President Biden and the IRS can’t get enough of taxing Americans.
The president reportedly seeks to raise the capital gains rate to what some are calling the “official federal capital gains high” in his fiscal year 2025 budget proposal, raising capital gains to 44.6%. .
“Capital gains are what you get after you pay income taxes,” Pat Gray says, perturbed. “Now you invest some of the money that you paid taxes on, you get more money, and they tax it. And they tax it double at the same tax rate that you pay on your income. They’re trying to put a tax on it.” ”
“These guys will use any means possible,” Keith Marinak added.
Gray points out that it’s not just income taxes. The federal government also wants to raise death taxes and corporate tax rates.
“They’re going to make business in America even worse,” Gray says. “If capital gains taxes were raised this much, it would be the highest since 1922.”
The tax cap was terrifying during the Great Depression, but America is slowly returning to the state it was in under Woodrow Wilson.
“That was a time when the state had no control over taxes. We go back to those days,” Gray said, adding, “We have to get rid of this man and his entire regime.” he added.
“He’s trying to kill us in every possible way.”
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