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John Beverstein's avatar

Many thanks for your insights and so glad you are feeling better! This just reinforces the reasons why we need to fact check what we hear and read, regardless of the source. We should also remember that if you do a good job of controlling what you can control in your life, that you should not worry obsessively about who is in charge or which side has the majority! Just my humble thoughts.

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Jim Lindsay's avatar

Welcome back, hope you feel better.

Harris did not say she would cut taxes, but would increase them. Adding capital gains at much higher rates like 44% and even taxing (or trying) on unrealized gains. The later would be a nightmare.

When a taxed unrealized gain goes down, one would get a credit. I don’t think she could get this passed. But by no means is she saying she will lower taxes.

If she / they do not renew the Trump

Reform in 2025. Everyone gets a tax increase. It reverts back to 2017 tables.

The only ones that would give a break to are the wealthy in CA, IL, NY that get hit with SALT 10K limitation.

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