BREAKING: President Trump's capital gains tax cut discussions include "indexing" capital gains for inflation BEFORE taxes are calculated.
This would mean that taxes would be applied on gains adjusted for inflation.
For example, if you purchased a stock for $100,000 and sold it 5 years later for $200,000.
Under the current system, you would owe capital gains taxes on the full $100,000 gain.
But, if cumulative inflation over those 5 years was 20%, your inflation-adjusted cost basis would rise to $120,000.
This means you would only owe capital gains taxes on the $80,000 REAL gain, rather than the $100,000 nominal gain.
Trump has also suggested exemptions for sales of homes worth $2 million or less from capital gains taxes.
We expect more details soon.
🚨 NOW: President Trump NAILS IT PERFECTLY
"How would YOU feel if I took MESSI out?! 'He ran into somebody!' Or we took RONALDO. He bumped in to somebody, we're gonna take him out! Or Harry Kane! You CAN'T DO THAT."
"I think it would've STAINED this incredible—we gotta have our best players. Belgium's got a great team. They have to have their best players!"
"Otherwise, let's say we lost him and lost the game—it would be a TERRIBLE THING."
"I think it would have had a big stain, and I relayed just that feeling. I didn't tell him what to do. I can't tell him what to do, but, and I don't believe he made the decision."
"I think it was a committee that made the decision. And they made the right decision, because number one, it wasn't a foul. And you want to see a game with your best players."
.@POTUS on Balogun's red card: "I've never seen anything like it. I saw the play... that wasn't a foul. That wasn’t even an infraction. That was two guys running full speed that happened to crash into each other... So yes, I asked for a review by FIFA."
I’m sorry but Messi is simply the best of all time. Be grateful you got to see him play the beautiful game, you’ll never see another like him ever again.
The goat of this great sport. Lionel Messi
Luka puts on Texas by BigXthaPlug and puts the volume up during Austin’s interview 🤣🤣
Austin: You only like the song cause it says your name
Reporters: He just left
Austin: Of course he did