F Trump

[BillyCarpenter]

By the way, here's how to avoid Capital Gains. Lets say a billionaire has billions in stocks. If he sells those stocks he would take a big big hit in taxes. Instead, he borrows money against those stocks @ lets say 6 percent interest and avoids the 60 percent capital gains tax.

[BillyCarpenter]

No need to explain them, you know exactly what they are.

Carney and Poilievre are both touting tax cuts for the middle class.

Carney has already cut Capital Gains. Do you even know what that is?



Almost everything you own and use for personal or investment purposes is a capital asset. Examples of capital assets include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss. Generally, an asset's basis is its cost to the owner, but if you received the asset as a gift or inheritance, refer to Publication 551, Basis of Assets for information about your basis. You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren't tax deductible.

[Copier Addict]

That's not true. Carney wants to lower rates on Capital Gains. That's a huge tax on the rich.

Explain the loop holes?

No need to explain them, you know exactly what they are.

Carney and Poilievre are both touting tax cuts for the middle class.

[BillyCarpenter]

Carney is calling for lowering taxes for the middle class.
BTW. There isn't a need to actually raise taxes on the rich. Just close some of the loopholes.

That's not true. Carney wants to lower rates on Capital Gains. That's a huge tax on the rich.

Explain the loop holes?

[Copier Addict]

copier addict is calling on Carney to raise taxes on the rich when he's calling for them to be lowered. Okay.

Carney is calling for lowering taxes for the middle class.
BTW. There isn't a need to actually raise taxes on the rich. Just close some of the loopholes.

[BillyCarpenter]

Who ever said Canada taxes the rich? Don't you get tired of making things up and getting slapped down?

copier addict is calling on Carney to raise taxes on the rich when he's calling for them to be lowered. Okay.

[Copier Addict]

If taxing the rich worked, Canadians wouldn't be standing in a soup line and you could afford a military. Fail.

Who ever said Canada taxes the rich? Don't you get tired of making things up and getting slapped down?

[BillyCarpenter]

Exactly!!! And Musk, don't forget him. It's good to see we are on the same page, Slim

If taxing the rich worked, Canadians wouldn't be standing in a soup line and you could afford a military. Fail.

[Copier Addict]

Oh do you mean people like George Soros, Michael Moore, Mark Zuckerberg, Warren Buffett and Bill Gates?

Exactly!!! And Musk, don't forget him. It's good to see we are on the same page, Slim

[slimslob]

Originally posted by Copier Addict


That's because his main goal here is to raise more money for his huge taxpayer funded handouts for the ultra wealthy. And he is doing it on the backs of his followers. And they are cheering him on.

Oh do you mean people like George Soros, Michael Moore, Mark Zuckerberg, Warren Buffett and Bill Gates?

[Copier Addict]

How much should the rich pay in taxes?

Good question. I would say more that $750

[BillyCarpenter]

That's because his main goal here is to raise more money for his huge taxpayer funded handouts for the ultra wealthy. And he is doing it on the backs of his followers. And they are cheering him on.

How much should the rich pay in taxes?

[Copier Addict]

Trump says he ‘couldn’t care less’ if auto prices rise because of tariffs

That's because his main goal here is to raise more money for his huge taxpayer funded handouts for the ultra wealthy. And he is doing it on the backs of his followers. And they are cheering him on.

[bsm2]

Trump says he ‘couldn’t care less’ if auto prices rise because of tariffs

[bsm2]