Quote:
Originally Posted by mooby
One more thing. I thought this was an interesting angle on the incoming capital gains tax rewrite that Trump is sure to put out within the next couple months.
Cred, most of this goes over my head, but the gist of it seems to be "if the basis is adjusted for inflation, the 1% stand to save a lot of money when they sell property".
Can I get your thoughts on this?
https://www.reddit.com/r/esist/comme...t_billions_of/ |
I read it. I doubt it passes through the way it's proposed in the reddit. I still put it on the Congress to do their job, which is to write the laws that are not graft or pure money grabs. The spin that Trump personally stands to gain is as true as the spin that any small business could gain from that as well. I know the company I work for owns the building we use, and have for the last 20 years. I imagine the owner, who is wealthy but not Trump or Gates wealthy, would benefit from that change, which because of who he is I think it would see all of us employees benefit.
The other thing is that I think most governmental accounting at this point ties everything to inflation, so the idea isn't outside of government norms. (I don't know how much governmental accounting is tied to inflation, and that could be a wrong statement)