Quote:
Originally Posted by Ninerfan11
Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed.
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Not that I agree with the increase but it’s if you’re earning $1M or more in financial assets. This doesn’t effect very many people and definitely not the middle class and probably no one on CP.
People drawing out $1M or more in a year won’t be getting “crushed.”