Laura Saunders
speaker
5,937 appearances
109 recordings
1 series
first heard Jul 2017
last heard Nov 2024
Laura Saunders’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Money Moves to Make Now to Reduce Next Year’s Tax Bill · 1 Nov 2024
podcast
for 2025.
And so this year you don't have to go through that rigmarole.
So it's another reason to have a look.
Well, it affects every part of us, everything we do, our health, our education, our saving for retirement, how we buy a home, everything.
It touches all of these things.
And so when it changes, that makes a difference, and it's going to change.
Capital gains are gains from investments, and typically they're not taxed until the investment is sold.
And so the concern is that some people can just carry investments on and on and on and on, and then they actually never pay taxes on them at all.
So what she would like to do is tax the capital gains on assets even if the asset hasn't been sold.
Above $100 million.
That's exactly right.
And it would put a minimum tax of 25% on those gains.
And it's very controversial because it upends the capital gains tax system.
But she sees it as a recognition that a lot of money is flowing to the top and staying there and never taxed at all.
Well, it got a lot.
It made people in high-tax states, especially blue states, very angry because they went from having possibly quite a large deduction to one that is only $10,000 per return.
So you get a $10,000 deduction.
Whether you're married or whether you're single, it might have been $40,000, $50,000 before that.
to raise money to use to lower other tax rates and things like that, to do other things that legislators wanted to do.
And for a long time, people in lower tax states have been angry or envious that that provision is in the tax code.
Showing 61–80 of 5,937 · page 4 of 297
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