Time to do a Roth conversion?

[Thailand J]

On 6/24/2024 at 7:05 AM, Ben Zioner said:

Totally correct. It should nullify any of the attraction Thailand had left as a retirement destination.

 

Also when was the last time they readjusted the IT brackets for inflation?

Can you imagine Biden or Trump announced 35% tax on long term capital gains?

What a joke.

 

[Yellowtail]

46 minutes ago, Thailand J said:

Can you imagine Biden or Trump announced 35% tax on long term capital gains?

What a joke.

 

Biden is trying to tax unrealized capital gains. 

[Thailand J]

Let the U S billionaires worry about the wealth tax.

Thai RD is about to tax your Roth IRA distribution.

9 hours ago, Yellowtail said:

Biden is trying to tax unrealized capital gains. 

[Yellowtail]

5 minutes ago, Thailand J said:

Let the U S billionaires worry about the wealth tax.

Thai RD is about to tax your Roth IRA distribution.

How? 

[Thailand J]

There have been talks about taxing capital gains of very wealthy individuals, I am not aware of any proposals to tax all unrealized capital gains market wide in US. Am I right?

 

 

 

[Cryingdick]

On 6/26/2024 at 5:52 AM, Thailand J said:

There have been talks about taxing capital gains of very wealthy individuals, I am not aware of any proposals to tax all unrealized capital gains market wide in US. Am I right?

 

 

 

Any tax on unrealized gains above your bracket, whatever it is will hurt you. The best way to describe it that  i have beard  is it's actually a tax on inflation.  The only reason any markets are up right nice is because of inflation essentially. You might be ahead, that's good enjoy it. Anyway anything in a Roth is exempt. That wont change. 

Edited July 8 by Cryingdick