[quote=utcsox][quote=flu][quote=ltsdd][quote=flu]Are you guys watching this actually? I tuned out once I figured they won’t really be talking about the main issues anyway…The economy and taxes.[/quote]
You missed out big time about taxes…trump now said he paid millions, hundred of millions in taxes.[/quote]
Meh, I care what Hillary has to say about the step-up cost basis when you die and pass on your property to your kids. I believe she was for eliminating that, which would have huge implications on anyone with assets. What was unclear was whether she was a proponent of eliminating this completely or eliminating this only for people who made $2million or more /year.
In any case, like I said, everyone’s taxes is going to go up, regardless of whether Trump or Hillary is in office. And if these tax laws get revised because Hillary wins and the GOP loses the majority in Congress, well… the alt-right republicans that made Trump where he is pretty much to blame for this disaster.[/quote]
If you are a middle class who make $732K a year(top 1%), or an upper middle class who is making $3.8 million a year(top 0.1%), or really top of the line upper middle class who have income over $5 million a dollar, you are really screw under Mrs. Clinton’s tax plan.
If you are a super duper upper middle class who has $500 million when you died, there is a 65% tax on estate. All joking aside, you shall read this excellent article of Hilary tax proposal from WSJ below:
I couldn’t access your WSJ link, but I’ve been trying to figure out what exactly her position is on certain tax issues.
Like I said, there’s the issue of estate taxes (which really isn’t an issue) unless your net worth is more than 10milion. But aside from that, there’s the issue related to step-up cost basis, which is separate from estate taxes. That’s about capital gains.
