Something something corporate tax is too high...

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Sep 3, 2010
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#61
Good question. I see mentions of $3.5 and $5 million, but it does look like a reduced exemption.Where do you think it should be set to not impact middle class families unreasonably? I also don't know if his plan is tiered to affect the ultra wealthy more so than those middle class folks who simply planned well and hope to pass that on to their families.
There shouldn't be an estate tax period. The estate was built on profits that have already been taxed.
 
Mar 11, 2006
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#64
Biden appears to be getting ready to unveil a significant increase in long-term capital gains. If, and that is a big if, this gets approved expect a market drop as large-scale selling will occur prior to enacting of the new law.
 

andylicious

Territorial Marshal
Nov 16, 2013
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#65
Biden appears to be getting ready to unveil a significant increase in long-term capital gains. If, and that is a big if, this gets approved expect a market drop as large-scale selling will occur prior to enacting of the new law.
If they push that through we haven't seen corporate farming yet, that will blow up estate tax in a manner that is incomprehensible.