🚩Joe Biden is proposing to raise the long term capital gains tax to 43.4%. 🚩

[Swag242]

If this passes it will likely be for the highest earners.

 We might want to start looking at current legal ways to avoid getting half of all your gains taken by the government. The only way I can think of is if you are a resident of peurto rico or a foreign country that has no tax laws. If you have any insight on this topic i think it would be beneficial to the community.

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[Hydrogen]

These tax hikes are a large part of the reason Donald Trump ran for President in 2016.

I wonder if we'll see many other Donald Trump's come out of the wood work. In an effort to address or overturn these high tax hike proposals.

It does not receive much media attention but these tax hikes are extremely unpopular and disliked with virtually every segment of america.

[Charles-Tim]

To avoid double threads, there is an actively similar thread recently created by OgNasty before this thread, you can join in posting there.

https://bitcointalk.org/index.php?topic=5332510.0

[mindrust]

If this passes it will likely be for the highest earners.

 We might want to start looking at current legal ways to avoid getting half of all your gains taken by the government. The only way I can think of is if you are a resident of peurto rico or a foreign country that has no tax laws. If you have any insight on this topic i think it would be beneficial to the community.

Puerto Rico is one way to avoid it. Another way is just giving up on your American passport and moving to another country with no taxes. Either of those ways are probably coming to an end now because these bastards are after a global minimum tax. Then it won't mean shit if you live in Puerto Rico, Cayman Islands or USA. They'll steal from you anyway.