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Democrats’ constituents would bear the brunt of Biden’s taxes.....Hahahahaha...You dopes!

Drumcollie

Ending Racism with or without Hillary
President Joe Biden’s tax proposals are about to put Lucille Bluth’s maxim to the test, as the White House pushes the biggest tax increases since President Lyndon B. Johnson was waging dual wars in Vietnam and on domestic poverty. It’s happening amid the thinnest of partisan margins for Democratic leaders and a midterm cycle some say is the GOP’s to lose, given redistricting and historical headwinds facing a president’s party.

Taxing gains at death
In another major shift, heirs would have to pay capital gains tax on the appreciation in value of inherited property from the date the deceased originally purchased it, above a $1 million per spouse exemption with up to $500,000 more allowed for gains on primary residences.

Once the estate tax captures whatever’s left, the Tax Foundation says the combined effect is a 61 percent tax on large inheritances. The take would total nearly 70 percent in California and New York City after state and local taxes. If heirs decide to keep running the farm or family business, they can defer paying capital gains tax until they eventually sell. But they’d be on the hook for tax on the entire gain going back to the deceased’s original cost basis.

Democrats’ constituents would bear the brunt of Biden’s taxes (msn.com)


Clearly the burden will fall on those who don't have a lot. Dems do not care about the less fortunate. Just controlling them and keeping them broke.
 
President Joe Biden’s tax proposals are about to put Lucille Bluth’s maxim to the test, as the White House pushes the biggest tax increases since President Lyndon B. Johnson was waging dual wars in Vietnam and on domestic poverty. It’s happening amid the thinnest of partisan margins for Democratic leaders and a midterm cycle some say is the GOP’s to lose, given redistricting and historical headwinds facing a president’s party.

Taxing gains at death
In another major shift, heirs would have to pay capital gains tax on the appreciation in value of inherited property from the date the deceased originally purchased it, above a $1 million per spouse exemption with up to $500,000 more allowed for gains on primary residences.

Once the estate tax captures whatever’s left, the Tax Foundation says the combined effect is a 61 percent tax on large inheritances. The take would total nearly 70 percent in California and New York City after state and local taxes. If heirs decide to keep running the farm or family business, they can defer paying capital gains tax until they eventually sell. But they’d be on the hook for tax on the entire gain going back to the deceased’s original cost basis.

Democrats’ constituents would bear the brunt of Biden’s taxes (msn.com)


Clearly the burden will fall on those who don't have a lot. Dems do not care about the less fortunate. Just controlling them and keeping them broke.
SO then you support them, because you want to punish democrats.
 
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