deficit, lets cut more taxes!

u/vetruviusdeshotacon 1 19 hours ago

Make canada and mexico pay the tax bill

u/ecleipsis 1 18 hours ago

The root of the problem is spending not taxation.

u/-LabApprehensive- 1 17 hours ago

Is it? We did round after round after round of tax cuts like clockwork since Reagan. Big tax cuts. The debt exploded. Lets go abead and reverse a couple of those.

u/throwaway2676 1 19 hours ago

Or at the very least get rid of wash sale nonsense. I might hold my nose and vote for his trash endorsements for that alone

u/jsnoopy 1 19 hours ago

Gross

u/AdMiserable6896 1 17 hours ago

If you have paper hands and fomo thats on you.

u/Little-Somewhere6076 1 20 hours ago

The US has a more progressive tax system than Canada or European countries. The rich in the US pay a larger share of the taxes than they do in any other OECD country. It seems reasonable to me to want to target a tax distribution that moves towards Canada or Australia. Since you seem to disagree, why?

u/Kickinitez 1 19 hours ago

Your comment is complete bs and you know it.

u/Little-Somewhere6076 1 19 hours ago

https://www.cato.org/blog/united-states-h… Here is a study. If you think that is BS, share which study refutes it. Either you have a source saying that mine is false, or you're full of bs and you know it

u/Kickinitez 1 19 hours ago

Anyone can be told to pay taxes. It doesn't mean they pay them. I know a tax lawyer. His job is to make sure his very wealthy clients don't pay taxes.

u/Little-Somewhere6076 1 19 hours ago

You think it's bs to believe a study because you know a guy who says he knows people who don't pay taxes? I think its bs to claim that evidence and data are wrong because a friend of a friend told you so. I also think it's bs to believe that I believe that your 2nd degree anecdote is more credible than evidence

u/Dragon-and-Phoenix 1 19 hours ago

The rich have a fun way to avoid paying taxes. Their wealth is tied up in stocks, so they just borrow against those stocks. Since loans are not income, they don't pay taxes on it. Borrow from other stocks to pay off the loans. They pay a lot less in taxes than you think, sometimes even zero. They pay people to figure out loopholes to avoid paying taxes. If we stopped allowing this practice then they would be forced to actually pay taxes, and we would have a much lower deficit or none. Or if we started taxing them based on their net worth instead of their income, we could stop the tax dodging.

u/Little-Somewhere6076 1 19 hours ago

Since capital gains doesn't apply in your example, clearly changing the rate doesn't matter. But what share of tax do you think the rich pay?

u/Dragon-and-Phoenix 1 18 hours ago

Define rich. To get into the Top 1% you need to make about $675k, and that group pays about 38% of the share of taxes. That's not the income threshold most are talking about, though. Bump that threshold up to a billion, and many of those folks are paying an effective income tax of only 8%, lower than almost everyone else. As far as the share of overall taxes that represents, that number is not readily avaliable. They are paying a lower tax rate than you and I, and that should be irritating.

u/Little-Somewhere6076 1 18 hours ago

Define rich.

You introduced the term, what's wrong your definition?

They pay a lot less in taxes than you think

What do they pay, whoever you define them as?

many of those folks are paying an effective income tax of only 8%, lower than almost everyone else.

Source? Especially since most people pay a higher rate than that. I'll share my Source if you share yours

As far as the share of overall taxes that represents, that number is not readily avaliable

Then how can you say they dont pay enough?

u/Dragon-and-Phoenix 1 18 hours ago

!remindme 12 hours

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u/Little-Somewhere6076 1 18 hours ago

They are paying a lower tax rate than you and I, and that should be irritating.

Wild, you literally have no evidence for this claim

u/Dragon-and-Phoenix 1 18 hours ago

How about I'm extremely tired, I'm fighting to corral four cats, and I'LL FUCKING RESPOND TOMORROW YOU FUCKING TWIT.

u/[deleted] 1 18 hours ago

[removed] — already gone when the archive first saw it

u/Dragon-and-Phoenix 1 18 hours ago

\>Define rich Income of $1 billion They pay between 8-24% individual tax rate, based on their method. Most people pay around 30%. Wealth is rewarded, hard work is taxed. [https://bidenwhitehouse.archives.gov/cea/…) https://www.oxfamamerica.org/explore/stories/do-the-rich-pay-their-fair-share/ https://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/ Many have paid zero taxes in certain years. [https://finance.yahoo.com/personal-financ…) https://finance.yahoo.com/news/billionaires-ve-paid-0-income-180649570.html [https://www.propublica.org/article/the-se…) Please sir, may I be permitted to go to bed? I am ever so tired. I have been up for 18 hours, have finished corralling four cats who demand to be fed but then scatter, and they will be ever vocal about their hunger at the crack of down, trying to convince all within several miles that I never feed them and protesting their diet with all the conviction and strength of their ancestors. These billionaires demand that I must rise with the sun and work very hard for them so they can afford a 6th villa and a 3rd yacht with which to get there. I will endeavor to find the time and energy to find the exact figure you are asking for, if that is permissible, even though my argument was centered around them not paying their fair share, meaning the same rate as us. The exact data you are requested, and that I was not referring to, is not posted anywhere that I can readily find in my fatigued state.

u/Little-Somewhere6076 1 18 hours ago

https://taxfoundation.org/data/all/federa… Do whatever you want. But it appears the bottom 50% pay 3.7% rates, so I still have no idea why you think they pay more than 8%

u/Dragon-and-Phoenix 1 17 hours ago

The bottom 50% covers everyone making $50k or less. There are a significant number of people below the poverty line with tax exemptions that are lowering that average significantly. I can assure you that anyone above the poverty line and with the exemption is paying far more than 3.7%. That's average. There is also a reason I went for the data about billionaires specifically. The Top 1% starts at $675k, which is not enough to play the games the billionaires play, and not the income level that anyone is complaining about.

u/Little-Somewhere6076 1 17 hours ago

You said

> Define rich.

You introduced the term, what's wrong your definition?

They pay a lot less in taxes than you think

What do they pay, whoever you define them as?

many of those folks are paying an effective income tax of only 8%, lower than almost everyone else.

Half the population is clearly not everyone else

u/Dragon-and-Phoenix 1 18 hours ago

I'll respond tomorrow, I'm heading to bed.

u/bchrisg13 1 20 hours ago

No taxes on tips and overtime!😂

u/JefeDiez 1 19 hours ago

Wait I thought he did this though? When I was asked to report my overtime taxed on my taxes last year, I did get a chunk back.

u/Reachin4ThoseGrapes 1 19 hours ago

Like every other tax cut for regular people, it's temporary, usually has a specific sunset clause involved, and comes with better, permanent tax cuts for the rich

u/Hobbes_121 1 18 hours ago

You can probably guess which year it ends so it can be used as a talking point

u/Sea_Particular9266 1 19 hours ago

He did. I hit the max for tax savings on overtime so it was very significant for my family.

u/Tackysock46 1 19 hours ago

It’s a tiny amount though. You only get the half portion tax free. So the overtime is not entirely tax free, basically a third of it is.

u/AnnaSmiled2 1 17 hours ago

Tiny? I got 10k back. God I work a lot of OT….

u/Cheap-Buffalo-7489 1 16 hours ago

That's better than nothing? I havent seen democratic party cut taxes EVER. I got back a large sum because I do OT.

u/jokull1234 1 19 hours ago

Don’t forget the tariff refunds and the doge refunds. I’m going to spend like I have these cap gains tax savings in my bank already!

u/RoaringPity 1 19 hours ago

how dare you forget about the "have kids for 5k check" refund??

u/OnwardSoldierx 1 18 hours ago

Thls literally happened though. People can nitpick the details but I got more money back at the end of the year

u/Nytemaresxbl 1 20 hours ago

The majority of his base wouldn't even know what a Captial Gains tax is anyways.

u/spressa 1 19 hours ago

They would only see "reduced taxes" not understanding the difference between tax types. Ppl already don't even understand their own personal marginal tax rates.

u/PostMatureBaby 1 19 hours ago

I don't even think most know what taxes are in general. They just think they're winning, that's all that matters

u/LibertyDNP 1 19 hours ago

lol the other side doesn’t even know what a women is, you think they know what capital gains tax are?

u/Nytemaresxbl 1 19 hours ago

What are you even talking about guy.

u/Popular_Tomorrow_204 1 20 hours ago

Prob just for himself though hahaha

u/Chrishall86432 1 19 hours ago

You’re 100% not wrong.

u/[deleted] 1 18 hours ago

[removed] — already gone when the archive first saw it

u/Brundleflyftw 1 20 hours ago

“Trump wants to increase the budget deficit again.” Got it.

u/2ManyCatsNever2Many 1 20 hours ago

how about the following: * release the epstein files * lower gas * fight inflation * boost jobs * end wars ...oh, wait...

u/ddwako56 1 19 hours ago

Sir the dow was 50000

u/[deleted] 1 19 hours ago

[deleted] — already gone when the archive first saw it

u/asdf2k7 1 19 hours ago

i initially read that as b00b jobs

u/PostMatureBaby 1 19 hours ago

Well most of Reddit is porn after all

u/FelixEvergreen 1 19 hours ago

Finally a policy i can get behind

u/2ManyCatsNever2Many 1 19 hours ago

in all honesty, i'd bet he promised boobs to some people.

u/throwaway2676 1 19 hours ago

Trump literally had a layup to a historically successful and popular presidency, and it’s actually impressive how thoroughly he’s managed to destroy his legacy instead

u/2ManyCatsNever2Many 1 19 hours ago

same the first time around. all he had to do was to get out of the way and people would have rallied around him the way NYC did with rudy after 9/11. he just sinply *cannot* sit down and shut up. even his investments - people have shown that if he just put the money his father gave him into an S&P 500 index fund he would have made more money. his dream was always to own an NFL team - he would have perfectly fit in with woody johnson or dan snyder - other shitty human beings who cannot get out of their own way.

u/TeraByteOfficial 1 19 hours ago

the president just doesnt "boost jobs"

u/2ManyCatsNever2Many 1 18 hours ago

i don't agree...but regardless, via doge he certainly terminated a bunch of them.

u/Sariscos 1 20 hours ago

Considering most Americans are not in a position to take advantage of this other than the rich, it is very possible. It also creates a market sell-off situation cause it creates a convenient off ramp for people with equity

u/thatguy425 1 14 hours ago

I am not rich and I can take advantage of this.

u/Jandur 1 20 hours ago

Yeah that will really mobilize the base and get swing voters to support Republicans.

u/Betteroffbroke 1 20 hours ago

Yeahhh the guy who has made over 3000 trades in his 2nd term suddenly wants to get rid of capital gains taxes - the most corrupt pos on earth, he’s so full of it that it’s literally seeping out of him while he sleeps.

u/paq12x 1 12 hours ago

The idea is to index the capital gains for inflation (and also raise the exemption for home sale gains) Basically, if you realize a gain of $100 for 2026 and inflation is eating $5 of that, then your taxable gain is $95.

u/Useful_Alarm730 1 19 hours ago

The homeless and the single mothers and the working poor will all benefit from this.

u/Gandalftron 1 19 hours ago

As will our surging national debt! Can't pay down debt without revenue. Another brilliant plan from the party of "Fiscal Responsibility"

u/ConversationPale8665 1 19 hours ago

Dumb af as usual. Hopefully he’s exhausted enough political capital on tariffs, the Iran War, and this ridiculous vaccine crap that he’ll have reall republicans opposition. I won’t hold my breath. It’s a freaking race to the bottom with this moron.

u/Heffe3737 1 19 hours ago

Like a pig at the trough.

u/meatsmoothie82 1 19 hours ago

All the broke rednecks who own zero assets subject to capital gains: “HELL YEA!!“

u/CosmicQuantum42 1 19 hours ago

It’s already over buddy. The die has been cast.

u/Mountain-Detail-8213 1 19 hours ago

The national debt doesn’t matter unless there’s a Democrat in the office. That’s when you hear all the screaming and pulling out their hair. Meanwhile, Trump added more to the national debt in his first term than any other president. Trump will add even more than any other president in this term to the national debt. In this case consistency is not a good thing. No worries, they’ll go ahead and pay off the national debt by cutting your Social Security that you’ve already paid for with the entirety of your wages. Remember the cutoff on Social Security after 173 at this point I believe. After that, all money is free from paying Social Security.

u/DizzyMajor5 1 19 hours ago

Republicans have no morals other than racism and hating people who are different you can beat them over the head with hypocrisy but they just care about demonizing other people they gladly elected a pedo over a woman who prosecuted pedos they have no moral compass. They shouldn't have been allowed anywhere near power after Bush.

u/Count-Aight 1 19 hours ago

Generalize much?

u/MetalEnthusiast83 1 19 hours ago

He didn’t say anything that wasn’t true. Modern republicans only believe whatever Trump tells them to.

u/slinkysmooth 1 18 hours ago

Pretty spot on generalization though. And if there are any Republicans who aren’t like that then they’re cowards for staying silent. Also, an approval poll I saw yesterday showed 75% of Republicans approving of the job he’s doing. So pretty spot on…

u/Assanater601 1 17 hours ago

You’re on Reddit man just skim over redditors talking politics.

u/Count-Aight 1 17 hours ago

Haha that’s great advice, I had to double-check which sub I was in. Can we just talk about STOCKS??

u/Limp_Coffee_6328 1 16 hours ago

Listening in Redditors on politics is like listening to the regards over at wallstreetbets on “investing”

u/[deleted] 1 15 hours ago

[removed] — already gone when the archive first saw it

u/Odd_Glass5272 1 17 hours ago

Bizarre rant for a stock investing sub

u/-LabApprehensive- 1 17 hours ago

Hes not wrong.

u/kooj80 1 18 hours ago

isn't this kind of a meaningless statement? I would assume that every new president adds more to the national debt than the previous president because of inflation...

u/-LabApprehensive- 1 17 hours ago

You would be wrong. Biden added less than Trump term 1.

u/Shmeepsheep 1 13 hours ago

And Bidens had the CHIPS and Infrastructure bill, so like 2.5 trillion was spending for actual investment in our own economy that would/did create meaningful jobs.

u/Gnomey_dont_u_knowme 1 16 hours ago

Clinton actually lowered it I believe

u/[deleted] 1 19 hours ago

[removed] — already gone when the archive first saw it

u/Fhyzikz 1 19 hours ago

This helps sell-side. Why would this be good for the longs? It's literally just to allow his friends and family an exit before the "dump" part of his pump n dump

u/eniLk_ 1 19 hours ago

Wonder what Trump has in cap gains 🤣

u/dude67344 1 19 hours ago

Why not no taxes on 401k withdrawals? That would actually help the middle class.

u/gizamo 1 19 hours ago

It would help them destroy their savings. Most people are stupidly impatient.

u/dude67344 1 18 hours ago

Most people are to stupid to realize, that if you don't tax that money , when you can retire, the amount of money you saved your entire life you can actually use.

u/gizamo 1 17 hours ago

Apologies. I initially thought you meant early withdrawal. Not sure why I thought that because you were perfectly clear. I just misread. Anyway, I'm with ya now, and I agree with your point. That'd help average people, and it wouldn't leach too much away from taxes. Cheers.

u/Dragon-and-Phoenix 1 19 hours ago

Roth or Traditional? Roth has no taxes on withdrawal once you are old enough because contributions were after tax.

u/dude67344 1 18 hours ago

I believe I said 401k withdrawals. If the government gave a shit about its people this would be the tax cut. It would help the middle class more than any other tax cut. Anyone older than 55 years old know this. P.S. about a third of your life will be in this age bracket.

u/Dragon-and-Phoenix 1 17 hours ago

There are Roth 401(k) plans. I have one. I make post tax contributions to my Roth 401(k) through my employer, and also to my Roth IRA with a brokerage. I do not plan on being able to retire at 55, and I now few who are. I do not plan on withdrawing from my 401(k) or IRA until retirement unless for an emergency, either.

u/padre727 1 19 hours ago

No

u/ixvst01 1 19 hours ago

Wouldn’t this incentivize mass selling? Especially if it’s temporary

u/jamieperkins9999 1 19 hours ago

Exactly, many dont sell at times as to not trigger capital gains tax. Be nice to trim some stock if i didn't have to pay tax on the gains...

u/pickle_pickled 1 17 hours ago

I've not sold anything in 11 years because of the tax implications. I would sell it all the moment it wouldn't affect me. It'd save me 80-100k instantly

u/CoincadeFL 1 17 hours ago

Your tax bracket wouldn’t go higher if you sold your stock and there was zero capital gains tax. It’d all be tax free. The only part of a sale that is taxed is the gains in a normal stock sale. So if it’s gone than your money from stock sale is completely tax free.

u/ixvst01 1 17 hours ago

But wouldn’t it push you into a higher tax bracket for earned income since your gross income would increase with the stock sales?

u/Hugginsome 1 16 hours ago

It doesn't count towards your income. It's a flat tax

u/thedialectitian 1 15 hours ago

False

u/Consistent-Shame-171 1 12 hours ago

Depends on if it is long term or short term gains. Short term gains are added to your regular income.

u/pickle_pickled 1 17 hours ago

I meant in the current state of taxes my tax bracket would jump likely to max without looking it up, so my taxes would be very high, even with long term stock

u/Hugginsome 1 16 hours ago

It has nothing to do with your income. It's a flat tax.

u/trader_dennis 1 15 hours ago

That’s not correct. There is a 15 percent and 20 percent cap gains brackets. There is also the 3.8 NIIT that kicks in at 125k / 250 joint tax.

u/beer_and_fun 1 15 hours ago

Also a 0% bucket for LTCG. And because nobody in the previous replies specified, there's also not a flat rate for STCG. So none of them are a flat rate.

u/chikunshak 1 13 hours ago

the "Obamacare tax"

u/taynt3d 1 15 hours ago

You are so wrong, lol.

u/cloud9ineteen 1 14 hours ago

It still counts as income and can push your income up to a higher tier at which capital gains could become taxable. Similar to 0, 15, and 20% today. Lowest tier being 0% doesn't mean that if all your income is capital gains, you can harvest an unlimited amount all at 0%.

u/Friendo_Marx 1 16 hours ago

You and an army. It could cause a crash. Sell now just in case.

u/Jimmy_Page_69 1 16 hours ago

And then you would dump it all back in when you the massive sell-off

u/Cisco-7 1 16 hours ago

Then you’d buy right back

u/PaperHandsTheDip 1 13 hours ago

Then rebuy everything back at a new cost basis so when the law gets reversed, you basically just saved yourself 80-100k+ in tax and remain invested

u/artvandalaythrowaway 1 17 hours ago

Especially if there’s a bubble and multiple signs that the administration that’s been manipulating the market has an inkling the music is about to stop. Dems win, he pulls the rug and collects profits.

u/vetruviusdeshotacon 1 19 hours ago

This will not just incentivize mass selling. This instantly boosts all your investments by the relative% gain from not paying the tax penalty. I am not american but I looked it up and long term capital gains for the rich are apparently taxed at 23.8%. Say i put 5 bucks into nvidia and now its 105. If i sell i get 100 - 23.8 = $76.2 Now this goes into effect. My investment now yields $100. That is 100/76.2 = 31% higher. If this goes through its as if the wealthiest peoples stocks jump 31% in an instant. If that's not an incentive i dont know what is

u/LostObjective49 1 17 hours ago

I think it will incentivize mass selling. With how often the political nature of America changes, if this would go in to effect I imagine it would be repealed by someone within the next few years. Mass selling now would lock in those gains, no matter what happens in a few years. i don’t know just my 2 cents

u/vetruviusdeshotacon 1 17 hours ago

Yeah i meant it wont *just* incentivize it, it will be a de facto mandatory sell for just about everyone.

u/yeahright17 1 15 hours ago

But also rebuying. I have no need for the money if get from selling, so I'd just sell and immediately rebut to reset my tax basis.

u/silchasr 1 15 hours ago

I'm not a stock or financial person at all but appreciate the memes but just wondering if my thought process is correct here. People will sell a ton of stock due to the increased value they'd get but then stock would drop in price and then you'd get people snapping up a whoole bunch cheaper shares? Would this basically mean a bunch of rich people are about to become a whole lot richer potentially and wouldn't this add to inflation?

u/yeahright17 1 15 hours ago

Yes, probably. But random folks like me can cut and resell quick enough that the overall stock drop wouldn't affect them much.

u/ILearnedSoMuchToday 1 14 hours ago

The whole system will be lock up before you can get your money back. This will be chaos.

u/opoeto 1 14 hours ago

Let’s assume u take out any notion about trading or investment and only look at this. you won’t see a drop or increase in price. The whole concept would be for the period of time will be people selling and immediately buying back, resetting their tax basis while maintaining their holdings unchanged.

u/[deleted] 1 14 hours ago

[deleted] — already gone when the archive first saw it

u/eindar1811 1 16 hours ago

Including guys like Musk, Zuck, and Bezos who sit on their hoard of stocks because it's cheaper to borrow against it than pay the tax. Shocker, another windfall for billionaires that will be sold as a tax cut for everyone.

u/cuteman 1 16 hours ago

That's silly. To pay a premium on a loan they'd need to sell shares which triggers a taxable event. They keep their equity in stocks because it's the safest best place to grow the money just like how it got them there.

u/-AC- 1 16 hours ago

With that thought process... you sell every thing now and re-buy instantly at either cheaper or same price... chances are you had capital gains that you dont pay and you start at a higher cost when it is repealed.

u/SylvesterStapwn 1 15 hours ago

Exactly this. It’s basically getting a free step up in tax basis

u/taynt3d 1 15 hours ago

This is what I’d do. It’s basically tax gain harvesting at that point.

u/cookingboy 1 14 hours ago

No it won’t. What am I gonna do with the millions of cash after selling? Losing it to inflation?

u/___Art_Vandelay___ 1 13 hours ago

Smart money would mass sell, then mass rebuy off that sell off. Not only avoid capital gains tax, but you'd reset your cost basis too.

u/Vegetable_Lab2428 1 16 hours ago

This is not fully accurate, you wouldn’t be taxed 23.8% of $105, you would be taxed based on the profit only. So the tax would be 23.8% of $5 profit. So $1.19 would be taxes owed.

u/justin107d 1 16 hours ago

You misread, the buying price is $5 not $100 like most academic examples.

u/justin107d 1 16 hours ago

A massive boost for 2-3 months then a massive crash back to reality the night before it ends. He could do it by EO and it will take SCOTUS about as long to rule on if it is constitutional or not. Wild idea.

u/baltimore198 1 14 hours ago

Not how taxes work. You subtract the cost.

u/helldrik 1 12 hours ago

Wouldn’t the tax be only applied to the gains you made ( the 5 bucks)?

u/Retr0scores 1 18 hours ago

Yea but then Elon gets to buy tesla shares at a discount after he liquidates some at the top.

u/Solid-Mood9571 1 18 hours ago

Who would sell if the market crashes though

u/pickle_pickled 1 17 hours ago

Everyone before it crashes. Then buy it way cheap

u/Bulky-Key6735 1 16 hours ago

He's making a compelling reason to pay for early access to his "truths" so you can frontrun the major market downturn, then pick up the pieces. Only problem is I don't have the 100k asking price. Guess I'm on the losing end

u/bawdiepie 1 14 hours ago

Everyone loses because of this guy and all the stuff he does. Some people just don't realise it because they're short sighted. Even if you're a billionaire or centimillionaire living in a civil, flourishing society, low on crime and full of well educated, well renumirated people with good healthcare and a stake in their society is actually much better for your quality of life and economic growth than some numbers in your bank account going up some more. But the US has become a country obsessed with greed.

u/lincoln929 1 17 hours ago

Exactly my thought

u/CarlosHDanger 1 16 hours ago

Or it could incentivize holding. Investors hoping to sell would be waiting for this tax bill to pass through Congress, which might mean a Waiting for Godot type situation.

u/alarmed-meerkat 1 16 hours ago

Given how unlikely this would stay in future administrations, yes. Everyone would sell if only to reset their cost basis.

u/alarmed-meerkat 1 16 hours ago

Wouldn’t people still be subject to state capital taxes? Generally, lower than Federal but still non-negligible

u/thedialectitian 1 15 hours ago

You have to pay those either way. The reduction in federal taxes would make it worth selling at lest to reset your cost basis.

u/Cisco-7 1 16 hours ago

Only if investors think the democrats will eventually up the capital gains tax which they’ve already done multiple times.

u/[deleted] 1 16 hours ago

[removed] — already gone when the archive first saw it

u/kilimtilikum 1 16 hours ago

Mass selling followed by mass buying of the same quantity to up my cost basis lol. Done in a week.

u/PaperHandsTheDip 1 13 hours ago

can be done in minutes lol.

u/Altruistic_Welder 1 15 hours ago

Not really. Any capital gains reform will be seen as a huge positive in the markets. Yes there will be those who will aggressively sell but they will buy back into the market. No one is hoarding cash. So the brokers will love this as there will be a lot of capital movement.

u/ConcentrateDirect523 1 15 hours ago

And home sales exemption is *in his mind* probably to allow disgruntled New York luxury 2nd homeowners get motivated to sell and escape *Pied-a-terre* tax? Millennials in New York would rejoice

u/Cisco-7 1 15 hours ago

No, well maybe for a second, then everyone would buy back in at a zero basis

u/es-ganso 1 14 hours ago

I would 100% sell to get out of an overweight position I'm in if capital gains taxes were reduced. With that said, reducing this tax is a terrible idea

u/real-darkph0enix1 1 14 hours ago

Bubble says what? Pop?

u/VoraciousTrees 1 14 hours ago

Yeah, they might be trying to tank the market so they can get carte blanche to spin up the money printer and hyperinflate the government debt away.

u/50_Shades_of_Graves 1 14 hours ago

That would be so fucking funny if he tried to give himself a boost and tanked the stock market (again)

u/Salt-Specific8814 1 13 hours ago

Which would tank the market and when dems win the election it makes it look like a market reaction

u/OrangeManBibi 1 13 hours ago

Buffet punching the air right now. LOL

u/esmifra 1 13 hours ago

It's because he isn't doing it for midterm elections he is doing it for himself, as another what to make a shit tone of money manipulating the market and this time with less taxes. Win win

u/No_Palpitation5558 1 12 hours ago

They could just mass sell and rebuy to harvest the capital gains while staying invested.

u/cryptopotomous 1 12 hours ago

Not as bad as the proposed wealth tax being talked about in California... We just need to simplify the tax code.

u/HeirOfHouseReyne 1 12 hours ago

That's the point. Anything Trump does is either to avoid accountability or to influence the sick market in his favor. He will have sold a lot of stock before they vote on this. Then he'll buy when they get reject the idea somehow.

u/[deleted] 1 12 hours ago

[removed] — already gone when the archive first saw it

u/ryuujinusa 1 11 hours ago

Yep. Inc market crash. He wants to do it for himself though.

u/BelladonnaRoot 1 19 hours ago

Probably only the top 5% of earners have any capital gains tax. I know this is the stocks Reddit and therefore we do…but lord this is an ugly look.

u/Passing_Thru_Forest 1 19 hours ago

Increase spending, decrease taxes, what could go wrong?!

u/SEQLAR 1 19 hours ago

More tax cuts for the rich.

u/sarhoshamiral 1 19 hours ago

Since I am thinking federal government doesnt deserve a single cent right now, sure go ahead. But I wouldnt still vote for any republican considering they are the reason for my first statement.

u/_Reporting 1 19 hours ago

I wish the standard deduction was separate for regular income vs capital gain. It’s really annoying that I have to do taxes on like 2-3k worth of transactions because I want to dabble in it

u/Flrg808 1 19 hours ago

I’ve thought for a while that a short term limit or elimination on CG taxes on rental properties would be good for the real estate market. Speaking personally, if we could sell our one rental tax free I probably would and just dump into SPYI. There’s probably a lot of 1-2 property landlords that don’t really want to be landlords.

u/jabsaw2112 1 19 hours ago

If he does this people will exit the market while the getting is good. There go my profits.

u/vetruviusdeshotacon 1 19 hours ago

The final rug pull

u/Shmeepsheep 1 13 hours ago

I promise all the large private funds will know about this 5 minutes before the general public and crash the whole market while retail watches it happen

u/Into-Imagination 1 19 hours ago

Do I want lower taxes? In a vacuum: sure! But there are plenty of things I want *more* than that - and getting those things will require the current slate of Republicans get fucked in the midterms. So no, a promise of lower capital gain tax won’t convince me to vote (R).

u/Not_Campo2 1 19 hours ago

Lmao, he’d present it before the election, not pass it before the election. Anyone thinking this is passing is clueless

u/khizoa 1 19 hours ago

if he cuts his dick off, that would boost midterms for sure

u/Drusgar 1 19 hours ago

Be careful what you wish for. Personally, I can see a time in the not-so-distant future when capital gains are completely abolished. As in, you pay the same taxes on your investment income that you pay on your payroll income. There's really no reason that I pay so much money for *working* and only a fraction of that amount for simply sitting and watching my stock portfolio grow. I guess America just loves trust fund babies.

u/BrightOnT1 1 19 hours ago

So he wants to continue to contribute to the deficit while protecting the ultra wealthy.

u/bobbo6969- 1 19 hours ago

This more seems like market crash prep. You don’t need to cut capital gains when you’re going to hold stocks. You want to cut capital gains before you’re going to sell a bunch of stocks. My read is he wants him and his friends to take profits, collapse markets when oil goes parabolic, pay no tax, the buy the dip before reinflating the bubble.

u/IdioticPrototype 1 19 hours ago

He'll suck your dick to stay out of prison.

u/FatFiFoFum 1 19 hours ago

Ending tax wouldn’t be enough

u/Coolguyokay 1 19 hours ago

Fuck no. Costing us more in tariffs and wars. Worst administration ever.

u/Budget-Ocelots 1 19 hours ago

lol. Poor people don’t have assets to sell.

u/winklesnad31 1 19 hours ago

When faced with record budget deficits and the largest wealth gap in a hundred years, what do you do? Double down! The wealthiest 10% of Americans own about 90% of all stocks. Just blatant pandering to the wealthy to create even bigger budget deficits, which can then be used to justify cuts to Medicaid, Medicare, and Social Security.

u/FineCall 1 19 hours ago

For any reason whatsoever, its a great idea.

u/Ok_Butterfly2410 1 19 hours ago

Yessss buy calls yessss

u/Tsakax 1 19 hours ago

This will totally help people that cant afford food they can just sell all thier stocks! /s

u/wifichick 1 19 hours ago

No. Even if it became reality - it would be temporary and screw some other needed project. Want my vote? Permanently fix SS without canceling it

u/lvruv69 1 18 hours ago

Goldwater was right — we should have got rid of SS or made it optional years ago. Rand taught us that the statist solutions never work but no one ever listens. Cut the taxes, AND cut the government spending. That’s the answer. But one is better than none.

u/cantcatchafish 1 19 hours ago

if you made 2 billion dollars in a year in the market you wouldn't want to pay that 1 million tax bill would you. God forbid that money go to the poors not like you!

u/losemgmt 1 19 hours ago

Cause the povvos have capital gains?

u/purplebrown_updown 1 19 hours ago

That won't help at all. That's only for his rich prick friends.

u/mediocre_remnants 1 19 hours ago

Would this make you change your opinions about him?

u/aaron1860 1 15 hours ago

It would crush you. Everyone else would have the exact same thought as you triggering the largest selloff in history. If you’re late to the party all of your gains are gone and probably a lot of principal when that stock price crashes

u/gorte1ec 1 19 hours ago

Wouldn’t this cause a massive sell off

u/bigdipboy 1 19 hours ago

You think the last 2 years have been sloppy and corrupt? Just imagine how he’s going to act after the election when he never has to face voters again

u/[deleted] 1 19 hours ago

[removed] — already gone when the archive first saw it

u/ArkhamKnight_1 1 19 hours ago

I really hope he does! Great for the rich! For those who are struggling, even if you have a 401k and are making money in the market, that money isn’t available without significant penalty. So another great break for the wealthy and another “in your face” for the working poor. It’ll just mean even less vote for the MAGAt party.

u/aaron1860 1 14 hours ago

It would be catastrophic for the rich. Hour one of this every single stock owner awake will sell just to lock in new cost basis or cash in the bonus money. You’d get the largest single day sell off in history and stock prices would fall rapidly. This would tank the economy, his rich friends and all of us too

u/planes01 1 19 hours ago

Only benefits himself. What a dbag

u/FineCall 1 19 hours ago

Exciting. This Boomer says ‘Cha Ching’.

u/-LabApprehensive- 1 17 hours ago

15% is all it costs to buy your soul.

u/FineCall 1 16 hours ago

?

u/DaddyDoLittle 1 19 hours ago

Anything and everything that comes out of his pursed asshole of a mouth that appears to be beneficial to anyone is a fucking LIE.

u/DA2710 1 19 hours ago

Let’s watch the Leftardia here find many ways they hate this ( as if they would ever have a capital gain issue). Because capitalism sucks and paying taxes is the best !!

u/vetruviusdeshotacon 1 19 hours ago

Lol boosting the effective wealth of the richest people on earth by 31% in an instant is "winning" huh? All empires eventually fall, I feel privileged to see it happen in real time

u/DA2710 1 16 hours ago

Privileged would be a great word for you.

u/Beetlejuice_hero 1 18 hours ago

FYI Biden voting counties represented 71% of America's GDP. Trump voting: not even 1/3. Even in 2024 - a terrible year for Democrats - Democratic counties still 62% of US GDP. i.e. Left*rdia are the "makers" and MAGA the "takers". No one likes paying taxes, frivolous person. But adults understand it's the price of civilized society. And the "taker" counties love love that juicy Federal money that flows their way.

u/DA2710 1 16 hours ago

I’m an adult, I have cap gains. Not sure why Biden matters to this conservationist. Has it ever crossed your mind once for a brief second, we don’t mind paying taxes generally. What we do mind is that money being wasted on portly DEI hires in emergency services. What we do mind is funding through Medicare the ability for a birthing person to attempt to become a non birthing person. We mind paying for bureaucracy that only gets larger and serves itself. We mind paying for those who came here illegally. And most importantly, we don’t trust you to be good managers of our money. You people don’t know what a woman is, you cheer when people are hurt that disagree with you, you all are mostly estranged from family. So sorry, we don’t want to give our money over to people who have demonstrated no ability to spend it wisely.

u/Vegetable_Lab2428 1 15 hours ago

So basically you want to control what other people do with their bodies. You fell hook line and sinker for all the bullshit political theater and identity politics and here you are trying to talk about taxes that you know nothing about. How about you don’t advocate for having the top 0.1% of the population own an even larger share of the wealth. I would personally benefit from this, but I’m not greedy to the point of mental illness so I can see how fucking stupid it would be for the country.

u/Bholt0303 1 19 hours ago

Literal terrorists in government

u/Mrsenorpls 1 19 hours ago

You guys have gains??

u/No-Reaction-9364 1 17 hours ago

If you dont have gains you are doing something wrong.

u/dead-first 1 19 hours ago

Dems would be taxing the shit out of us, God Bless Trump

u/irradiatedcitizen 1 19 hours ago

Lol. Jesus would have paid more taxes than trump and his billionaire buddies

u/-LabApprehensive- 1 17 hours ago

Voting for a known pedo for a 15% tax cut. Just gross.

u/Metron_Seijin 1 16 hours ago

The same people that would be investing in russian defense stocks if it were allowed. Morals or ethics dont matter to some people in the pursuit of money.

u/CortaCircuit 1 19 hours ago

Should be cut any way. The government didn't take the risk to hold the asset, investors did.

u/StockProfitGirl 1 19 hours ago

The U.S. has a huge deficit. You can’t give tax cuts out like Halloween candy…

u/Important_Cucumber 1 15 hours ago

GOP has been doing it for decades

u/optimaleverage 1 19 hours ago

Jesus he's putting a turbo booster on the market with this one. Can't say I love it, but I don't hate it either.

u/Aggravating-Let-2968 1 19 hours ago

I wouldn't vote for any Republican in this day if they flat out paid for my vote. The party of bootlickers and cowards.

u/jester9595 1 19 hours ago

What he really wants is for voters to ignore what a horrible president and person he is.

u/OkCelebration6408 1 19 hours ago

Always good to see cap gains tax go down, best going to 0

u/tkhan456 1 19 hours ago

Let’s make our debt even worse! Great idea