Trump Weighs Call for Capital Gains Tax Cuts

u/accrual_world 1 15 hours ago

Another one

u/CalebVanPoneisen 1 15 hours ago

You smart, you loyal, you grateful, I appreciate that.

u/Sybertron 1 14 hours ago

As Andrew Mellon did before the great depression

u/afrobotics 1 14 hours ago

you listen to podcasts, don't you

u/Sybertron 1 14 hours ago

Breaking points YouTube show is closest I get but usually watch it on YouTube

u/ApprehensiveSmoke720 1 13 hours ago

Can you share the link for the video on this topic?

u/nachograndpa 2 15 hours ago

Oh yeah! Can’t wait to benefit from this at all! (I work at Wendy’s)

u/UnrealConclusion 2 15 hours ago

He already passed on No Tax On Tips (Behind the Dumpster)

u/poo_on_my_scarf 1 15 hours ago

Just the tip?

u/Technical_Moose8478 1 14 hours ago

Ordering off the dollar menu?

u/UnrealConclusion 1 14 hours ago

Just don't touch the shaft.

u/ssgkraut 1 14 hours ago

Extra tips. Like buy 1 get 10.

u/nachograndpa 1 15 hours ago

The tips extract a heavy toll if you know what im saying

u/[deleted] 1 15 hours ago

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

u/WumboTactical 1 14 hours ago

I look at paystubs all day and it’s truly incredible how bad of a tax policy the no tax on tips/overtime thing is. So many of the people struggling the most in America working Wendy’s type jobs don’t get either. Just hammered by the FICA taxes that are crazy regressive and no benefits from the new tax policy. Meanwhile I make $75k and get overtime so I do benefit… but it’s not enough to make up for the fact that I get bonuses so my marginal rate eats away at my takehome regardless.

u/Less_Pumpkin_6834 1 13 hours ago

the combined employed + employer FICA tax rate of 15.3% makes working a W2 a stupidly bad financial move if you can get paid in other ways instead. just such hateful policy towards working wage earners

u/WumboTactical 1 13 hours ago

It makes a lot more sense if your employer 401 matches/pays for health insurance. Wendy’s jobs do not.

u/CalebVanPoneisen 1 15 hours ago

At or behind?

u/CBubble 1 12 hours ago

ork at W

Thats your fault!! Why did you not just get born into a rich family where you dont need to work. /s

u/Weekly_One8412 1 15 hours ago

disgusting

u/Interesting_Bar_8379 1 15 hours ago

Why? They've been lower in the past

u/Responsible-Pop-136 1 15 hours ago

youre confused why people dont like a tax cut for the rich?

u/mwdeuce 1 15 hours ago

I'd gladly take a capital gains tax cut for lower income brackets.

u/Responsible-Pop-136 1 15 hours ago

Sounds great, but we all know thats not what it will be

u/_BreakingGood_ 1 15 hours ago

Yeah, this wont be that

u/Interesting_Bar_8379 1 13 hours ago

I just looked at the numbers. Should benefit the top 20% the most. Is that not most of this sub?

u/FrothyEspresso 1 15 hours ago

They were lower but I’m pretty sure corporate taxes were much higher

u/FancyFeastBuffet 1 15 hours ago

When we are looking at potentially 50 TRILLION in debt?

u/PercentageOk2862 1 15 hours ago

Debt doesn’t matter! You don’t need money in 10 years! \-Leon Musk

u/[deleted] 1 15 hours ago

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

u/[deleted] 1 15 hours ago

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

u/Cappyc00l 1 15 hours ago

And the standard tax rates were much higher in the past. Want to raise those because “they were in the past”?

u/Interesting_Bar_8379 1 13 hours ago

Outside of war times they've generally been lower.

u/Interesting_Bar_8379 1 14 hours ago

Didn't realize that a sub dedicated to investing which always has capital gains would be so opposed to lower taxes on their gains. My bad

u/infomer 1 15 hours ago

His $1 bn heist needs a tax shelter

u/InkoBird 1 15 hours ago

Wouldn't this lead to a massive sell-off to take advantage of the discounted tax?

u/ForestPynes 1 15 hours ago

May create more liquidity in the market overall rather than just a broad selloff

u/-Sliced- 2 14 hours ago

Yup. People who sell won’t hold it in cash. Might actually make the market more efficient.

u/slip101 1 14 hours ago

That's good for egg and gas prices, right? Lol

u/Edgefactor 1 14 hours ago

Does efficient mean speculative and volatile?

u/CTRexPope 1 14 hours ago

Yes.

u/Former_Star1081 1 13 hours ago

Someone will hold the cash at any given moment. Right now someone is holding the cash to buy the potential sellouts because of tax credit. So the cash is already there. It does not make the market more or less efficient.

u/danfay222 1 13 hours ago

A mass sell off for favorable taxes, even if reinvested, would still result in a large reduction in working capital, as it will still incur lots of taxes. And for public assets the market is already efficient enough any increase in market efficiency will not overcome tax losses

u/King_olufa 1 15 hours ago

Wouldn’t people trade more frequently in hope of getting larger gains?

u/Varrianda 1 15 hours ago

To do what with the money?

u/Devincc 2 15 hours ago

Can finally afford your sister after getting nothing but your mum

u/CapitalClimate9639 1 14 hours ago

Fucking got his ass

u/floo82 2 15 hours ago

Wtf do you *think* people do with money?

u/Varrianda 1 15 hours ago

lol, this doesn’t impact retail traders

u/floo82 1 14 hours ago

Has it occurred to you that they might *spend* the cash?

u/Varrianda 1 14 hours ago

The hedge funds are just packing it up and retiring? I guess

u/enfuego138 1 12 hours ago

On what? An extra yacht?

u/Exquisite-Load8654 1 14 hours ago

Invest to generate a return so I can gloat

u/ClaymationDinosaur 1 13 hours ago

Poor people spend it. Rich people don't. That's the (a) problem with these people; they don't spend it.

u/dabblesest 1 15 hours ago

Money it you idiot!

u/OSUfan88 1 14 hours ago

To be fair, I’d sell and buy back just to reset my basis in case a future admin changed things.

u/Affectionate_Text_51 1 14 hours ago

No, you’re 100% correct. “If rich people have to pay taxes, they’ll stop investing “ is the biggest argument I’ve seen. This argument is complete horseshit. There isn’t a rich motherfucker alive that will stop trying to make more money because they have to pay taxes. Not a single one of them.

u/Affectionate_Text_51 1 14 hours ago

I’m agreeing with you, by the way.

u/ShinPosner 1 14 hours ago

Sell to harvest tax discount, rotate the money, buy back in 30 days later at higher cost basis.

u/Remarkable_Cat_8696 1 14 hours ago

Retails are gonna take profits and reinvest. Hedge funds too I suppose.

u/neotank35 1 13 hours ago

retail has profits? hahaha lol good 1.

u/callbobloblaw 1 13 hours ago

To realize accrued gains at a lower rate so that they can reinvest it at the current basis, allowing them to realize losses if the market has a downturn and/or minimize future capital gains once the rate is raised again.

u/uno_ke_va 1 13 hours ago

Isn’t there a wash sale rule to prevent that? (Genuinely asking)

u/callbobloblaw 1 13 hours ago

Yes, but that only applies if one rebuys the same security, it wouldn’t apply if one reinvested in different securities

u/Blah64 1 11 hours ago

Wash trade rules only apply to losses. Gains are fine, which would happen in this scenario.

u/Wyciorek 1 12 hours ago

So market neutral

u/PaperHandsTheDip 1 13 hours ago

They can wash trade shit resetting their cost basis - so no taxes are owed if the laws get reversed.

u/enfuego138 1 12 hours ago

It will increase volatility

u/calflikesveal 1 12 hours ago

Most rich people are heavily concentrated in one company and they sell periodically to diversify. Musk, bezos, zuck, they all do that. This will 100% help them.

u/Exquisite-Load8654 1 14 hours ago

Where do you stash all your new capital to generate a desirable return?

u/peepdabidness 1 14 hours ago

Probably pumping the market then will be pulled last minute. Get everyone to buy more on this anticipation

u/superpie12 1 14 hours ago

For some, but that would be more cash for investment diversity. Market then goes burrrr

u/theflash1234 1 14 hours ago

No. I would just step up all my decade old holdings. Sell and immediately rebuy the same holdings.

u/cookingboy 1 14 hours ago

It will lead to some rebalancing maybe, but the money won’t leave the market because where else are you gonna put it?

u/waterpup99 1 14 hours ago

You don't need to reallocate across sector or financial instrument to realize capital gains. Would just create volume

u/DoctorNezuko 1 13 hours ago

More just larger harvesting.

u/PaperHandsTheDip 1 13 hours ago

It would, but people rebuy to reset their costs basis at the same time so if the law gets reversed no taxes are owed and they can remain invested

u/ooky_pooky 1 13 hours ago

If anything it would cause a massive buying rally as the potential returns from investing goes up

u/WillTheDreadWolf 1 13 hours ago

That’s grossly oversimplified thinking. You can do better

u/highgo1 1 11 hours ago

You'd probably see a giant sell off at first to lock in gains then reinvestment

u/[deleted] 1 15 hours ago

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

u/WumboTactical 1 15 hours ago

We’re just running a big old experiment at this point why not. None of what we’re doing has any precedent or theory it’s just pure vibes and I’m sure these ideas will age well and be looked upon fondly in the years to come. National debt, sustainability, creating durable goods and services? Nah we’re just going for max debt.

u/[deleted] 1 15 hours ago

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

u/plebbitier 1 15 hours ago

You work for money, we print ours Your biggest expense is taxes. We pay none You job is outsourced, we are too big to fail Its horrific

u/Adulations 1 14 hours ago

Its absolutely vile and evil and you'll have dunces who won't sniff a million in their life who agree with it.

u/smellyfingernail 1 14 hours ago

ya i agree with it i dont wanna pay tax idc ya boys lets go

u/brucekeller 1 14 hours ago

The real rich just take loans out again their stock or use a whole bunch of loopholes, especially charity-related.

u/El_nino_leone 1 13 hours ago

Can you explain the charity part, please? How does that work?

u/DadBods96 1 13 hours ago

You pop into a higher tax bracket. You donate enough money to a charity so that you now can drop back down into the lower tax bracket, and the tax savings are greater than what you donated.

u/HankTheRealBigFish 1 13 hours ago

That is not how progressive tax systems work sir

u/VapeTitans 1 13 hours ago

Yea… I don’t think it works like that. The US has a Marginal Tax bracket system. Meaning only the income above the level is taxed at that rate. Donating money may drop you to a lower bracket, but that money was always going to be taxed at that lower rate.

u/Loightsout 1 13 hours ago

My boy has never paid taxes in his life / doesn’t understand jack shit about them but has seen 2.5 instagram reels about how to avoid them

u/db2901 1 13 hours ago

r/confidentlywrong

u/CommotionLotion 1 13 hours ago

Jesus Christ do you understand basic brackets of taxes? Only the part of your income that go above a certain bracket are taxed at the higher rate. Not the entire thing. This is basic tax 101

u/WillTheDreadWolf 1 12 hours ago

Lmao no that’s not even close to how it works 😂😂 First you need to learn what a tax bracket is. And that taxes for that bracket only apply to that bracket. Hence the word bracket. You pay across multiple brackets as you earn more. Dropping one doesn’t magically save you a bunch on all your income. Jesus people 🤦‍♂️

u/chicu111 1 14 hours ago

You’re probably in the bracket that doesn’t need to worry about tax

u/TheKingOfSwing777 1 11 hours ago

As in poor?

u/kwijibokwijibo 1 14 hours ago

Meanwhile, I'm watching you all from a country with zero capital gains tax and excellent public services. Life is good

u/TimeZebra00 1 13 hours ago

A country for ants

u/kwijibokwijibo 1 13 hours ago

You're not wrong. But we ants live well :)

u/WillTheDreadWolf 1 13 hours ago

I’ll move! Where you from my man?

u/gianmk 1 13 hours ago

Probably Monaco. Unless you are rich rich, just stay put buddy.

u/No-Context-Orphan 1 13 hours ago

Switzerland has no capital tax gains and lower taxes overall compared to the US. It's also one of the countries with highest quality of life in the world

u/delcooper11 1 12 hours ago

you can do that when you get to hold onto everyone else’s money.

u/WillTheDreadWolf 1 12 hours ago

So many crybabies in WSB these days. What happened to this place?

u/CarrierAreArrived 1 12 hours ago

All of Western Europe robbed and plundered everywhere else on Earth (especially Belgium which was mentioned above). Switzerland maybe did the least actually.

u/[deleted] 1 12 hours ago

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

u/[deleted] 1 12 hours ago

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

u/squarecir 1 12 hours ago

And some Cantons have a wealth tax.

u/WillTheDreadWolf 1 12 hours ago

People are downvoting you because you said Switzerland is nice 😂 This place is so fucking whacked out 😂😂😂

u/Ok-Board4893 1 11 hours ago

Cost of living in Switzerland is absolutely bonkers.

u/PhotonicsIsFried 1 11 hours ago

Did I stumble into a europoor thread?

u/Worldly-Singer-7349 1 12 hours ago

Belgium used to have 0% capital gains tax and has now introduced a 10% flat tax on all annual capital gains above 10k€. And it has one of the best social systems in the EU, including universal healthcare and mandatory indexed salaries. Life is good. Or is some people once said: „Brussels is a Hell hole!!“

u/Infamous_Thought_189 1 11 hours ago

Belgium also has an income tax quickly approaching 50% lmao

u/Worldly-Singer-7349 1 11 hours ago

Very true, the trick is to have a job that is exempt from income tax.

u/Infamous_Thought_189 1 11 hours ago

one of those 'European' jobs? Brussels is probably full of them

u/Sayhei2mylittlefrnd 1 12 hours ago

Saudis have no taxes

u/Kaymish_ 1 12 hours ago

New Zealand doesn't have capital gains tax. Although a couple of the parties in the upcoming election are talking about bringing one in.

u/pingoo26 1 11 hours ago

Does it just get rolled into income tax instead?

u/Kaymish_ 1 11 hours ago

It depends. If you buy something to dispose of it for a profit then you have to pay income tax on it, but if you buy it to collect a dividend or hedge or some other reason and weren't planning to profit then it is tax free.

u/ShitBirdsComingRandy 1 11 hours ago

Wall Street Bets turned into a liberal whiny site. Whatever he does is bad. When he did his board, they mocked him. I bought the stock and made money. Anytime someone cry’s on here I know it’s good for my bank account. Can’t run on “feelings” when chasing money

u/MiserableReading8935 1 11 hours ago

Singapore?

u/DKtwilight 1 12 hours ago

With the way inflation is going everyone might sniff a million soon

u/TheKingOfSwing777 1 11 hours ago

I knew I was meant to be rich! Maybe we can even be billionaires like those lucky folks down in Venezuela!

u/Infamous_Thought_189 1 12 hours ago

I mean isnt this sub quite full of them and even attracts them? Corruption is quite good for stock value

u/[deleted] 1 12 hours ago

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

u/Arnab_Goswami_RTV 1 14 hours ago

Great capitalism.

u/mrpyrotec89 1 12 hours ago

Read an economist theory that we left capitalism in the early 2000s and entered a new economic state he coined the leverage economy. Where basically the goal isn't to make a business that sells a product anymore, but to leverage existing businesses and debt to buy up and artificially inflate assets and drive up speculation, and then exit. Anyways, idk if that really added anything to your comment

u/grahamulax 1 13 hours ago

We buy none.

u/nerevisigoth 1 13 hours ago

Less than 1% of commenters here have a Bloomberg subscription to read this paywalled article and less than 5% have any idea what the proposal is.

u/HelicopterPhysical27 1 13 hours ago

Link to article (free)

u/_Bangkok_ 1 12 hours ago

Doing the lords work here.

u/Green_L3af 1 12 hours ago

Don't need a subscription to read it

u/Rivster79 1 11 hours ago

And 99% of that 1% won’t read the free article below, once given access. So not sure what your point is.

u/billshermanburner 1 13 hours ago

He’s telling everyone what they need to know about who he cares about. Question is will anyone communicate that effectively to the proletariat. Market-wise what difference does it make. If anyone can’t tell how dissonant the market is from reality or how it’s not responding to real value anymore then I can’t help them.

u/erikwarm 1 13 hours ago

Land of the free, home of the brave. \* \*terms and conditions may apply

u/billshermanburner 1 13 hours ago

The dollar is not the world’s currency soon with what they’re doing. And only a few people win on that move. He knows it. Why doesn’t everyone else? Oh yeah… literacy.

u/quintessentialquote 1 13 hours ago

https://preview.redd.it/aeg4kazv9wih1.jpe…

u/Wolf_of_Walmart 1 12 hours ago

Get your money up son

u/Money-Desperated 1 12 hours ago

Well said lmao

u/bonerland11 1 12 hours ago

Did you read the article?

u/rayquan36 1 11 hours ago

You guys never let me forget I'm on Reddit

u/Sufficient-Flan1565 1 15 hours ago

That’s right there my president!

u/screamingzen 1 15 hours ago

Imagine being this big of a cuckold

u/Armed_Platypus 1 14 hours ago

We don't have to imagine, you are right here.

u/Jolly_Cicada380 1 15 hours ago

He doesn’t know you man

u/ByteCurious69 1 15 hours ago

Sounds like another tax cut for billionaires.

u/Exact-Consequence424 1 14 hours ago

You do realize you can invest without being a billionaire or millionaire right? And you also realize that everyone is subject to capital gains right? And you do realize that if you invested that this could directly benefit you right?

u/PaperHandsTheDip 1 13 hours ago

they already dont pay taxes tho

u/TheKingOfSwing777 1 11 hours ago

Someone had the bright idea to ask, "what if we pay negative taxes?!" Let's see, I already have money, so take a loan against it, invest and sell with no tax implications, pay back loan, write off loan interest as a tax loss, profit?

u/No_Visit_2002 1 13 hours ago

Fool why not become bilr then use the system ffs

u/LagiacrusMH 1 15 hours ago

The little guys lose again.

u/sovlex 1 15 hours ago

He either keeps stock market afloat or will go to prison. Choice is simple as that.

u/_BreakingGood_ 1 15 hours ago

I like this because it benefits me personally

u/[deleted] 1 14 hours ago

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

u/[deleted] 1 15 hours ago

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

u/ghatboi 1 15 hours ago

Yes! I voted for this!

u/octopus_serenader 1 15 hours ago

Just no idea what he's doing.

u/PercentageOk2862 1 15 hours ago

I actually love the response here from WSB. I’m surprised and impressed. Although 99% of posters would not benefit (you have to actually make money).

u/Ehrenemittent 1 12 hours ago

Not surprised. Most of us are just regular peasants trying to escape the rat race through risky gambles so we obviously don't love it when the feudal lords just look to enrich themselves even more on their risk free insider trades.

u/outofthebliss 1 15 hours ago

After the endless insider trading, might as well tip the tax scales too and set up for a clean exit. Gotta hand it to him, he’s even selling early access to the stream. The grift has no bottom.

u/Iron-condor-6050 1 14 hours ago

When you get to his seat, let’s see if you wouldn’t do the same. At least he’s honest and totally transparent about it.

u/rpnewc 1 14 hours ago

Sorry I missed the honesty part here?

u/themayorhere 1 14 hours ago

Lick that boot

u/MxJamesC 1 14 hours ago

No I wouldn't because I'm not a cunt and would u derstand the position of president is to work for the people not enrich my family. "Tyrants lack "the very faculty that is the instrument of judgment"—reason. The tyrannical man is enslaved because the best part of him (reason) is enslaved, and likewise, the tyrannical state is enslaved, because it too lacks reason and order." Plato

u/Vegetable-Advance982 1 14 hours ago

Nobody knows quite how they'd be in power, but if you can't be sure that you wouldn't be as exploitive as this, that makes you trash

u/SilentInterest7767 1 14 hours ago

I'm surprised you could make this comment with the boot so far down your throat.

u/ConglomerateCousin 1 14 hours ago

This has to be a joke, no? Who else has ever made billions in a year in public office?

u/No-Comedian-4771 1 14 hours ago

Buy him a drink first you simp fuck.

u/jakemoffsky 1 14 hours ago

Never seen a guy so honest, yet have no credibility in any way.

u/Hosni__Mubarak 1 14 hours ago

Most of us wouldn’t because most of us aren’t sociopaths

u/Elgecko123 1 14 hours ago

Lots of people have been president of the US without turning it into a huge revenue stream.. some people are actually capable of public service

u/Elon-BO 1 14 hours ago

Biggest piece of shit in the history of US presidents, but you just keep gargling his balls bootlicker.

u/[deleted] 1 13 hours ago

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

u/SleepyJM 1 14 hours ago

Outing yourself as a moron in a public forum is pretty wild.

u/CTRexPope 1 14 hours ago

He’s not going to sleep with you.

u/[deleted] 1 13 hours ago

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

u/SxeySteve 1 13 hours ago

This comment has "divorced" written all over it

u/Due_Area4843 1 13 hours ago

Justifying corruption instead blaming the curruptor.... american are cooked lol

u/[deleted] 1 13 hours ago

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

u/TesticleMeElmo 1 12 hours ago

How many presidents have been in his seat who didn’t do what he’s doing? Not everybody is a morally bankrupt charlatan

u/[deleted] 1 15 hours ago

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

u/[deleted] 1 15 hours ago

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

u/Primary_Garbage6916 1 15 hours ago

Wouldn't that just mean that my capital losses are less valuable to me?

u/dayzdayv 1 15 hours ago

My wife’s boyfriend is going to love this

u/SardonicSillies 1 15 hours ago

Idk wtf this means... Calls, puts, are we rioting, what? Is this not a Wendy's?

u/[deleted] 1 14 hours ago

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

u/Shivin302 1 14 hours ago

You people have capital gains?

u/[deleted] 1 14 hours ago

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

u/Redfield11 1 14 hours ago

He's looking at the past 6 months of trades he's made and it has him thinking.

u/Starblast555 1 14 hours ago

as if he pays tax to begin with

u/ayoungsapling 1 11 hours ago

And now we can’t audit him, thanks Todd Blanche

u/freericky 1 10 hours ago

If he’s trading like he’s negotiating he’s getting washed sales every 15 min block, this will be handled by September 🤣

u/Foe117 1 14 hours ago

RIP your 401k

u/NeedToMakeMoneyz 1 14 hours ago

lol 401Ks lose again

u/vancouvermatt 1 14 hours ago

Not like there’s a $2 trillion deficit or a bunch of corporate loopholes or anything ….

u/bionicjoe 1 14 hours ago

How the hell do you cut what is basically zero? Hold a security for a year and you're taxed 15% max when it's sold. Oh wait. He's cutting taxes for people that don't want to follow even that rule.

u/Hulainn 1 14 hours ago

23.8% actually. Top bracket is 20%, plus NIIT on top of that. Then state taxes as well, if applicable.

u/[deleted] 1 14 hours ago

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

u/[deleted] 1 14 hours ago

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

u/HeatWaveToTheCrowd 1 14 hours ago

Wonder if this would help him this year.

u/YaBoiJim777 1 14 hours ago

Right after making 6,000 stock trades as sitting president.

u/NoMaterial5115 1 14 hours ago

Someone pls post article?

u/androidfig 1 14 hours ago

Yes, if your household income is less than $100k, no capital gains tax. If it is over $250k, massive tax hike on capital gains.

u/Icy-Dimension2914 1 14 hours ago

Definitely should be linked to wealth and not income. Remember most billionaires have no formal income — it’s all equity appreciation. Your average doctor or lawyer earning $300k in NY with student debt and no trust fund has nothing in common with that.

u/androidfig 1 13 hours ago

Yes sorry income is not an accurate metric for this.

u/Icy-Dimension2914 1 13 hours ago

No worries, it’s hard to design an effective policy for this. My suggestion would be something like: \- no CGT under a net worth of $2M \- 20% CGT between $2-4M \- 40% CGT between $4-10M \- 70% CGT over $10M Then also tax any loans taken out against equity as collateral at the same rates. You’ll fix half our inequality issues in a decade.

u/[deleted] 1 12 hours ago

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

u/nlutrhk 1 12 hours ago

Not to be a devil's advocate here and I don't know the details of the US tax system, but it's not necessarily a bad thing if the owner of a company that isn't listed on the stock exchange gets a pass for assets that are tied up in a company that isn't making cash flow (yet). That doesn't have to be a spaceX-sized company; it could be a startup with 10 people.

u/Icy-Dimension2914 1 12 hours ago

I think that's reasonable but would also serve as a huge incentive against taking any companies public in the first place (or reprivatizing already public companies). Also just shifts all the power to private equity firms imo. That being said, as long as you're only taxing sales of shares early-stage startups shouldn't be affected since their founders won't be selling their personal shares. By the time they are selling them I imagine it'd be justified to tax it.

u/j-steve- 1 14 hours ago

That's a great way to fuck over doctors and lawyers and engineers without impacting the 1% at all

u/PaperHandsTheDip 1 13 hours ago

Fucks over the top \~10% of the working class, doesn't effect the non working class at all

u/centosanjr 1 14 hours ago

He just made a billion on insider trading this year so that tracks

u/Beelzabubba 1 14 hours ago

The Kleptocracy will continue until morale improves.

u/Both_University_6683 1 14 hours ago

they feed this “news” to the media every other year to see how Americans react. zero chance it happens

u/ty_xy 1 14 hours ago

I guess Eric / baron and his other sons and himself have been doing so well in the market and a lot of capital gains, so that's why they're thinking about this.

u/Syab_of_Caltrops 1 14 hours ago

Most of this sub has no idea what Capital Gains are.

u/NotDugachug 1 14 hours ago

It only benefits those who already have money, not workers earning a wage.

u/PaperHandsTheDip 1 13 hours ago

that's what they want tho. They want labor to have less wealth as it forces them to work more. That's what makes a countries economy do well - people working all the time. If they gave you tax breaks, you might work less and that's not good for the economy, so they can't do that

u/thetaFAANG 1 14 hours ago

people are asking why aren’t we screwed equally instead of why we’re being screwed at all capital hardly fits the income tax regime, it doesn’t make sense

u/MrTestiggles 1 14 hours ago

How about you cut income taxes so we can invest more ..?

u/PaperHandsTheDip 1 13 hours ago

They tax income so labor has less power and is forced to continue to work. This is what keeps the economy going. If they gave YOU a tax break you may work less and they make less money. Can't have that now

u/Lundhlol 1 12 hours ago

Everybody dreams of being rich and doing what they want, but if everyone did that, there would be no things or economy. The world needs modern slaves. And the people in power knows that, they simply make their own lives easier and rely on the working man for the world to function.

u/A1ienspacebats 1 10 hours ago

If the people also have more money from less taxes, thats also going to lead to inflation. As we learned in covid theres only so much supply.

u/pingospf 1 14 hours ago

Yeah! More tax cuts to the billionaires who don't need it! This will surely fix the price of gas and groceries.

u/[deleted] 1 11 hours ago

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

u/Ok_Imagination1262 1 14 hours ago

If I made billions that would be nice too

u/jdohyeah 1 14 hours ago

Ah yes that'll help balance the books. Responsible economic management indeed

u/ObviouslyRealPerson 1 14 hours ago

He weighs call to cut his own taxes Gee, wonder what he'll decide

u/Kremsi2711 1 14 hours ago

Isn’t the USA in the biggest deficit ever?

u/Yodas_Ear 1 14 hours ago

Cap gains shouldn’t exist.

u/Kepler1571 1 14 hours ago

Restore the 1950s tax rates and get on with it.

u/PaperHandsTheDip 1 13 hours ago

those were primarily used to pay off the war debts. Unfortunatley super high taxes don't work well in the modern globalized world. All the large companies / rich people have multi-national things setup with a bazillion loopholes. They just move their wealth elsewhere... Top 0.1% owns over 80% (2.8 trillion) of offshore wealth, and that's rapidly increasing.

u/Kepler1571 1 13 hours ago

Oh, I just take it.

u/reddit_is_geh 1 11 hours ago

I think only like 5 people ever paid that tax rate. There were still tons of loopholes out of it.

u/Kepler1571 1 11 hours ago

It sends the right signal. Inequality is worse than a crime, it's a blunder. Wildly unequal economies are volatile, they divest the largest portion of the population from any incentive, and they make crime the only rational alternative. We don't cut the wealthy down merely because it is a social good, or merely because it's the only way to retain democratic governance. It's also the best driver of a healthy economy.

u/reddit_is_geh 1 11 hours ago

I get it, but the solution is not just massive taxes. Direct redistribution like that, especially so heavily, is just not viable, nor a good use. Government wastes money like mad, and all it does is create a system where the government gets a ton of money, rich people want to leave, then eventually, government needs MORE money, so they start increasing more taxes on the way down. The solution, is just better economic systems themselves, rather than taxing. There are mathematical models which show effective tax rates optimal pricing before it starts experiencing negative results. Something like a 90% tax rate is just fucking bonkers and insane. And your solution to people leaving is "Fine we'll just keep their money" because "The money makes jobs, not them"... Is also naive. Smart people with good business sense with money, makes jobs. If the government just seizes people's assets first, no one will want to invest here, second, the government will just waste the money? Sure, they'll create jobs, for their buddies stupid over priced contracts with that money

u/ApeApplePine 1 13 hours ago

lollolololololololo

u/Hot-Comfort8839 1 13 hours ago

Aren’t they the lowest they’ve ever been?

u/Adrian12094 1 13 hours ago

of course he is

u/YouFoundMyLuckyCharm 1 13 hours ago

Makes sense, he made 3600+ trades in just the first quarter of 2026.

u/PaperHandsTheDip 1 13 hours ago

sauce?

u/YouFoundMyLuckyCharm 1 13 hours ago

His 113 page official federal financial disclosure form (Form 278-T), signed by him in May.

u/PaperHandsTheDip 1 13 hours ago

you seem informed and I'm not gonna look that up. I trust you, thnx for the DD

u/YouFoundMyLuckyCharm 1 13 hours ago

Can google it, there was a fuckton of reporting and verifying on it.

u/WillTheDreadWolf 1 12 hours ago

Number of trades does not equate to profit. If it did I would be filthy rich

u/YouFoundMyLuckyCharm 1 12 hours ago

You’re supposing he didn’t necessarily have a very profitable term so far? We’ll never know the real truth.

u/IsIt2478 1 13 hours ago

What if you use it to convert to ROTH?

u/RockmanMike 1 13 hours ago

His desperation after losing Iran is more apparent.

u/Wermys 1 13 hours ago

So he is actually advocating a day trader tax cut

u/Same_Television7242 1 13 hours ago

It means more tax for government because right now the rich just borrow against their stocks. lowering capital gains and making it cheaper than paying interest means people will sell more and pay.

u/IntolerantModerate 1 13 hours ago

Paywall hides the details, but as an older regard I am sitting on some higher fee ETFs that I'd love to be able to sell at a lower tax rate so I could jam the money back into a cheaper fund with a higher basis

u/kmciccags 1 13 hours ago

Give me a loss deduction of more than 3k per year and I’d support it because let’s be honest - I’m going to be dead before my carryover losses run out at the current rate.

u/[deleted] 1 13 hours ago

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

u/[deleted] 1 13 hours ago

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

u/Patara 1 13 hours ago

"I think I deserve to have every single dollar in the US economy" basically

u/bakeacake45 1 13 hours ago

No

u/Aware-Celebration873 1 13 hours ago

Ah yes let's make the Deficit even bigger

u/[deleted] 1 13 hours ago

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

u/[deleted] 1 13 hours ago

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

u/Specialist-Neat4254 1 13 hours ago

Guess Elon is planning on selling some of his shares

u/CollectionBroad8919 1 13 hours ago

Free money for the rich. Again

u/TreGet234 1 12 hours ago

No way something like that could pass. The truly rich never sell and just borrow against their stocks anyway. Would be funny to pry open the escape hatch for the boomers one last time before it all goes under.

u/[deleted] 1 12 hours ago

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

u/Sllyce 1 12 hours ago

Cause fk the working class right

u/ZmanB-Bills 1 12 hours ago

So, 15% is too much for the wealthy to pay for money they fo not do one single ounce of work for amazing? The greed in this country never stops.

u/Ok-Board4893 1 11 hours ago

Wait what you guys only pay 15% on gains??? We pay almost double in Germany

u/Merisuola 1 11 hours ago

Yep, if you hold it for a year or more then the brackets for individual filers are 0% for under 50k total income, 15% for 50-550k, and 20% over 550k. There’s an extra separate 3.8% tax on income over 200k too.

u/Danijust2 1 12 hours ago

The fall of civilizations podcast about USA will be amazing

u/RiffyWammel 1 12 hours ago

Today’s headline. Pigs call for more food in the trough- now over to the weather with Bob

u/Top-Use7021 1 12 hours ago

Long term CGT cuts or short term CGT cuts or both?

u/Spartcus3 1 12 hours ago

Oh thank god I’m getting a break from these unamerican Capital Gains Tax that I and every American have.

u/KaiDaiz 1 11 hours ago

Rugpull inc

u/KaiDaiz 1 11 hours ago

Rug pull inc

u/[deleted] 1 11 hours ago

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

u/Keffpie 1 11 hours ago

What the fuck, I mean I know this will benefit me, but if anything, taxes on capital gains should go up a little.

u/BrudaB 1 11 hours ago

God forbid boomers pay a single ounce of taxes to help a country they have ruined with their greed. Votes still count for some things I guess…

u/MoistSpyBuy 1 11 hours ago

Fuck, and I cannot stress this enough, that guy.

u/jokemon 1 11 hours ago

Remember we all benefit from this, we can all buy stock.

u/[deleted] 1 11 hours ago

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

u/Mr_Footies 1 11 hours ago

The responses in this thread confirm the sub has been LARPing for years. Sheesh.

u/[deleted] 1 11 hours ago

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

u/Svrider23 1 11 hours ago

Finally a policy for the people. /s

u/mariosuperb 1 11 hours ago

I thought the US has a debt problem, it seems he does everything in his power to fix that 🎪

u/Far_Lifeguard_5027 1 10 hours ago

These politicians are only out for themselves.

u/Equivalent_Map951 1 10 hours ago

Please do I want to cash out some funds from my brokerage account and some crypto.

u/WaterAdventurous6718 1 10 hours ago

should sort out the healthcare system first