Joe F
Disruption is hard.
Was on CNBC. It's on their web front page as well, also I see google found it on Market Watch.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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- elon is an ass
“there is no increase in the capital gains rate for taxpayers with income below $1 million.”.....Guess that does not apply to us TMC'ers since we are all make over $1M/year.
Yuri_G
Member
"The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public. A 3.8% tax on investment income that funds Obamacare would be kept in place, pushing the tax rate on returns on financial assets higher than the top rate on wage and salary income, they said."
Biden Eyeing Tax Rate as High as 43.4% in Next Economic Package
President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% to help pay for a raft of social spending that addresses long-standing inequality, according to people familiar with the proposal.
TheTalkingMule
Distributed Energy Enthusiast
* to pay for trillions in energy infrastructure, 12% of which will be done by Tesla.
StealthP3D
Well-Known Member
Pro tip:
Put the "eyeball glasses" ABOVE the bill of your baseball cap. That way, when you nod off they will still be pointing out the windscreen.
I haven't seen this Car and Driver story linked here:
Tesla Fire in Texas Crash Was Not How It Was Reported, Says Fire Chief
Persistent news reports that the 2019 Model S burned for hours and stymied fire officials are wrong, he says.
www.caranddriver.com
Even though some of this info was previously reported elsewhere, Car and Driver gets props for this coverage and deserves our clicks. Not only do they help refute that the fire was difficult to control, they cite Tesla and government safety statistics that show EV's are more than 10 times less likely to catch fire than gas cars.
If we only click on negative Tesla stories, no one will publish positive ones like this.
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Joe F
Disruption is hard.
Doesn't matter; The algo's pick it up and run with it. just like Tesla FUD.
It's for anyone making over 1 million, not 400k
Good post. I am saying that the point has been put forward that seat sensors prevent leaving the drivers seat. This was erroneous and unfortunately is getting hammered out in social media because that is the preference of Tesla for perhaps valid reasons. Tesla did not correct the faulty seat sensor narrative so now it has been corrected by a third party. All fine really. OTA update to follow by my guess.
It's always weird to look at what means by making over 1 million. If I make 400k,/year and sold 600k of Tesla gains, does that qualifies me as making 1 million? Because current capital gains tax is set up like this in which the gains taken out is also calculated into as income qualification for the 0, 15 and 20% increase."The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public. A 3.8% tax on investment income that funds Obamacare would be kept in place, pushing the tax rate on returns on financial assets higher than the top rate on wage and salary income, they said."
Biden Eyeing Tax Rate as High as 43.4% in Next Economic Package
President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% to help pay for a raft of social spending that addresses long-standing inequality, according to people familiar with the proposal.news.bloombergtax.com
Not the first time this has been asked
I'm afraid to say that it is actually me, in one of my more dignified moments...
JRP3
Hyperactive Member
Wasn't just $TSLA, was all EV stocks - of course maybe it was the CR effect on $TSLA and the rest followed copycat...
It's not really new news. It's been known for some time that Biden was considering asking for Congress to do something like this. Particularly the Senate would not likely stand for a proposal this egregious. Nevertheless, some algobots reacted quickly with sell orders. Cooler heads have started to bring stocks back above the overly reactive lows. Meanwhile, write Congress.
HG Wells
Martian Embassy
No wonder you don't come into the office anymore.
Tbh, the proposal sounds like an initial offering to a negotiation that's going to be long, drawn out, and ugly. This affects me. Is it going to be possible to get this passed at all in the Senate?
Based on GB's reaction, this is a strong presidential move!
Artful Dodger
"Neko no me"
Clearly, this additional well-timed "leak" was part of a larger PR campaign by shortzes to flood the narrative with negative news before what will be an all-time record Earnings Report.
And they are afraid. Very afraid. Enough that they're spending like drunken sailors on this PR blitz.
Individual tax changes are going to be coupled with the 2nd part of the stimulus plan that Biden has planned. This has nothing to do with the Infrastructure plan that Democrat's are hoping to pass by July which would include the EV credits expansion.
Odds are, the individual stimulus plan and corresponding individual tax changes are going to take a long time to pass....a very long time. I doubt it passes this year. And likely, there will have to be some compromise like the new capital gains tax taking 1-2 years to go into effect.
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