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What's New "Capital-gains tax"



Bitcoin News
@BTCTN
Lobban asserts that "crypto transactions could be deemed to be capital in nature and thus liable only for capital gains tax."
May-10,2021 12:02
Likes:67   Retweets:25
                        
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PolitiFact
@PolitiFact
Chris Christie exaggerates about Joe Biden capital-gains tax proposal https://t.co/xiHGp3LlNg

May-09,2021 19:15
Likes:51   Retweets:25
                        
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Ashley Hinson
@RepAshleyHinson
The Biden Admin’s push to eliminate stepped-up basis & tax capital gains at death would ruin Iowa small family farm operations & businesses. I joined 130+ of my colleagues in writing to oppose the Admin’s tax changes that would devastate #IA01’s agriculture economy.


May-10,2021 14:52
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CFS Group
@CFSGroup16
A study estimated that 62% of capital gains would be subject to a higher tax under the White House plan, but less than 3% of those reporting gains would be affected. https://t.co/BjFgL7ypi7

May-11,2021 13:16
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HauRuck!
@Hauruck9
@woketopiansa @zhusu What do you mean when you say Portugal 0, capital gains tax? income tax?
May-11,2021 13:10
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Steamboat
@DeanLaird
An interesting opinion. .Long term capital gains, 43.4%, impact on real estate, 1031 exchanges
May-11,2021 13:06
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Misha Linnehan
@mishalinnehan
Something that no one will say in 2022:

"I was talking to a voter while canvassing, and they said they wouldn't vote for Democrats because we doubled the capital gains tax on people who make more than $1 million a year."
May-11,2021 13:05
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Brendan Burwood
@BrendanBurwood
@elonmusk Absolutely! Also means we won't need to pay capital gains tax on the growth of our Doge, since it will be using crypto for a normal purchase, rather than an asset sale from an investment.
May-11,2021 13:03
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Kim L Nugent, CFP(R), AIF(R)
@wealthmanagr
Wealthy Americans are asking the same question right now: how to prepare their portfolios for what could be the highest capital-gains tax rate in decades. Here are some answers. https://t.co/BzZvs1aigR

May-11,2021 13:02
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Defi Cat
@TheCryptovore
New Post: Indonesia considers capital gains tax on cryptocurrency trades
Link: https://t.co/WBLKs8Gf7q
#bitcoin #btc #crypto #cryptocurrency
May-11,2021 13:02
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  Latest News
The practices that make incredible vacation photos with sea turtles, whale sharks, dolphins or ocean creatures possible may also be putting wildlife at risk. Here's why.
May-11,2021 13:00
Likes:154   Retweets:43
 The New York Times @nytimes

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GREY
@IXNAYOTB
if only They gave us a supplement when we sell our losses since They wanna tax us on our capital gains.
May-11,2021 13:01
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Bruce Burnworth
@bburnworth
@karma_is_r3al While that is a possibility there are risks that I can’t afford: 1) if the stock goes way up (likely) then I will be forced to sell and owe a short term capital gains tax on the 97% gain. 2) if the calls expire worthless then the profits are taxed as ordinary income.
May-11,2021 13:00
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Four Points Funding
@4PointsFunding
It’s clear that the OZ investment benefit of tax free appreciation becomes even more valuable if there is an increase in the future capital gains tax rate. However, this increased value warrants some explanation and is a question we often receive.
May-11,2021 13:00
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Brendolicious
@Yaboibrendo
@ClawTheSun That’s fucking wild and in my opinion if they do pass the 43% tax on capital gains I don’t know if they realize it would probably crash the stock market 😂 and they’d wild just because they can tax it
May-11,2021 12:59
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Barry Milligan
@BarryMilligan8
One simple strategy I employ is to keep my taxable account as much as possible in long-term and tax favorable investments, (except for my trading, due to margin account) long term capital gains and qualified dividends make a big difference.
May-11,2021 12:58
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CriticalNOX
@CriticalNox
I'm so much happier with Biden in Office, people paid not to work, 401K in nose dive, capital gains tax coming, gas and grocery prices skyrocketing, HR1 voter fraud legislation coming, what's not to be happy about---if your not a taxpaying citizen!
May-11,2021 12:58
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adamheath
@aheathcetinski
Biden’s plan to fully tax capital gains is good policy https://t.co/tpUODmUMJo via @Yahoo
May-11,2021 12:54
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Peter Scowen
@scowen13
Idea: If homeowners are exempted from capital gains tax on the sale of their primary residence, then renters should get a capital-gains exemption equivalent to the rent they pay for *their* primary residence.

https://t.co/bWN6Cbpkkg
May-11,2021 12:53
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UKinSFO
@UKinSFO
@ElRaynerista @DoricChiel74 She does now. In 1992 the Queen volunteered to pay Income Tax and Capital Gains Tax. Since 1993 her income has been taxable. The Queen has always been subject to VAT.
May-11,2021 12:51
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Howard Pelling 💉💉👍
@howardpelling
@justinbaragona Can you pay capital gains tax with food stamps?
May-11,2021 12:50
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  Latest News
Federal agents descended on a temple in New Jersey, built by a prominent Hindu sect with close ties to India's ruling party, after Dalit workers said they had been lured there from India, confined to the temple grounds and forced to work for $1 an hour.
May-11,2021 12:36
Likes:275   Retweets:143
 The New York Times @nytimes

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Diane Crawford 🇨🇦
@retiredknitwit
@Belgium1649 @newsmax @kimKBaltimore Hey blue collar Republicans. Whatcha y’all think about the proposed capital gains tax increase? Time to tax the RICH? Heck ya. Because Trump LOWERED the corporate tax rate to 21% for the millionaire shareholders.
May-11,2021 12:48
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UKinSFO
@UKinSFO
@DoricChiel74 @ElRaynerista She does now. In 1992 the Queen volunteered to pay Income Tax and Capital Gains Tax. Since 1993 her income has been taxable. The Queen has always been subject to VAT.
May-11,2021 12:48
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HMRC Customer Support
@HMRCcustomers
@VaporGeorge Hi George. Unless you are mining them or being given them, they may be subject to Capital Gains Tax when you sell, see this guidance. https://t.co/4PrF4l9jLs Steve
May-11,2021 12:48
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Andrew - Games Designer
@Andrew_Makes
@Jabo_SCO @JackieF96766777 @JohnMcluskie2 Birth?

Rich families use it as an additional capital gains tax allowance, you know that right?
May-11,2021 12:47
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P
@PTRK0161
@sophieroyle wait until you see Stamp duty and capital gains tax! That will make you sick ha
May-11,2021 12:47
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Chris DeLuca
@hichrsdl
"I think it would be better policy to lower the income tax rate and raise the capital gains rate to something like 20% so that all income is taxed equally no matter how it is achieved and so they the net impact on revenues is neutral."

https://t.co/LqtvTErbFT
May-11,2021 12:44
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Cashflow.R.E.A.M.
@CashflowREAM
@KyleMacLeanX Do the math on the tax vs fee. Short term capital gains (any crypto you've held > 1 year) are taxed as income. Anything besides $USD to crypto is a taxable event. Sometimes it's cheaper. Kyle probably knows this, but for any one else
May-11,2021 12:41
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Jacob VanderVelde
@JACOBJMV
Hey anyone remember capital gains tax which would never pass? He ain’t got no one to tax if this keeps going. Buy the dip!!!!!! $HMBL #HMBL nation! Longterm we going to the moon! This ain’t no GME or AMC this is revolutionary!! #Blockchain #fintech
May-11,2021 12:39
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xandy, ovivore outlaw
@xandyarchive
Good.
May-11,2021 12:37
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Barnabas Debreczeni
@keo
Hungary cuts capital gains tax of crypto gains from 30.5% to 15%. 😎

This was long overdue and a great move. This will help crypto investors in buying a nice property and a lambo without the fear of retaliation. 😅

In the meantime, seasoned traders will keep profits in USDC 🤑
May-11,2021 12:35
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Making Tax Simple
@MakingTaxSimpl1
@herod1981 If you earn btc on it then the value that you earn will be taxable through income tax at the point you earn it i believe. Then if you sell for a gain in the future then you will have capital gains tax on the gain made
May-11,2021 12:35
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Dr. Thomas Hoke
@hoke_thomas
If you need more evidence that ideology more than common sense is driving the Biden, look no further than its trial balloon to raise the top tax rate on capital gains to 43.4%.
Premise behind this is a preferential tax rate for long-term capital gains is an unjustified loophole.

May-11,2021 12:35
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Roger Bernard
@rbdirectservice
Seems there a lot of thing flawed with HMRC starting at the top.

https://t.co/6BYhEEOAWZ
May-11,2021 12:34
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Stevie Vixx ☀️₳Ⓟ
@vixcontango
Ronald Reagan raised capital gains tax rates from 20% to 28% in 1986.

If RAISING CAPITAL GAINS TAXES is good enough for The Gipper, it is good enough for Biden.

May-11,2021 12:30
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deb gee
@debster_92
@JohnPasalis I mean, FFS they limit a measly TFSA amount per SIN to 5500 per year, can't they limit a capital gains Tax free item to one per SIN?
May-11,2021 12:25
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Kevin Turvey 🇬🇧 🇪🇺
@KevinTurveyRIP
@mediawhizz @HardCentrist Have you included VAT in that tax calculation? Or capital gains tax, the road fund licence, fuel duty or duty on cigarettes and alcohol?

We're talking about people that love the country so much they haven't lived here for a decade and a half.
May-11,2021 12:24
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Ted Abram
@TedAbram1
Clinton REDUCED CAPITAL GAINS tax from 28% to 20%. CLINTON'S “New Democrats” understood the importance of economic growth. BIDEN'S DOUBLING WILL DESTROY INNOVATION IN AMERICA. https://t.co/QPCce1Mmqb
May-11,2021 12:23
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skogssittaren
@skogssittaren
@BTC_Archive @btc How governments will start to accumulate bitcoin:

-- Sell your bitcoin to your local government

0% capital gains tax

-- Sell bitcoin on an exchange

30% capital gains tax
May-11,2021 12:19
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Alaskan Groucho
@AlaskanGroucho
To fund it, I would raise the tax on capital gains to the same as ordinary income. I see no reason why capital gains income should be any different than a pay check. Large one time capital gains can be handled by income averaging on the tax return.

7/
May-11,2021 12:19
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Beyond Mike
@byndmike
Investors concepts of "short-term" and "long-term" often coincide with the capital gains tax rates (e.g., IRC §1222; <> 1 year).

This is an arbitrary, regulatory construct, largely independent with performance/persistence data.
May-11,2021 12:18
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Carter Collins & Myer
@CCMaccounts
What are the features of the capital gains tax system? #finance https://t.co/PbYzP0Dm4r

May-11,2021 12:17
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Be Grey; Do Crime 🏳️‍⚧️
@Grey_IsTrue
Ban crypto-capital.

Impose a retro tax on excessive crypto-gains to make up for the damage already done.
May-11,2021 12:16
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Peter Bartone
@PeterBartone
Marginal tax bracket and holding period affect capital gains taxes. Learn more.
May-11,2021 12:15
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Marketmakers
@marketmkrs
@MasaSonCap I mean the countries will need to set capital gains treatments, and could just decide to tax it into the ground. Then again... what do I know? 🤷‍♂️
May-11,2021 12:13
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U.S. News Investing
@USNewsInvesting
Advisors should exercise caution when making decisions ahead of any tax changes that Congress may, or may not, pass.
May-11,2021 12:13
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atomi
@atomi
California coming out with a $75 Billion surplus.

"California is unusually reliant on receipts from capital gains tax..." -
May-11,2021 12:12
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Freddie
@Fred2329
@NewsLive_SA @yakyak51 @PLMyburgh Lucky owed SARS R1,6 million on capital gains tax on property he sold.He had to pay it when properties was sold..Sars attached his cars and household goods. You are not talking about a poor person but a crook.Stick around till the end of Lucky story..See if you are right or me😁
May-11,2021 12:10
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Do you even Crypto brah?
@CryptoPotato21
@ashwsbreal I wonder when they'll catch up with the Isle of Man... 0% capital gains tax... 👀
May-11,2021 12:10
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The L says we need Medicare For All
@LchanPlays
@AinsOoalGown20 @ninaturner Instating a capital-gains tax and bringing the top income tax bracket’s percentage to 1960s levels would be a good start.
May-11,2021 12:06
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CriticalNOX
@CriticalNox
How do all you employed taxpayers like where your 401Ks are heading? At this rate there may no be any capital gains for Biden to tax.
May-11,2021 12:03
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Sabur Private Wealth Management
@SaburWealth
If Biden's current proposal goes into effect, it may have an impact on startup employees who aren’t (yet) wealthy, and the Biden Administration is unlikely to have considered these consequences. #stockoptions #startups #forwardthinking
May-11,2021 12:00
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BTCsquare
@btcsquarenet
A new capital gains tax scheme on crypto trades is still being discussed

via @Cointelegraph by @coindanslecoin

#btcsquare #pluracoin #altcoins #cryptocurrencies #Crypto #cryptoexchange #bitcoin

https://t.co/SJWTA2Rxar
May-11,2021 12:00
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Toshi Clark
@maximumcharacte
If you have more than $2.5mm appreciation on your family residence or $1mm in annual income then bully to you, but don't expect us working stiffs to cry about capital gains tax increases.

Yes, I'm still a working stiff in this reckoning.

https://t.co/2qgQAHmMPc
May-11,2021 11:59
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FactsLivesMatter
@yr_bbfan99
@TheShoeCopper1 @thehill I don’t think the Capital Gains Tax should be raised as high as he wants it to be. It probably won’t though. I think he should walk back some of the money he proposed for electric vehicles in the AJP. I don’t like that he filled some immigration courts with Trump judges.
May-11,2021 11:58
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Diane Crawford 🇨🇦
@retiredknitwit
@newsmax Hey blue collar Republicans. Whatcha y’all think about the proposed capital gains tax increase? Time to tax the RICH? Heck ya. Because Trump LOWERED the corporate tax rate to 21% for the millionaire shareholders.
May-11,2021 11:57
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House Committee on Small Business Republicans
@HSBCgop
Biden’s tax hikes will not just harm "the rich."

❌ Corporate tax hike will fall on workers with lower wages & fewer jobs
❌ Second death tax will hit family-owned businesses
❌ Capital gains tax hike will deprive small businesses of new capital

https://t.co/SKvxZNYGPd
May-11,2021 11:56
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Diane Crawford 🇨🇦
@retiredknitwit
@LivingInCA @DeanObeidallah Hey blue collar republican. Whatcha think about the proposed capital gains tax increase? Time to tax the RICH? Heck ya. Because Trump LOWERED the corporate tax rate to 21% for the millionaire shareholders.
May-11,2021 11:56
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Nathan Bouvier
@NathanBouvierr
@PrestonPysh BTW, 0% on capital gains in Switzerland, including crypto. Yep, 0. A Swiss tax lawyer.
May-11,2021 11:56
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skogssittaren
@skogssittaren
@DocumentingBTC How this will evolve:

Sell your bitcoin to your local government -- 0% (or low) capital gains tax.

Sell your bitcoin on an exchange -- 30% (regular or high) capital gains tax.

This is how governments will start accumulating #bitcoin
May-11,2021 11:55
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Michael Venuto
@michael_venuto
Many worry that raising the capital gains tax could sink stock prices, but there’s not a lot of evidence for that. #stocks #markets #economy #investing #financialservices

May-11,2021 11:55
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CryptoSchmo 🔶
@CryptoSchmo
@sarstax If you drop capital gains tax on Crypto to 5-7%, you will see the biggest inflow of immigration and thus exponential growth in tax in SA history - run the numbers yourself.
May-11,2021 11:53
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skogssittaren
@skogssittaren
@PrestonPysh How this will evolve...

Sell your bitcoin to your local government -- 0% (or low) capital gain tax.

Sell your bitcoin on an exchange -- 30% (regular or high) capital gains tax.

This is how governments will start accumulating #bitcoin
May-11,2021 11:53
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JoyBoyCrypto
@JoyBoyCrypto_
Canadian crypto tax laws are outrages...50% capital gains tax and then another % on the remaining profits based on your tax bracket...?
May-11,2021 11:51
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Keeper of the Wally.
@tracysonnier
@elonmusk Just please give all these first time investors a heads up about capital gains tax before they dump their profits into a new car. Obviously it’s not Tesla’s responsibility, but Elon holds some for encouraging people to jump headfirst into crypto.
May-11,2021 11:48
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Gazza
@dappa808
@Lord_Ashdrake @sassal0x This has been debunked. Portugal will still tax you like regular capital gains if you’ve done ANY trading. If you bought and only held you ‘might’ be ok. There’s a lot of grey areas which mean you may or may not get taxed.
May-11,2021 11:48
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Herod
@herod1981
@MakingTaxSimpl1 if I regularly trade btc on bybit and I earn btc for my trades and I don't convert it back to £. Do I have to pay income tax? Or just have to pay capital gains tax in the future when I eventually do convert it into fiat?
May-11,2021 11:47
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Chuck McLane
@ChuckMcLaneCBIZ
How high should Biden raise the capital gains tax? It's complicated, experts say -
May-11,2021 11:46
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Shane Larson
@shanenigans__
Meanwhile the US is proposing to raise capital gains tax rates, printing trillions of dollars, and funding the IRS to find ways to compromise hardware wallets. #bitcoin
May-11,2021 11:45
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TheStreet
@TheStreet
President Joe Biden recently announced his individual tax proposals.

Given the potential changes, what might you consider doing with your assets?
May-11,2021 11:45
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SgtBrown'sNecktieCoffeeHouse
@SgtBrowns
@SenWarren @Nidia87450734 It may make sense to tax billionaire's yachts, etc., but property tax is not a wealth tax, it's related to local services and schools etc. Tax on things like diamonds and art collections is called capital gains tax. Congress should fix the loophole .. 1/2
May-11,2021 11:41
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Momof7Spawn
@Adriane08169906
@RepCawthorn Add capital gains tax in there too. What’s the point to work hard if close to 50% gets turned over to the crooked government.
May-11,2021 11:41
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GaryJMilne
@GaryJMilne
@PrestonPysh Preston, regardless of the tax rates on #Bitcoin in Hungary or any other country, all US taxpayers would pay taxes according to US tax rates for capital gains or income.
May-11,2021 11:40
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Beyond the Boomers
@prycediscovery
@StephenPunwasi If Canada really wanted pie in the sky RE prices, they should announce no capital tax gains on crypto.
May-11,2021 11:40
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Blue Fred/redfred
@Talk_Of_The_Day
The Queens speech , large companies will not have to pay capital gains tax until 2025 . British people will fund government funding by stealth taxes & BORIS will tell you he is levelling up but ordinary workers still will not be able to afford a moorage & use food banks #REDFRED
May-11,2021 11:40
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Ryan Dunn
@ryandunntweets
Update:
- Stock market is completely MEH
- Gas is a scarcity and we’ve lost energy independence
- Raising taxes and capital gains tax
- Spending trillions
- Border crisis
- Wars breaking out in Middle East
- China pushing hard into Taiwan
Has anything good come from this admin?
May-11,2021 11:40
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Billionaires Should Not Exist
@DamianFromDerry
@BBCPolitics Somewhere?

#WealthTax Higher Capital gains tax. Higher Top rate tax. Close tax avoidance by multinational loopholes.

Try looking where the vast majority of the money is going.
May-11,2021 11:39
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Dori Smith
@Dori_TalkNation
https://t.co/L51Bj0QuPi Opposing viewpoint: Biden plan to tax cap gains, good.
https://t.co/8iUPfLka8d
May-11,2021 11:39
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mw
@mellow_wolf
@zhusu Opportunity zones in the US, with 0% capital gains tax if investments held for 10 years, may also become an attractant for large crypto holders. This is dependent upon expected regulatory clarification from the Biden administration.
May-11,2021 11:38
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Freedom Foundation (Parler: @FreedomFoundation)
@FreedomFdtn
Capital gains tax: A look at how Washington got here and what’s still to come

https://t.co/CTXpyxtr3o
@SpokesmanReview @LaurelDemkovich
#waelex #waleg #incometax #taxtwitter #taxes
May-11,2021 11:36
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Sedoi
@BSedoi
Goldman estimating that realized capital gains from 2020 stand at a record $1.64 trillion, with only 66% of tax returns filed as of 4/30.
May-11,2021 11:36
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ManAmongTheRuins
@RuinsMan
@zhusu There are jurisdictions with zero tax on crypto, zero capital gains, zero wealth tax...
May-11,2021 11:35
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Owen Zidar
@omzidar
President Biden’s push to raise taxes on capital gains for high-income households to help pay for his antipoverty program faces skepticism from some fellow Democrats, who say they are concerned higher rates could slow economic growth https://t.co/uhmnbRsxQv via @WSJ
May-11,2021 11:34
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Dori Smith
@Dori_TalkNation
@JasonLeopold We are seeing the 'market' news media media hit Joe Biden's tax plan hard. They want to keep Trump's lascivious affections for the rich, expressed through tax breaks, breaks on capital gains, etc. and are willing to push markets down to get him to back off.
May-11,2021 11:34
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DouglasJonesNews
@enterobanger
But what if the security is held for longer than 24 months, does it then become not taxable? Or does the tax rate just become more favorable? #SIE #FINRA #SecurityIndustryEssentialsexam this has me thinking of the capital gains rules for the sale of a home

May-11,2021 11:33
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Adam Morgan
@adammorgan84
75% of stock owners won't be subject to Biden's proposed capital gains tax hike. Here's why🤔 https://t.co/KWrj1tJKP2 #NovemGroup #CapitalGains #Tax

May-11,2021 11:30
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InMyHumbleOpinion
@IMHO1969
@alevental @alexdedw @kaitlancollins California is unusually reliant on receipts from capital gains tax, hence the higher markets meant they went from a projected deficit to surplus.
May-11,2021 11:30
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StuartWellers
@StuartWellers
Paying Capital Gains Tax #CGT can be confusing and how to deal with it can depend on your situation.

Need advice? Be sure to reach out > https://t.co/HaauQ0YMfi @WellersSME

You can find me on @companybug answering this reader's question on the subject...
May-11,2021 11:28
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Andrew A. Ray
@AndrewARay
@Eva29699088 @LynAldenContact Also if people sell now, they realize capital gains, which increases 2021 tax revenues.
May-11,2021 11:28
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Sean Turner💛 Wear a mask!
@allareblessed
What Retirement Savers Need to Know About Capital Gains Tax Changes - TheStreet
May-11,2021 11:28
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Sebastián
@SebastinPatron3
@christi60098792 @CathieDWood It's ludicrous to use $BTC as form of payment when there's a capital gains consequence on top of any sales tax. Basically paying a hefty premium for paying w $BTC
May-11,2021 11:28
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Lisa
@DiceCookPlate
NJ & NY can negotiate a different tax, but then they can suck it up. Raise capital gains. Increase inheritance tax over a certain amount. We need these changes to pay for all that us needed. Stop thinking about only yourselves & the wealthy. 3/
May-11,2021 11:22
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Sahil Sood
@sahielsood
California swung from bust to boom with announcement of $75.7 billion for tax payers if approved would be the largest in US history. A year ago at this time it was projecting $54 billion shortfall. Amazing comeback during pandemic.
Reason: Startups, capital gains & work from home
May-11,2021 11:19
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Donald Price
@dwprice
Biden’s Tax Hike on the Wealthy Is Incredibly Popular. Why Scale It Back? https://t.co/Cb86zrQhUW via @intelligencer
May-11,2021 11:18
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Sleepy Gonzalez
@ThegirlMelanie
🤔 how to move crypto to liquid without incurring the high capital gains tax 🧐🧐
May-11,2021 11:14
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Michael Varis
@michael_varis
For the first time, Washington state enacts capital gains tax. Find out who this affects plus other details in a recent #RSM tax alert. https://t.co/FXHCuHUbzO

May-11,2021 11:12
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harshjain.eth
@elliot_yagami
@NotoriousPtG @sasuke___420 @dcfgod What if the airdrop is considered as income, not gift?
Then he will have to pay income tax on initial amount and gains tax at end of financial year. Though i heard he lives in singapore where there is no capital gains tax.
May-11,2021 11:09
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DM2602
@DM2602
@DeFi_Ilya @earthmagazin @alfonso98234773 @DeItaone capital gains =/= crypto gains
crypto is treated like a currency how it should be and you only pay wealth tax
May-11,2021 11:08
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EFF_G
@eff_g90
Capital gains tax*
May-11,2021 11:07
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Jake Loft is Infrastructure
@l0ftzilla
My back is killing me and the only thing that would help would be eliminating the capital gains tax.
May-11,2021 11:05
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El Simio Loco
@IMaximum1979
@GSuskinWSOC9 Oh, how could I forget. Major Tax increases and Capital Gains at record high numbers. In addition, Americans get $600-$1200 Stimulus checks and the swamp gets to fill their pockets w/the rest and people at the border get free food, flights, Healthcare & in person schooling. GTFOH
May-11,2021 11:05
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