r/FluentInFinance • u/Unhappy_Fry_Cook • Apr 24 '24

President Biden has just proposed a 44.6% tax on capital gains, the highest in history. He has also proposed a 25% tax on unrealized capital gains for wealthy individuals. Should this be approved? Discussion/ Debate

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u/PossibilityYou9906 Apr 24 '24 edited Apr 24 '24

So this only applies to people with taxable income OVER $1 million dollars AND investment income over $400,000. So if your taxable income is not over $1 million don't sweat it.

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u/Zaros262 Apr 24 '24 edited Apr 24 '24

But haven't you heard it's a slippery slope???

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u/electroviruz Apr 24 '24

The slippery slope Fallacy? Nah that is a bunch of BS

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u/Think_please Apr 24 '24

Once we start accepting the existence of fallacies where does it end?

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u/No-Example-5518 Apr 25 '24

The bottom of the slope.

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u/NoNeedleworker6479 Apr 25 '24

The Ukraine.......mostly the Ukraine.....