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Celia Moore, 1031 Exchanges Done Right Since 1991. (Equity Advantage, Incorporated)

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Ambassador
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

The wealthy and corporations employ lower/middle class Americans. I think we all know which of those classes is ULTIMATELY going to pay those tax increases.

Jan 25, 2021 07:52 PM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Yes it will effect me and already is...I am selling an investment property and want to do a 1031...now what??

No common sense is taking over this country.

Eve

Jan 26, 2021 06:34 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Let's just wait and see about Sleepy Joe's proposals ...

Jan 25, 2021 06:02 PM
Ambassador
3,125,713
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

It appears that it will affect everyone, whether directly or not.

Jan 25, 2021 05:07 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Remains to be seen. But let's get real... we'll all be paying more in taxes even if we don't earn $400+K per year. Gasoline prices have already done up.

Jan 26, 2021 05:27 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There is no place to hide.
If socialism doesn't get you today it will tomorrow.
I hope every art venue, civic operation and those enterprises receiving money from philantropeists realize their well may run dry. They give from their surplus. So where will the new money come from?
If socialism doesn't get you today, it will tomorrow.
Crypto is reported to be exploding in value.

Jan 26, 2021 05:25 AM
Rainmaker
628,764
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Yes it will throw cold water on a hot economy. For starters gas prices in our region have spiked over $1+ already.

Jan 26, 2021 04:43 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Every additional tax increase will affect all of us negatively. Just as poor are the decisions to open the borders, shut down the pipeline and freeze drilling. Energy prices are about to sky rocket and that will cause everything we use to increase. If the banks slow their lending or inflation causing the interest rates to rise, it could be a crash. 

Jan 26, 2021 05:53 AM
Rainer
231,948
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

"Capital Gains Tax Rate - Increasing to 39.6% for those earning over 1 million", not in amillion!

Jan 25, 2021 06:16 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Celia,

It could for some, and others will be pleased.

Jan 25, 2021 04:01 PM
Rainmaker
1,197,097
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Yes, it is starting.now.

Jan 26, 2021 07:32 AM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Taxes will affect everyone

Jan 26, 2021 07:10 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The account for the money made throug redistribution of wealth is likely in Hunter's name. No pipeline and the heavy oil will go to China for refining. They may have made a big investment in Hunter but Hunter may be delivering. What more will he get? Joey takes care of his own!

Jan 26, 2021 04:47 AM
Rainmaker
2,182,502
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Ending the Stepped Up Basis will greatly injure future generations.
The New Capital Gains Rate - would it affect gains over $1,000,000 ??

Jan 26, 2021 09:43 AM
Ambassador
1,452,819
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Does making me sick to my stomach count?  As a Canadian, I know we're not to have an opinion but as one of our leaders once said,

"Living next to you is in some ways like sleeping with an elephant. No matter how friendly and even-tempered is the beast, if I can call it that, one is affected by every twitch and grunt"

Jan 26, 2021 09:23 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Tax plans always impact the people.

Jan 26, 2021 08:38 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Most of what I earn is either reinvested or donated, taxes on the wealthy are not likely to have any effect on me.

Jan 26, 2021 08:28 AM
Rainmaker
5,868,482
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Time will tell, but our gas prices have already increased.

Jan 26, 2021 07:02 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is not just these proposals but the small print "stuff" which is kept hidden and rushed through that will have an impact THEN....nonsense to come

Jan 26, 2021 06:28 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

It will affect everyone in a trickle-down effect!

Jan 26, 2021 06:15 AM
Rainmaker
620,692
Ernie Steele
Lebanon, PA

Not in the least

Jan 26, 2021 04:18 AM
Ambassador
5,828,820
Kathy Streib
Cypress, TX
Home Stager/Redesign

Large corporations will rethink their philanthropic donations, hiring and expansions. Perhaps the wealthy Hollywood elite will decide to put their money where their mouths are.

Higher gasoline prices may not impact me but the person on a limited income may find it hard to afford the gas to drive to a job he may or may not have. 

Jan 26, 2021 10:20 AM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

One way or another I'm sure I will feel the effects.

Jan 27, 2021 07:12 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Expectations are high even though I believe I have covered all the bases.

Jan 27, 2021 09:57 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Nope.

Jan 26, 2021 08:36 AM