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Don’t Forget The Inflation Tax On Stocks

Wait. We aren’t done yet with Biden’s phony baloney numbers. Inflation is now running at 8%. So, if a company’s value rose by 7% or less last year, you LOST money if you owned the stock.

But the capital gains tax is NOT (even though it should be) indexed for inflation. (This is the main reason that the statutory capital gains tax is lower than the income tax rate.) So, under Bidenomics you can pay a tax on the sale of a stock even if you lost money due to inflation. Your effective after-inflation tax rate is not 8%, or 23.8%, it’s OVER 100%.

How is that fair?

No wonder the left loves inflation.

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