Biden Train Wreck
- Thread starter TigerGrowls
- Start date
Even @scotchtiger might pull the lever for Trump if this is the case.
Whoa. This is just ridiculous. I'm actually debating the amount of shares I sell in a secondary offering this month, and I may increase the amount based on this risk. A substantial amount of my comp is tied up in options that could be realized in the next couple of years, so its imperative we stop this kind of un-American nonsense.
I won't vote for Trump, but I will continue voting for other Republicans so that Congress can hopefully block shit legislation like this.
Biden capital gains tax increase
The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%. Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold.Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.
Funny enough, our labor union business segment was just folded into my organization.
Oh for fvcks sake. The income tax increase has been broadly championed by Biden, but now there are 3 taxes in addition to that he wants to levy on American families (these 2 plus cap gains above):
Biden's FY25 budget proposes to increase the Medicare tax rate to 5% from the current 3.8%.
Medicare tax
President Biden is proposing a tax increase for people making more than $400,000 a year to help shore up the Medicare program. That income threshold would be based on wages, salary, and capital gains.Biden's FY25 budget proposes to increase the Medicare tax rate to 5% from the current 3.8%.
Capital gains taxes on real estate: 1031 like-kind exchanges
Biden's FY25 budget would also close what the administration calls the “like-kind exchange” loophole. Under current 1031 like-kind exchange rules, real estate investors can defer paying tax on gains from certain real estate deals as they keep investing (reinvesting the proceeds) in that real estate.McGarvey has been making the rounds on all the morning talk shows and wow is he singing Biden's praises. Says he's the most important labor president since FDR except unlike FDR, Biden will meet you on the worksite and split a ham sandwich with you on a crane. You can tell he genuinely loves the guy and he even made an ad for him.
Certainly a good angle for him to play in the contested rust belt.
EXTREMELY ALARMING 🚨
The Downfall Of The US Economy:
- Dollar Tree closing 600 stores this year
- CVS closing 900 stores through the end of this year
- Walgreens closing a 150 stores
- Outback Steakhouse has already closed 40 of its restaurants
- UPS is cutting 12,000 jobs in 2024
- Citigroup cutting 20,000 positions as well
- EBay, Thousand jobs lost there
- Microsoft, cutting 1900 positions
- Expedia, cutting 1500
- Cisco, cutting 4,000
- Apple, cutting 600.
- Regal Cinemas closing 429 locations
- Kroger's grocery store chain shutting down 413 stores
- Foot Locker closing 400 stores by 2026
- Macy's will close a 150 locations by 2026
- Walmart, already this year, has closed 6 of its supercenters
It's not affordable to be in retail anymore.
While the US Senate has passed nearly a $100,000,000,000 to send to other countries that Joe Biden just signed.
Most can't even fund Ukraine or Israel on a freaking map, Let alone Taiwan.
We're paying money that we don't have as our economy goes down the toilet and American jobs die.
Of course, we know. We're gonna ban TikTok so nobody can talk about it freely.”
Thankfully we also have X thanks to Elon Musk, make sure everyone sees this. This is the true cost of Bidenomics, the downfall of the American Economy.
EXTREMELY ALARMING
Read the Full Transcripts of Donald Trump's Interviews With TIME
”The advantage I have now is I know everybody. I know people. I know the good, the bad, the stupid, the smart.”
This proves what a partisan lunatic you are. You will claim that inflation is ruining the country, then when the Fed intentionally raises interest rates to cool the economy (which means some jobs will be lost) you claim that is ruining the country.
You can't have it both ways you zero-integrity magat
P.S. - the economy is raging!
APRIL JOBS REPORT:
FACT: Under Biden, more foreign-born workers have joined the labor force than native-born American workers.
FACT: 777K+ more Americans are unemployed than one year ago.
FACT: Overall unemployment is at its highest in 2+ years, with unemployment increasing among Hispanic Americans, Asian Americans, veterans, and Americans without high school diplomas in April.
FACT: Permanent job losses and temporary layoffs both shot up last month — as did the number of Americans with part-time jobs for economic reasons and the number of long-term unemployed Americans.
FACT: Labor force participation still remains FAR below pre-pandemic levels.
The only way back to prosperity is re-electing President Donald J. Trump in November.
THAT IS WHAT WE WANT DUMBASS! Remember INFLATION?
Did you notice the stock market spiked after the jobs report? USE YOUR BRAIN
The Department of Interior shut the mines down in Minnesota ..
To benefit... CHINA
Joe Biden blocked transportation permits on liquid natural gas
To benefit ... CHINA
Biden's EPA is eliminating fossil fuels and forcing us into a dependency on electricity
To benefit... CHINA
Gina Raimondo Biden's Commerce Secretary is working with Huawei, a Chinese Spy agency/tool for rural internet
To benefit... CHINA spying on Americans in our homes.
"Jamie Dimon was recently asked: “If you had to describe the US economy, how resilient is it?” His answer was unequivocal: “Basically, it's booming.” It was the first time the chairman and chief executive officer of JPMorgan Chase & Co. uttered such a superlative since he became the head of the world's largest bank almost two decades ago.
“If you look at the economy” before the Covid-19 pandemic “it was very low growth for 20 years,” he told the Economic Club of New York on April 23. “But if you look at the economy since then, it's been booming. Unemployment hit an all-time low; it's been under 4% now for the better part of two or three years.” That's a sustained rate of joblessness not seen since the 68-year-old Dimon’s elementary school days. “The American consumer, even if we go into a recession, is much wealthier than before,” he said. “Debt service ratios are very low...their home prices are up; their stock prices are up.”
In Jamie Dimon's America, the Stock Market Has Already Voted
Investors around the world value US equities more highly than ever before in what John Maynard Keynes might call the psychological referendum on the Bidenomics.
www.bloomberg.com
We’ve Officially Reached The Point Where The US Government Isn’t Even Pretending First Time Home Buyers Can Afford A Home
United States Secretary of the Treasury, Janet Yellen says “It's almost impossible for first-time buyers”
“Home ownership for people who don't already own homes, first-time buyers, is almost prohibitively expensive.”
“House prices having gone up and now with much higher interest in mortgage rates it's almost impossible for first-time buyers”
