trump blaming hoover for the great depression instead of the banks
what's next- praising the communist fdr for getting us into ww11 to end it?
svb was the 16th largest bank in the us
it was one of the "safe" larger banks people moved their money to
until last week
the main proposal is not a tax increase, it is aimed at increasing taxes on low and middle income people
most people only pay capital gains when they sell their
house
farm
business
stocks in their 401k
the government has flooded the country with devalued money causing the inflation of prices
when you get old and sell your house that cost $100,000 for $1 million dollars
the irs says you made $900,000 and now wants 40% of that money
it is still the same house but if you decided to buy it back or one just like it if you had a job transfer
you would have to pay $1 million but you would have $360,000 less money to do it
they are inflating prices and charging the plebs to do it
want tosell or leave your farm or business to your kids? better have 40% on hand in cash
"people with $250,000 in the bank are not a lot of people"
one person with a million in the bank who takes it out is like 1000 people who have $1000 in it
they are not so worried about anyone taking out a million dollars because they are actually just transfering it to another bank
the bankers are worried about 1000 people taking out $1000 and putting it under their mattress
now when everyone starts panicing and transfering and hiding cash it upsets everything and banks start failing
true, i should have subtracted the $250,000 primary residence exemption from my example, it is only $500,000 if you are married
etter move out before your husband/ wife dies
you would still owe 40% on $650,000
the lifetime capital gains exemption on farmland is $1 million
that will not cover a small farm when land here has gone from $150 per acre in 1990 to $4,500 per acre now
if you sell stocks in your 401k that is still taxed when you take withdrawals
related?
iraq signs deals with uae and china
uae welcomes iran-saudi deal as important step for regionial stability, prosperity - times of isreal yesterday march 12, 2023
it would be handy to have a large bank in the uk?
deals with uae, iran, iraq and china all coming togather at once