My Thoughts On Paying Higher Taxes (Joe Biden Response)

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THE NEWEST TAX PROPOSAL:
00:00 - Paying Higher Taxes
01:52 - 44.6% Capital Gains Tax
03:54 - Total 59% Capital Gains Tax
04:57 - 39.6% Top Federal Income Tax
06:21 - Creating Videos with InVideo AI
08:02 - The 25% Wealth Tax
11:40 - Removing Unlimited 1031 Exchange
15:35 - Tax Stock Buybacks (Lower Stock Prices?)
17:12 - Higher Corporate Taxes (Lower Wages?)
19:05 - My Thoughts On Paying Higher Taxes
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7 июн 2024

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Комментарии : 3,5 тыс.

@GrahamStephan Месяц назад

-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1JTbwYs0KR8Vr7LVLaMCRxHPz6-HYB5R0stKERvAuLkk/edit?usp=sharing -Thanks to InVideo AI for sponsoring this video! Just go to this invideo.io/i/GrahamStephan and use my code “GRAHAMSTEPHAN50” to get twice the number of video generation credits in your first month.

@OwenWithAHammer Месяц назад

neat

@henrythegreatamerican8136 Месяц назад

It's not about higher taxes. It's about taxing proper things. A good start would be a wealth tax on all assets owned at the end of the year at their current value whether you sell the asset or hold the asset. Do that, and the price of assets would drop. This would let more average working people afford things like houses for example. This would also reduce the need to go into major debt to own things as an individual. And it would help with the overall debt of the country.

@DjornNorthfield Месяц назад

I hope everyone else is enjoying the government taking our money and sending it over seas!

@Philipmysolocup Месяц назад

Rich guy that made his fortune as a price arbitration middle man for other people's housing is upset he is expected to pay his fair share into society. Truly incredible times we live in.

@WillN2Go1 Месяц назад

The sources are obscure, dubious at best. So the Wall Street Journal isn't reporting on any of this shocking news? Bloomberg is on the list, but it's just bond yields and the Fed Rate. Nothing at all to do with the crux of what Graham Stephan is trying to put over. This is like putting a stock photo of Warren Buffett above your article on the best snake oil investments. It's a fake display of integrity. the fact that Graham pulled this stunt should make you suspicious. This election year you have to be extra cautious. The Russian FSB is working really hard to sucker Americans into not voting or voting for Trump (who already said he doesn't support Ukraine or NATO.) It's a lot cheaper and easier for Russia to undermine our elections than it is to win the war they started. I don't think Graham is part of this, but that's why the Russians call them poleznyy idioty (useful idiots.) He's clearly trying to drum up support for Trump and the Republicans.

@logancollins6299 Месяц назад

Being a US tax payer is like being in a relationship with an unattractive gold digger.

@FreeComputerTutor Месяц назад

LOL, perfect line.

@occupytosavetheworld Месяц назад

Always nice to have two of those in your life

@Greg3 Месяц назад

If you're not buying Byte, youre missing out on the next Shiba Inu. Ask Grok about Elon's AI dog and you will realize why.

@rdebortoli Месяц назад

Compared to almost every other country…it’s just a gold digger…

@MR-dz8ex Месяц назад

I’m left speechless

@maxkudos5343 29 дней назад

The government will always ask for more water to fill the bucket rather than trying fix the hole in it.

@keithnsearle7393 28 дней назад

You are correct there.

@belindamiller6349 27 дней назад

Perfect analogy.

@riserjenkins811 25 дней назад

Not only does the bucket have holes in it but they keep drilling more holes; while complaining there is never enough water in the bucket. But at least the politicians get to line their pockets and become rich. Aint corruption great.

@joshmuirhead1154 25 дней назад

Absolutely. Wreckless spending.

@RyanEstep5877 14 дней назад

They PUT the hole in the bucket.

@ThereaPugh 26 дней назад

Bought AMS89H at 1$, I will keep it until 2025 when it reach 250$

@chanduyadavavula6549 26 дней назад

What do you think sets AMS89H apart from other projects? It seems to be dominating discussions lately

@user-tl3xu9vt6f 26 дней назад

This is good project from Amazon

@Faizanshah78655 26 дней назад

Much better than all those shits altcoin with no utilities

@NuraniCartoon 26 дней назад

thanks for sharing, I just bought it

@pankajjha583 26 дней назад

very promising

@Mrbigglesworth777 24 дня назад

The government taxing unrealized gains is the equivalent of me claiming my sperm as dependents

@yourloyalfollower6667 19 дней назад

😂😂😂

@ssj4achilles57 17 дней назад

😂😂😂

@pauljohnson8688 17 дней назад

So if the govt can tax unrealized gains, can I write off unrealized losses?

@blakemcleroy4812 15 дней назад

Fn golden 😂

@ledzeppelin1212 8 дней назад

Haha nice!

@jjquan7783 Месяц назад

Full transparency on where our tax money goes is by far the best thing for the US citizens

@MaxwellsAxiom 29 дней назад

War.... that's where it goes

@ignaciomiranda7579 29 дней назад

not gonna happen, the DOD has failed several times to show where our trillions of dollars goes. But hey, at least they are trying imma right?

@RaymondTusk74 29 дней назад

@@MaxwellsAxiomNo…it goes to social security, Medicare and Medicaid. Then defense and INTEREST on US debt are about 10% each. War isn’t even close.

@MaxwellsAxiom 29 дней назад

@RaymondTusk74 you tell me who's living better retirees soley on SS, people on Medicare, or defense contractors?

@RaymondTusk74 29 дней назад

@@MaxwellsAxiomIn your mind, is that an intelligent and relevant response? You claimed the majority, perhaps just the bulk of the budget is defense spending. It’s not. It’s around 10%. The post suggest the rich aren’t taxed. They are. They pay BASICALLY ALL OF THE TAXES. So respond with knowledge, not childish questions.

@Mxyamaharider Месяц назад

And we fought a war over a 2% tax....

@quantumtechcrypto7080 Месяц назад

Actually we defined our independence but now the imperialist Britain is in bed with Israel as is Canada and of course big Israel….amerika

@DonnieDarko727 Месяц назад

Actually the elites got.held back by the King to not go past the Mississippi. That's why the Revolutionary War started. Lay off the kool-aid

@VoodooPanda1 Месяц назад

Yeah, just a 2% tax. Nothing else you're forgetting to mention here...

@quellem7 Месяц назад

@@VoodooPanda1doesn’t change the fact that Americans in this day and age are pushovers. Taxation without representation and legalized bribery in the form of lobbying what you think the founders would have done in this day and age?

@whorhaydelfuego7190 Месяц назад

The tax wasn't the issue, it was the not having any representation among the legislative body levying that tax.

@windupmerchant1679 5 дней назад

Please tell us your thoughts on RU-vid scams.

@DMDBSJD 25 дней назад

20+ year Tax Attorney here . . . very well done! Great analysis and explanation of a very complex area of law.

@ShapeshifterOS Месяц назад

The unrealized gains tax proposal is what I find most insane about this bill. You can't tax a sale that hasn't happened yet!

@GrahamStephan Месяц назад

They've tried this before, isn't going anywhere

@Inbal_Feuchtwanger Месяц назад

@@GrahamStephan Its not meant to go anywhere either. Just pre-election populism

@BnMProductions11 Месяц назад

It's a way to force the ultra wealthy to do something with their money other than park it in assets. As I understand it is only over portfolio sizes exceeding 100MM dollars. Obviously not affecting your normal person. People with that net worth are causing a massive imbalance in the world and they need to be changed.

@intriguedviewer501 Месяц назад

Property tax is similar, for better or for worse

@cuzzourt35 Месяц назад

Maybe limit it to taxing money borrowed against gains on publicly traded stock.

@jamiemoyer5839 Месяц назад

Government be like “reduce spending?!, nah, we’ll just raise taxes and keep spending.”

@DG-mk7kd Месяц назад

buying votes with other people's money

@steveetier3025 Месяц назад

My thoughts exactly.

@JeikuAnimeReview Месяц назад

*Prints TRILLIONS* *Sends billions to foreign countries* "Inflation is high? Lawl, too bad, pay more taxes!"

@CountBeefy Месяц назад

They print money. No need to tax more. They literally just want us all to be broke/slaves to the system

@nicolasgirard2808 Месяц назад

@@JeikuAnimeReview What should they cut?

@tyroilsmoochie-wallace 5 дней назад

GIVE ME MY MONEY BACK STEPHAN!!!!!!

@RLSteve 28 дней назад

This has nothing to do with raising revenue and improving the economy, this is just about punishing people who have more.

@LizThomas-dp7sr 4 дня назад

No its about kicking out the ladder from any one trying to rise their socioeconomic status.

@connerswigart5397 День назад

It’s about improving the middle class

@RLSteve День назад

@@connerswigart5397 Taxing the rich more will do nothing to improve the middle class.

@connerswigart5397 День назад

@@RLSteve of course it will can you explain why it wouldn’t? Look at the 1940-1960s(highest wealth tax) there was massive public investment, income inequality shrunk, companies were more incentivized to invest back into the system, and there was a strengthening of the middle class

@RLSteve День назад

@@connerswigart5397 More money alone doesn’t solve the problem. It’s about regulations. Example, why is there a shortage of housing? Because foreign investors are buying up all the properties. Why is healthcare so expensive? Because of administrative bloat. The middle class may be shrinking, but the upper class has been growing bigger. We have a bigger upper class than we used to.

@irfanAbdulsamet Месяц назад

With AWMKPX this year is way different and way more powerful as well. These guys did everything right and they can only improve more and more, love it

@MortimerHeddlesten 29 дней назад

Better than XRP, better than ADA, better than any AI coin

@AlberthaPasek 29 дней назад

Can I get it without my Amazon acc?

@user-xp3yg8eg3r 29 дней назад

How can one comment be more useful than anything I saw on this video?

@AlberthaPasek 29 дней назад

Someone should talk about it, review or something...

@milan-vm6ir 29 дней назад

It's worth the time to get to understand it better, most powerful company in the world making a coin isn't playing around

@NWforager Месяц назад

tax on UNREALIZED gains for average investors is an INSANE Money Grab . Its not like the Gov is efficient at using using taxes .

@WillyJWill Месяц назад

How much money do you think average investors get from capital gains every year? Lmfao

@AlexanderTheGoodEnough Месяц назад

Only applies if your net worth is over $100 million. Plus any payments are credited against the final tax bill. Still, it screws things up royally without really addressing the fundamental issue. Best bet was always tax reform by reducing its complexity and closing loopholes, not adding in more to complicate everything further.

@ethansmith8813 Месяц назад

@@AlexanderTheGoodEnough In the beginning of income tax. That's how they sold it. Said only for the rich. Then used salami slice tactics to tax everyone

@JS-fd5oh Месяц назад

@@AlexanderTheGoodEnough Credited? And what happens if you sell for loss? Do you really think they will return your "credited" money immediately? Or it will be a slow painful boiling process?

@illhaveanother8173 Месяц назад

This won't even effect the creator of this video. You need a portfolio worth over $100 million for it to happen to you. That's still an easy life and not worth shedding any tears over.

@billsmafia1783 29 дней назад

You don’t pick sides because you don’t want to get canceled LMFAO

@siphonicdanox 7 дней назад

it don't matter, this administration needs to go.

@JustinPratt1 4 дня назад

@@siphonicdanox And what do you think the other side will do? trump increased spending every single year he was in office from obamas spending. He pushed the fed to keep rates low, even suggested negative rates, passed a horrible tax plan. What in his last admin makes you think he will fix anything? What will he do to fix anything? Please, be specific on his plan.

@shawnprince2884 28 дней назад

I just want to say thank you for the work that you do. This is extremely beneficial. This is what people need to know, need to understand, need to be aware of. Lastly, always go with your gut, this is one of your best content!

@airplanekiwi6019 Месяц назад

Primary residences should be exempt from capital gains taxes

@Hunter200012MC Месяц назад

I never even thought about that. I 100% agree. Especially if you lived in the home for a long while. Maintaining it, and paying property taxes along the way. Thanks for your insight. Very good idea.

@spyichooseyou Месяц назад

They are for over 400k

@DryEis Месяц назад

@@spyichooseyou 250k for single filers, 500k for mfj.

@Dgnmuse Месяц назад

They are and in Canada they are too. I don't feel bad about the wealthy being taxed more.

@disenfranchised2.073 Месяц назад

They shouldn't be taxed at all. Even so, they should only be assesed at their last sale value, not appraised values. This is why so many people, especially elderly, end up losing their homes.

@anthonydelrosario1718 15 дней назад

I was always tought no country has ever lasted over a 30% tax rate .

@curiel45 12 дней назад

America has for over 100 years has had a tax rate over 30%

@maxinedottin1956 5 дней назад

Sweden tax their rich 35 percent.

@gabrielf.4530 5 дней назад

This is the most ridiculous, insane claim I ever heard anyone make. WTF???

@loganthomas7443 29 дней назад

Definitely want more videos like this. You keep us well informed.

@FrankBendler Месяц назад

In Germany we pay so much taxes that it drives me crazy. You earn 100$ : 20% of VAT, then 50% of that for income tax, then you have to pay like 15% trade tax, plus special payments like the IHK, and even when you make money with your taxed money they have taxes for that to. I will be so happy when I leave Germany. Can’t stand this any more

@MrJeffgonz Месяц назад

That's nuts 🤯 with that said, I love visiting 🇩🇪 , you have a beautiful country.

@pavelsamsonov8061 29 дней назад

Don’t forget that when you finally get to put your hard-earned coins on your bank account and buy something you will also pay "hidden" taxes that is essentially an increase in price from the vendor to pay taxes from

@RaymondTusk74 29 дней назад

The taxes and living expenses are so high that I got paid an additional 30% just to break even with what I’d make in the US. All my neighbors thought I was rich because I rented an average apartment as a 25 year old and had a car too. By their standards, I was rich.

@Jbkwoohooyeeha 29 дней назад

That’s exactly what the globalist shits are trying to make the us into. I pretty much agree with how the Argentinean president says it.

@vegasprogambler5336 29 дней назад

sure, but you have 'free' healthcare...lol!

@joe62845 Месяц назад

No reason the government should make more than the person who made those capital gains. What is the point of investing or working if you give that money way to the government.

@notnilc20 Месяц назад

Yeah the Government takes zero risk of the investment but gets the benefit of the gains? Sounds like robbery to me.

@theripper121 Месяц назад

Yep, strips all motivation when the government has their grubby hands over half what you make. Why bother anymore.

@stevo-dx5rr Месяц назад

The federal government doesn’t “make money” from taxes. It makes money by printing it and spending it. It takes the money back when it taxes. The federal government is, in a very real way, a big part of reason why the stock market is so huge right now in the first place. Thank the Fed’s policy of 10+ years of 0% interest and massive stock purchases for juicing up your portfolio.

@john1023va 29 дней назад

@@stevo-dx5rr The Fed isn't actually a part of the federal government. It's a separate entity much like the IMF and the World Bank.

@ahopefiend1867 28 дней назад

Don't put investing and working in the same sentence. Investing requires no effort.

@StephenShreds 27 дней назад

Honestly this is the first video of yours I have clicked on in over a year or so so I’m here for this type of content.

@why6212 29 дней назад

We need to cut the government by 50% or more, and cut the budget by 75%

@DieselMcBadass1 Месяц назад

Only if the government focused on reducing costs of operation and had fiscal discipline instead of finding ways to take it from the common person to fund their reckless spending.

@patricklacey4946 Месяц назад

This is a key point that never receives the proper amount of attention unfortunately

@LemmonDP Месяц назад

The problem is, the government has no incentive to reduce operation costs because its not their money that they're spending, its ours. If the financial stability of the government was directly tied to THEIR income, we'd quickly see a change in behavior. as far as im concerned, there should be an amendment that states that if the government over spends in a given year, that extra money is taken from government employee salaries starting with congress.

@DFB-1990 Месяц назад

Exactly the US government needs to go on the Dave Ramsey plan or something because the government is horrible with our money!

@quellem7 Месяц назад

Well it’s not like this will change who you’re voting for anyway so why would they? when they know for a fact there’s no consequences for their actions?

@ronblack7870 Месяц назад

they take it mostly from the wealthy and super wealthy and the common man pays very little of the tax burden. rates don't matter , it's actual dollars paid and the top 10% pay most of the dollars

@AlexWinkler Месяц назад

If I'm paying over 50% taxes (this is already way too much) I don't care where I'm living I'm moving

@NsLHD Месяц назад

DING DING DING this!!!!

@HepCatJack Месяц назад

It depends. If you own a popular restaurant in a great location then moving would also take you from your source of profits. The taxes used to be over 90% for high earners and they just found a way to increase expenses and / or interest costs so that their earnings would be much lower. Paying back debt, increasing wages, taking advantage of a discount on a needed merchandise and purchasing more than needed early on.. Amazon hasn't paid taxes in years because they put all of their money back in the business, found R&D etc.

@quantumtechcrypto7080 Месяц назад

If you’re in Zionist America best of luck.

@OctagonalSquare Месяц назад

@@HepCatJackno, the highest bracket was that high. No one has ever spent 90% of their income on taxes. It’s only the upper part of their income. That’s how marginal taxes work

@cherub0nyx Месяц назад

@@HepCatJackyeah its all about tax deductibles.

@sala38pkt70 Месяц назад

Great segment. Keep videos like this coming. Getting the truth out there is so very important

@evodevo9264 Месяц назад

Probably one of the best videos I’ve seen on the channel! Thank you Sr.

@a1r3x Месяц назад

Tax increase is pointless. It’s never enough.

@GrahamStephan Месяц назад

Spending just consistently outpaces revenues

@theedwardian Месяц назад

It's not pointless when you realize the goal is simply to impoverish the populace. We're not dealing with a desperate robber who'se just trying to feed his family, we're dealing with Ted Bundy.

@Madchris8828 Месяц назад

If it were up to some in government they'd be taxing us at 95 percent of our income. The money the get will never be enough

@MR-dz8ex Месяц назад

Government needs to stop funding bs

@metalgirl Месяц назад

Yep… are government will never pay back our debt.

@Carsonk7272 Месяц назад

I think what bothers me most about the media surrounding taxes and all the political figures that advocate for changing the tax code is that any sort of rule that allows for lower taxes in certain circumstances or provides some kind of tax advantage is ALWAYS deemed a "loophole". The word loophole implies that those that take advantage of any available tax benefits are circumnavigating the law in some way to get an unfair advantage. These "loopholes" are literally written in the tax code and their sole purpose is to lower taxes 🤦‍♂️

@crecasens 28 дней назад

They’re also written in the tax code so that multimillion dollar politicians can take advantage of those loopholes!

@nachoisme 26 дней назад

What’s the ‘loophole’ that people make 35k, 50k, 75k, 100k a year are not taking ‘advantage’ of then? What’s the secret those people are missing?

@gorkyd7912 25 дней назад

@@nachoisme People in that income range can buy an EV to take advantage of green energy "loopholes" for example. Spend money on EVs vs equal priced gas vehicle would result in lower overall tax therefore lower rate.

@nachoisme 25 дней назад

@@gorkyd7912It’s funny you think someone making 35 or 50k can afford a Tesla to get that tax break. Even a person earning a 100k could be tight depending on other circumstances. …and that’s my point though…in order to get tax ‘breaks’ you need to earn money and generally the more you earn the more you can take ‘advantage’ of the breaks.

@crusherven 25 дней назад

@@nachoisme The EIC comes to mind. Or the standard deduction, which at $35k is most of your taxes. There's also itemizing deductions which may or may not help, depending on your situation. You can claim dependents to lower your taxes, too. File jointly. Get some livestock to get an ag exemption. Invest in a retirement account. The "loopholes" are exactly like those--the gov't decided to incentivize certain behavior like having kids, buying a home, getting married, farming, buying EVs or solar panels, etc. Also, for good or bad, I know a lot of people making under $100k with expensive cars, so I don't know why you're acting like the idea of getting an EV is preposterous.

@melodytime9189 27 дней назад

I don't really comment on video but I just wanted to Thank you for talking about this and putting so much research into this!

@KillerChickenz01 23 часа назад

i feel like they're trying to punish billionaires but don't realize how unfair this is to ordinary people.

@belisarius7880 Месяц назад

Inflation is insane. I'm working more overtime than I've ever worked trying to save for a house. My dollars earned are worth less than ever before because of inflation. And now they want to raise taxes on me on top of it. No thanks.

@chaboikiril3846 Месяц назад

Imagine if these companies that have SO MUCH EXTRA profit were to…idk…hear me out…give their WORKERS raises instead of buying back their shares or continually pay out bigger and bigger dividends? It’s odd that Graham didn’t mention “giving workers a pay raise” as one of the options corporations had. He deliberately omitted it. It’s hard for someone like you or me to feel bad for someone who is going to have to START paying the same tax rate WE’VE been paying forever lol

@nobordersfilm Месяц назад

Unless you’re making over $400k a year, this doesn’t affect you.

@chaddwickg5276 Месяц назад

@@nobordersfilmwrong.

@user-ij9bs9ke9j Месяц назад

@@chaddwickg5276do go on, enlighten us..

@chaboikiril3846 Месяц назад

@@nobordersfilm 5:13. The brackets on the left are the brackets that would go back into effect if they eliminate the Tax Cuts and Jobs Act. The only tax bracket that didn’t go up is the 10% tax bracket. Every other bracket goes up. Either you didn’t watch the full video, or struggle with comprehension…if @belisarius is working overtime, they are not in the 10% income tax bracket by definition. It’s not exactly rocket science

@PauloNideck Месяц назад

Is it fair or is it punishing people for making money?

@loisavci3382 28 дней назад

The problem with a 1031 exchange: Suppose you have a paid-for residence and a paid-for smaller house you've been using as a rental unit. You get older and think it would be expedient to sell your main house and downsize to your smaller house. The tax code penalizes you heavily for doing so; you may not be able to afford to go to the other house you already picked out and paid for.

@GrantBuehrer-oo3yz 27 дней назад

Why couldn’t you sell your primary, take the $500K MFJ exclusion (or $250K exclusion if filing single), then move into the rental in that scenario? Your capital gains tax would at least be significantly mitigated that way. You’d probably be able to purchase another rental property with the net proceeds too if you want to continue generating rental income in retirement.

@loisavci3382 26 дней назад

@@GrantBuehrer-oo3yz what is an MFJ exclusion?

@GrantBuehrer-oo3yz 26 дней назад

@@loisavci3382 MFJ is short for “married filing jointly.” The first $500K of capital gains on the sale of a primary residence are excluded for married taxpayers filing jointly ($250K exclusion for single taxpayers). For example if you bought your primary home for $200K and sell at after it’s appreciated to $600K, your $400K gain would be nontaxable since the gain would be less than your $500K exclusion provided that you’re file jointly with your spouse. In other words, the 1031 exchange isn’t necessary for most taxpayers when it comes to selling their primary home since the statutory exclusion makes the sale effectively nontaxable in most cases. As a quick disclaimer, though, the same example I used above would result in a $150K taxable gain for a single taxpayer.

@loisavci3382 26 дней назад

@@GrantBuehrer-oo3yz If you sell your primary residence, you pay taxes on the full appreciation (minus the cost of improvements you made to the property). The exception is that you can exempt any portion of that appreciation that you spend on buying another residence. If you already fully own your rental property and move there you lose that tax exemption.

@ReefahLobo 4 дня назад

Don’t worry, just invest more into Yotta

@JaylenNewlon-wt4ch Месяц назад

Very big bugs are happening today!!! It is exchanging for almost 9x... I just showed in a viddd

@stephenheimsoth845 25 дней назад

I really appreciate the fair assessment of all the proposed changes

@jerryturner7123 5 дней назад

Business owners will have to raise their prices and landlords will have to raise rent

@deafmute2501 Месяц назад

With the feds being this hard, I can see why cartels exist. They don't have to pay taxes.

@rickjames4031 Месяц назад

Yessir

@JamesSmith-qe1mn Месяц назад

There’s always a tax in life, my friend.

@scadet17 Месяц назад

And churches. Lots of churches.

@JuuzouRCS Месяц назад

Blood taxes...

@rockysivilay Месяц назад

Cartels do pay taxes. That's why they launder money.

@LanceT. Месяц назад

It reminds me of trying to exercise your way out of a bad diet. It's easier to not eat a candy bar than it is to burn 300 calories on the treadmill. I wish government spending was perceived the same way. I totally agree with you that it's those of us who are W2 employees (especially higher income earners) who end up paying the highest taxes because people who are making their income through investments have the flexibility, time, and know how to avoid taxes.

@itskelvinn Месяц назад

The human body is so efficient with movement, that exercise is a waste of time if it’s for purely weight loss. I’ve had to explain this to so many people over the years who think that they’ll walk for 20 minutes a day and then automatically be in a 500 calorie deficit

@LanceT. Месяц назад

@@itskelvinn It's incredible, right? And studies have shown that we when we burn a few extra calories, we often end up eating enough extra food to offset what we've burned.

@elhazelrah Месяц назад

Very well said! The government is acting just like the person pigging out at a buffet saying we’ll burn it off when we start at the gym Monday!😅

@Simbecile Месяц назад

The problem is that a lot of government spending goes into things that circulate directly into the economy. We have a huge social society and Medicare bill, but if we cut that spending, we not only screw over people who worked for it, we cut the money they put into the economy.

@adamv6753 Месяц назад

The issue is we cant reduce spending. The past borrowed so much from the future that it fucked us over. Also lets not mention all the states with low taxes but then expect the federal government to subsidize them.

@frankiesavannah3042 19 дней назад

This was one of your best and most informative video's yet! I loved it.

@mattshipe4415 Месяц назад

Great video man! This stuff needs to be said! Awesome job.

@bonman_ Месяц назад

Graham really told the government to start a budget 😭😭 23:05

@Likeaworm Месяц назад

They do. It’s gotten far to big and unsustainable

@search4ubi Месяц назад

Stephan/Ramsey 2028!

@benjaminlynch3209 Месяц назад

Rice and beans congress. 24:45

@vincentyou7994 Месяц назад

From telling us to start one to telling the govt 😂 he’s back to his roots!

@EricMiao2017 Месяц назад

The honesty at the end of the video regarding the exhaustive research is heartfelt. Looks like a lot of preparation (and reading/digesting) went into this one. This video summary is much appreciated!

@icerio9232 29 дней назад

Can you give an update on your experience with Yotta? Today they pretty much announced they aren't a bank anymore.

@nothing12392 29 дней назад

"Imagine being forced to sell shares to pay taxes on something you don't intend on selling anyways." Many of us don't have to imagine, we already have to do this because we earn our stocks through working for employers and those stocks are taxed as income.

@gorkyd7912 25 дней назад

Or we work 30 years to pay off our house and then have to sell it and be homeless because the local government taxes property based on market value which went up.

@crusherven 25 дней назад

I've never worked for a company that gave stocks as a bonus, but aren't your withholdings taking bonuses into account?

@nothing12392 25 дней назад

@@crusherven they literally force sell your stock to cover the taxes. I also wouldnt consider it a bonus since it accounts for half of most software engineers’ income. My point is, people who work for a living get screwed by our current tax system while people who sit on their investments get preferential treatment for no good reason at all. There is a reason wealthy people are trying to convince the masses that this is a bad idea and that reason isn’t exactly altruist… it is pure greed. Sitting on your investments adds zero value to society and makes the rich richer and the poor poorer. It should not be rewarded by policy.

@crusherven 25 дней назад

@@nothing12392 If it accounts for half of your income and it's taxed at the lower (20% max) rate, isn't that a good thing? Besides, keeping money invested *is* good for society. If people keep on selling, the value of the stock falls and the company is unable to expand, or may even have to lay employees off.

@nothing12392 25 дней назад

@@crusherven you aren’t understanding what I am saying. My stocks are force sold to pay my tax rate on earned income which is the top bracket. I make a lot of money, I’m not poor, but I believe people who are wealthy should pay the same as people who work for their money.

@SolveFixBuild Месяц назад

Government should reduce headcount by 50% and go from there.

@jess_o Месяц назад

Wouldn't even be a drop in the bucket. The real waste is in our "defense" spending. We the people get raked over the coals by defense contractors

@lordshard3018 Месяц назад

@@jess_o to the tune of being more expensive than the next oh I don't know 65% of the damn planet combined.

@happycakes1946 Месяц назад

@@jess_o Interest on the debt is now the second highest expense in the budget at 1.2T. Only social security is more at 1.4T.

@FinanceNinja Месяц назад

@@jess_o Social services is more. Heck, debt interest is more too. Although I'm in the "cut spending everywhere" category. I don't care what it is, cut it.

@metalgirl Месяц назад

Yes yes… but they are hiring more especially more IRS agents so they can get more money from us!

@shawn544 Месяц назад

Im in the bottom of the middle class and im for less taxes for EVERYONE. Our politicians have a spending problem. We cant fix that by giving them more. We fix it by giving them less and also letting them borrow less from our future. They've spent so much in the last few years it makes my head spin!

@mateograndpa1760 Месяц назад

No party is for you. Its all about loopholes

@kaczan3 Месяц назад

Most of government spending goes to chicks, directly or through all the chick groups, so they will never let you reduce spending.

@red_panda4282 Месяц назад

@@mateograndpa1760 "no party is for you".. even though most Americans would agree with you.

@zonk1477 29 дней назад

@@mateograndpa1760 Did you read the new tax proposals it closes all the loopholes.

@donaldchoi3912 5 дней назад

59% tax is better than you giving fraudulent advice to your bank Yotta and FTX keep it going people losing millions

@rooftoparugula5679 3 дня назад

lol was looking for this comment. he has always been kinda scummy

@dennyyoungfl 29 дней назад

Outstanding analysis… Thanks for breaking it down

@Shuriken_Playzz Месяц назад

Give us the AMS66P! I need maximum gainage! For extreme bustism!

@TheEZOOD Месяц назад

Smells fishy, really fishy

@oladeleayoola Месяц назад

I pooped today

@theApeShow Месяц назад

Dump it.

@MarcustheCPA Месяц назад

Once again, this will unfortunately end up hurting small business owners disproportionately. The $1 million threshold is just way too low. Mom and Pop with a $3-5 million business do not have access to the same financing/LOC arrangements as someone with a $30-50 million business, let alone someone with $80-100 million in publicly held stocks. Banks are less likely to loan money against the value of the small business, so they are forced to sell and pay a ridiculously high tax rate if they want to retire. Meanwhile, the wealthier folks can "wait it out" by taking on lines of credit against their pledged assets until capital gains rates come down again.

@JamesWillis-yy5px Месяц назад

Business owners are going to leave the nation. This will destroy the poor the most.

@Madchris8828 Месяц назад

That's exactly the point. This is going to corporatize this country to where only extremely large companies will survive. Competition? Lol what's that

@elkillerx Месяц назад

Very well said!

@stcosyem Месяц назад

@@JamesWillis-yy5px leaving the nation isn't hurting business owners tf? Those small business owners wouldn't even be able to leave because the government raped them of their money to send overseas in the first place

@zlr9022 26 дней назад

the ultra wealthy will never be taxed, its always the middle to upper class.

@brmolnar 25 дней назад

Historically, Dividends have always been taxed at a lower rate, because the company paying a dividend is using post-tax money to pay them out (government already got the corporate income tax paid, so what started as $100 profit is now $79, which you get to pay 15-20% more, making it 63.20 to 67.15). I'd always assumed that the lower tax on capital gains was due to a similar reason - preventing some sort of double taxing, or just to encourage investment.

@jaydunbar7538 20 дней назад

Correct, it’s funny how high people want taxes until it’s them having to pay them. Just look at the politicians, 2020 democrat primaries was a perfect example. Every single one of them wanted the new wealth tax to start at there own worth rounded up, so if they were worth 75 million they wanted it to start at 100 million, if 20 mil they wanted it to start and 50 million and such. Not that it’s not a issue everywhere, I just remember watching those primaries and it going down the list of where they all wanted it to start so I then looked up there net worths and it didn’t take long to notice a patter, simply put it’s a great example as they all made the statements on stage within minutes of each other and all of them agreed on basically everything including that none of them wanted to actually have to pay it themselves.

@aaronflick8778 24 дня назад

Great topic on this one, sent the link to the folks to help their understanding

@YTDataAnalyst Месяц назад

*YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?

@MichaelPesta Месяц назад

I think there's a lot of factors that are not pushing towards explosive growth in the same way that 1980s 1990s computer tech software is doing. There's definitely full capitalization on implementation of technologies however I just don't see the asset class itself going as exponential as it once was. That said my personal bet is not against software as in like Adobe or Oracle but more towards hardware manufacturing Nvidia tmsc that the people that actually make the chips. I think that there's a healthy fundamentals of the people that make the the chips are devices run off

@brettweltz8135 Месяц назад

Some sort of fringe science technology something to do with graphene.

@dkrueger85 Месяц назад

Thanks for the awesome info. Doesn’t go unnoticed how much work you put into this video.

@GrahamStephan Месяц назад

I appreciate that!

@tastyhuman Месяц назад

Surprisingly, I really enjoyed this video. The research and explanation were more than sufficient for me as a Luddite to follow along great work.

@BAAMRanch 23 дня назад

Keep this up! It’s info we need to know

@chaydonofallon1352 Месяц назад

Regarding the house example. We do pay increased property taxes based on the increase in value of the house. I haven't sold the house and realized the appreciation, but I am already paying more taxes every year because of the appreciation.

@hanglu1335 Месяц назад

Property tax is levied by local government, bro.

@Madchris8828 Месяц назад

And in any case that shouldn't be a thing either imo. Value is just interpreted. One mans junk is another mans treasure. Seems pretty stupid to me.

@chaydonofallon1352 29 дней назад

@@hanglu1335 was the argument you can't tax unrealized gains? Because if so, a lot of people should sue the local governments for repayment if you can't.

@zonk1477 29 дней назад

The issue is houses go up faster then inflation and faster then your wage increases. So it's not right to pay more property taxes each year if your wages don't increase by just as much. That's by effect a higher % tax rate to your income.

@user-co8mr1jg8k Месяц назад

Thank you so much for including AMS66P the last time.

@TheEZOOD Месяц назад

Smells fishy, really fishy

@superhitb 6 дней назад

Thanks for showing the guts to make this video. Kudos to you. This video earned my subscription.

@jasonmoquin 29 дней назад

This is the best take I've heard regarding this situation. Well done!

@brandoncue3013 Месяц назад

As a CPA I will tell you now that unrealized gains will never be taxed

@larryjones9773 Месяц назад

Why not? It's a huge loophole. Most everyone knows their unrealized gain amounts. I'm an accountant. I never had the time or need to take the CPA test.

@TheBudgetWarrior Месяц назад

Many years ago the tax collector visited homesteads and tax was levied according to the value. My grandpa was a tax collector back then (aka government man). I wouldn’t put a move like this off the table just yet.

@Maurinusa Месяц назад

It shouldn't be in a sane world but never underestimate how stupid the government can be

@cameronthomas4392 Месяц назад

@@larryjones9773 How is it a loophole? That makes zero sense. If you are still holding a stock you are exposing yourself to RISK. I think the problem is that everyone on the left is bitter that other people are willing to take more risk than them. If Bezos never sells stock, yea, he's not going to pay taxes, BUT he's also taking the risk he'll lose 50% of his entire wealth in a recession/depression or if something were to happen to the company. Democrat politicians seem hellbent on taking money via taxes vs. letting recessions tighten the wealth gap...we always have a massive spending spree vs. an asset price reset WHICH IS GOOD FOR THE MIDDLE CLASS. Same thing happened with Elon...he could have sold all his stock at 3xx share price...now it's below 180...he lost a ton of money this year. You can't punish people for being ok with risk...that destroys the incentive to take risk over time lmao and then we will turn into Europe (really crappy economy) but we won't even have their great food, buildings, etc.

@robertrodriguez3163 Месяц назад

Property tax is unrealized gains

@Stevek171 Месяц назад

Be careful Graham, suggesting a full audit of the government might get you the same treatment of a Boeing whistleblower 😂😢

@weksauce 23 дня назад

Deficit spending isn't "excessive". It's fine.

@Iwannagofast94 27 дней назад

Great information, learned a lot from this video 👍🏼

@gregmack4714 Месяц назад

If you don’t have capital gains you think the tax is to low. But once i started investing it pissed me off that the government gets a percentage when they took no risk. Not to mention invested with money (my salary) that was already taxed by the government.

@larryjones9773 Месяц назад

You only get taxed if your investment produces capital gains. You get a tax deduction if you have a capital loss. And, the capital gains tax rate is a preferred rate (0% on the first $47,025 for 2024). If your investments are in a retirement tax deferred account, you don't pay taxes on your contributions, until withdrawn during retirement. Plus, you don't pay taxes on any gains, until withdrawn during retirement. If you want to never pay taxes on your investments, invest in a Roth IRA. You will, however, have to pay taxes now, on your contributions to a Roth IRA.

@stevo-dx5rr Месяц назад

Ignorant and angry.

@LizThomas-dp7sr 4 дня назад

@@larryjones9773 Did you watch the video? They want to change that so you're taxed on 'wealth' not 'income' or 'profit' meaning you will have to pay tax on all investments BEFORE you sell them and actually make any money. This will prevent lower income investors from actually being able to invest. Once against screwing over the little guys while claiming to go after the rich.

@larryjones9773 4 дня назад

@@LizThomas-dp7sr Biden's plan to tax unrecognized capital gains will only impact about 1,000 Americans (those with over $100,000,000 of investments). Relax, you aren't impacted.

@StaytruetoU507 Месяц назад

Every time you drop a video it’s a gem!!

@GrahamStephan Месяц назад

Thank you!

@driptcg 28 дней назад

Thanks for sharing Graham

@alenaababon1523 28 дней назад

This was great. This is exactly the type of content i want to see.

@PrinceMeena7073 Месяц назад

AMS66P for me.... Great to see it going up.

@TheEZOOD Месяц назад

Smells fishy, really fishy

@destroya3303 29 дней назад

lol

@Lea_LSD Месяц назад

I love the laid back approach to your videos, they are so much more enjoyable to listen to

@eletrickill 29 дней назад

Very excellent and accurate Info.

@christianchadwick7185 29 дней назад

Thank you for this.

@ChristianSchaffer Месяц назад

Thanks for breaking all of this down in a way that makes sense 🙌🏻

@johndeering4164 Месяц назад

This is actually helpful. Continue with these videos

@CarlosAGarcia97 26 дней назад

I've been waiting for Tax increases Video! Yesss😂😂😂😊

@robinr2740 Месяц назад

FJB

@Avidire 29 дней назад

They have been printing trillions upon trillions of dollars and people think that there is no consequences to that? Now youre seeing how they will be paying for that insurmountable debt.

@jamesschmidt2817 Месяц назад

I’ve watched other videos on this, but they don’t quite break it out like you do. Thanks Graham!

@jackintosh Месяц назад

I agreed with the sentiment that the government should seek to spend money on things that are quote "useful." The issue is that what I find useful may not be what you find useful. For example, I think an educated citizenship is useful so I strongly support public funding for education, including paying educators well and providing students with debt free education up and through higher Ed. Not everyone thinks that's as useful as I do, so who decides what is useful? What criteria should define "useful?" Second, the idea of what a return is, is also too vague. I think there is a strong return on universal healthcare - but others see that as a form of waste. Again who decides what a return is in relation to waste?

@pikachumega9854 Месяц назад

the government ends up holding the bag in both those cases any way homeless people don't pay bill when the go to the emergency room for a wide number of problems and loan providers get paid either way I would rather cut the middle man or give people the option

@DynamicUnreal Месяц назад

It’s called the scientific method.

@lichen24moss 28 дней назад

These added taxes could force a lot of stock holders to sell and the stock market could plunge. Pensions, retirement funds and the investments of retail investors could get wiped out if that happens.

@N111X 19 дней назад

The fact that I, a regular person, get over 20% of my paycheck taken from me is ridiculous.

@nickspartanshld408 Месяц назад

Always a fan Stephan plz keep up the great work your always full of such great knowledge 👏 thankyou

@KYC_KnowYourCrypto Месяц назад

Although an exhausting amount of information, definitely one of your best videos... 👍 Thanks Graham 🙏

@MattMolsberry 29 дней назад

I think this is your best video yet. Very informative and I'm sharing with others

@MegaLokopo 29 дней назад

Every cost is passed on to the consumer, that is how a business works.

@kaioneal6160 Месяц назад

As long as there are tax loopholes holes , it doesn’t matter how high taxes are raised

@GrahamStephan Месяц назад

W2 earnings will likely bear the burnt of any new tax increases. Business owners tend to have a lot more flexibility.

@justanoman6497 Месяц назад

For the rich, sure. What this will affect are the middle and upper middle class, who can't afford the tricks but have a sizable enough investment/property to trigger the taxes. Being punished for being frugal really sucks. I'm driving a 20 year old car entirely out of choice for saving money, and they want a cut of that.

@ChristiantrospectiveGamer Месяц назад

As long as the government keeps increasing spending, it doesn't matter how high taxes are raised.

@chaboikiril3846 Месяц назад

@@GrahamStephanpretty wild that the only thing you focus on is the shareholders and the actual company, not the paying higher wages to the employees which is better for “money velocity” than giving even more to those who don’t actually spend into the economy. Giving investors more money to hoard isn’t stimulating the economy. Giving a “middle income” earner an additional $10,000 a year, these people would be spending a significantly larger percentage of the additional money. Also would lower the total “gains” on the company, thus lowering their tax bill either way. But god forbid we even THINK about that as an option

@TheFirstRealChewy Месяц назад

The taxes are really meant to wipe out W2 earners. You'll basically have to start a business to make it make sense and cents.

@razzar90000 Месяц назад

Its really a work of art they way the government continues to misdirect the people's anger at each other for getting tax break's instead of at the government for continuing to spend like the taxpayers are their personal coffers.

@totallynotthebio-lizard7631 Месяц назад

Why do you think pride even exists? That group was designed by the 44th specifically to start internal fighting amongst the people to distract us from the future leader’s evil

@nobordersfilm Месяц назад

Or get duped by the wealthy to oppose tax increases on those making over $400k. Funny how that gets ignored by all the finance bros.

@Madchris8828 Месяц назад

We are their personal coffers. They don't care about what happens with us because they are so far disconnected from us they don't have to.

@Madchris8828 Месяц назад

@@nobordersfilmyes let's increase taxes on the wealthy so the government can run a larger debt ratio, devaluing the dollar even further. Then inflation rises again when they print all their dollars and the cycle just gets worse and worse. Like it already does. Why encourage that behavior?

@middle_of_the_road 29 дней назад

@@nobordersfilm How does a tax increase help when they already fail to spend it wisely? All a tax increase will do is take more from the bottom as margins will be offset at the expense of the workers and consumers. These companies are owned by the share holders who will always want profit increases for share price increases.

@wh880 12 дней назад

Superb video, thorough explanation, excellent!

@ChristianHipHop 26 дней назад

What I think most people don’t really talk about in these conversations is with the value of money continuously going down before we know it $1 million a year income might be lower middle-class 🤔… eventually almost everybody will be paying it however, the richest of the rich will still and always have a way not to pay. These increases eventually only hurt the working class.

@zType2 Месяц назад

Paying taxes and not knowing where your tax money is going is quite shady. I think thats most peoples gripe.

@larryjones9773 Месяц назад

Where our tax dollars is going is readily available. Google it. Before Google is was harder to track down, but still available.

@jdkaroly Месяц назад

Graham, thanks so much for your videos and podcast. There is so much information in the 256 pages and immensely time intensive to process. You nailed it! I definitely appreciate videos like this. Thanks again!

@GrahamStephan Месяц назад

Thank you for watching!