Steve Bucciol’s Post

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Co-Team Leader Property Boys | Real Estate Broker

🚨 Attention Entrepreneurs and Investors 🚨 The proposed capital gains tax inclusion rate change from 50% to 67% has got a lot of people talking! If passed, this change will take effect on June 25th this year. What are your thoughts on this? 💭 Personally, I’m infuriated by this move. Raising the rate could stifle the entrepreneurial spirit and innovation we need to thrive. The immediate impact on corporations and trusts is concerning, and individuals earning over $250,000 will also feel the pinch. Capital gains benefits should incentivize risk-taking, not deter it. By increasing the tax burden, we’re discouraging investment and potentially hindering future growth and progress. While the effects may not be immediate, I fear this decision could have long-term consequences on entrepreneurship and innovation. 🔥💼 #CapitalGainsTax #Entrepreneurship #Innovation #TaxPolicy #FederalBudget #PropertyBoys

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