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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: mechinv   😊 😞
Number: of 84346 
Subject: Re: Harris and the Dem tax proposals,
Date: 08/22/24 1:51 PM
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This is how cnbc explained it today.

As I said, he forgot to mention that the higher cap gains tax rate would only apply to income above $1 million.

Read the actual White House 2025 budget proposal I linked above.

Also, under both the Trump admin and the current Biden admin, short term cap gains are taxed at the same rate as your ordinary income tax rate. That won't change under a Harris admin.
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