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Go Back   Net54baseball.com Forums > Net54baseball Postwar Sportscard Forums > WaterCooler Talk- Off Topics

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Old 02-17-2021, 09:13 PM
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Default Potential tax changes under Biden

Itís a good summary of what may be proposed. Still early innings, but just an FYI so youíre not blindsided.

Also heard much of it will be back of the year (as heís tying it to infrastructure spending), meaning it wonít be in effect for 2021 but 2022.

https://www.jdsupra.com/legalnews/ta...biden-3358427/
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Old 02-20-2021, 07:33 AM
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Thanks, Josh. Itís crazy we are still paying tax on 100 year old items. How many times have taxes been paid on these little cards over the last 100 years.
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Old 02-20-2021, 09:39 AM
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My dad, an 70s-90s Republican, said the two taxes that shouldn't have been manipulated were the capital gains tax, and the estate tax (death tax). The threshold to pay these taxes were so high that only the truly wealthy had to pay them. My dad was a very successful individual, retired at 55 and has never had to return to work. My mother was stay at home. Even he would not have qualified to pay these taxes.

Our household is of the religious mindset (or Bill Gates / Warren Buffett), that to whom much is given, much is required.

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Old 02-20-2021, 11:49 AM
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Quote:
Originally Posted by edjs View Post
Thanks, Josh. Itís crazy we are still paying tax on 100 year old items. How many times have taxes been paid on these little cards over the last 100 years.
Hi Ed! Good to hear from ya! How you are well.
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