So, I told you earlier that President Biden (and the Democratic Party) are considering a slew of new taxes to ensure that the Infrastructure Bills don’t accrue those bandied about $ 3.5 trillion expenditures.
Tag Archives: capital gains
Have your blood pressure meds ready…
You already know that I consider TheDonald the most corrupt president (along with his administration) that America has endured since the days of Tricky Dick.
Tax Changes…
Just because President Biden wants to make sure the system is fair to everyone doesn’t mean it will happen. It won’t even go by the number of popular votes he can obtain. (It’s obvious that 99% of us have way more votes than the 1%.) At the very least, the 1% will hire lawyers, accountants (and lobbyists) to put a kibosh on Biden’s concept.
Time to junk these apps
I had no idea. To be honest, I’m not sure many folks know about these issues, either.
I’ve been a dabbler in stock investing over the years. Sure, I’ve day traded, and there were years when I bought and sold stocks a lot, but generally, I now buy a few stocks and a bunch of mutual funds. But, my accounts are all at standard brokers- eTrade, Schwab, Fidelity.
Are you qualified?
Have you noticed a trend in going public?
It used to be that firms would go public in the first few years of their existence. Now, they go public after 5, 6, 10 years of existence. There’s a reason for that.
Tax Planning- for Tax Savings
Please note: This post will be a little long today. But, I didn’t think it would make sense to split it into multiple entries. I am pretty sure you will agree with me when you finish reading it.
Poof! Like Magic, They Disappear!
Here’s a little something to keep in mind as you try to figure out how you are going to pay that tax bill that comes due next Monday. (Today is the 8th of April, right?)
Personal Taxes, from 2018 until 2026
This is a continuation of our discussion of the final versions of the House and Senate Tax Cuts and Jobs Act (sic) bill. Those are now the law of the land, PL 115-97.
Mortgaged to the hilt?
What the IRS giveth, it often taketh away.
So, we know that if we are single and sell our primary residence, the first $ 250K of gains on that sale are deductible. Remember, those gains need to be properly determined.
House trap?
I had a slew of clients sell their homes this past year. Probably because the market rebounded and they thought they would finally come out ahead.