Maybe Biden is hiring 87k new IRS agents to handle the GameStop (GME) MOASS capital gains??
🧐 Research Wanted 🤔
Glad the few shares I will be willing to sell are already long term capital gains.
I thought this too. I also have my eye on the "unrealized gains tax" bill that's been floating around.
On the other hand I have a hard time believing that the white hats haven't already thought of this and would allow a captured federal government to refund itself.
I've also thought that maybe these new agents are coming in to replace the current, corrupt agents. After all, we do expect to see a lot of politicians get audited in the not too distant future.
This is a good possibility as well.
The simplistic answer is it will take a lot more manpower to handle the new corporate tax and they can use the extra help to audit everyone else for missing pennies.
I do like to be optimistic that not all is lost and this will end up being for the best.