Elimination of cap gains taxes?https://twitter.com/realDonaldTrump/status/1257741326650470400 …
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If he gets a cap gains tax holiday, it’s going to look like the Oklahoma land rush while it lasts. Would be insane.
Agreed, would be crazy. Too much! I think he meant the application of state income tax to capital gains taxes. Never sold an asset that warranted it but you have to pay California’s max 13.3% if you’re living in San Francisco when you sell your startuphttps://www.forbes.com/sites/robertwood/2017/08/31/californias-13-3-tax-on-capital-gains-inspires-move-then-sell-tactics/ …
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Yeah at the state level capital gains tax is the same as income tax in many states.
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