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submitted 1 month ago* (last edited 1 month ago) by davel@lemmy.ml to c/usa@lemmy.ml

Economically to the right of Genocide Joe.

Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%.

So not nothing, but not much, assuming the change can be pushed through at all. Nothing will fundamentally change. These taxes wouldn’t even affect well-paid workers; they only kick in at $1M.

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[-] davel@lemmy.ml 5 points 1 month ago

I get the sentiment, but I don’t think small businesses often have capital gains.

[-] HubertManne@moist.catsweat.com 3 points 1 month ago

ugh. somehow in my mind I thought this was corporate tax but I guess we still won't change them much.

this post was submitted on 04 Sep 2024
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