Generally I have issues with changes that cannot be planned
by catripledomer (2024-02-16 18:49:13)

In reply to: PBR Poll on Possible Federal Revenue Enhancements....  posted by Raoul


For example, B, D, F, and J. People make plans under current rules, then we change the rules of the game after people have already placed long-term bets. F is not as much an issue as I think people expect the current rules to expire next year anyway and go back down to current levels.

I would much rather see drastic cuts in spending than trying to increase "revenues" (one of my least favorite euphemisms for taxes). I would be very happy to throw away the entire tax code in favor of a national sales tax or other consumption-based tax as long as it is extremely simple to implement and doesn't have exclusions or loopholes.

I view $500k in capital gains as ridiculously low as it has a significant impact on almost anyone selling a business.