Ugh I just got my tax bill for tomorrow. Guess I will be liquidating treasuries.
@jtourzan As my accountant likes to say… it’s because you earn enough to be in a high tax bracket. Better than being in poverty 🤷♂️ 👀🤡
@StocksCross It’s mostly because I sold my bar and San Francisco home and I’m getting screwed on the personal deduction because it’s mixed use.
@jtourzan Ever considered leaving California? Texas? Delaware? LOL
@StocksCross Hell yes I’m considering leaving California now most of my source income is from out of state. But I can’t do it right away because of work/family commitments.
@jtourzan Ya I hear you. I am tied down here too with the kids and fam. Otherwise one day I may move to the US as my wife is American and kids have the ability to get citizenship. Canada’s future is concerning
@StocksCross Problem is that the whole world’s future is concerning. Politicians are going to bankrupt the planet rather than trim deficits and have a recession. It’s the same in USA, Canada, UK, Germany and most of the West. Plus all the woke nonsense.
@jtourzan Well said so depressing .. did u see the below?
@StocksCross What’s the point of investing when cap gains are 67%? So ridiculous.
@jtourzan @StocksCross The tax is not 67% that the capture bracket. It’s being widely misreported here. Not that it’s good buy it’s not the end rate.
@_JamesWatt_ @jtourzan I understand what it is. It’s out of control