Thread by @roncaruthers

1. For everyone in dispair about the Capital Gains tax increase, I have some good news...and I have some bad news.

First, the bad news:

They're just getting started.

They're going to tax you until you scream and vote them out.

But, they NEED to tax you to fund their projects

2. And they're going to keep taking your dollars to give away to people who won't work and other countries that you can't even find on the map.

They've been doing it forever, YOU are just paying attention now.

So, it's going to get a lot worse.

The good news?

3. In the 47 years since 1974, there have been....are you ready for it?......

74 MAJOR changes to the tax laws, so this, too, shall pass. and captial gains taxes will be lower again in the future.

Don't believe me?

Here is the list:

4.

Employee Retirement Income Security Act1974
Social Security Amendments of 19771977
Revenue Act of 19781978
Technical Corrections Act of 19791980
Multi-employer Pension Plan Amendments Act1980
Economic Recovery Tax Act1981

5.

Tax Equity and Fiscal Responsibility Act1982
Technical Corrections Act of 19821983
Social Security Act of 19831983
Tax Reform Act of 1984 (DEFRA)1984
Retirement Equity Act1984
Consolidated Omnibus Budget Reconciliation Act1986

6.

Single Employer Pension Plan Amendments Act1986
Technical and Miscellaneous Act1988
Revenue Reconciliation Act of 19891989
Revenue Reconciliation Act of 19901990
Unemployment Compensation Act1992
Omnibus Budget Reconciliation Act1993

7.

General Agreement on Trade and Tariffs1995
Small Business Job Protection Act1996
Health Insurance Portability and Accountability Act1996
Taxpayer Relief Act1997
The IRS Restructuring and Reform Act1998
Economic Growth and Tax Relief Reconciliation Act (EGTRRA)2001

8.

Job Creation and Worker Assistance Act2002
Jobs and Growth Tax Relief Reconciliation Act (JAGTRRA)2003
American Jobs Creation Act (H. R. 4520)2004
Working Families Tax Relief Act2004
Tax Increase Prevention and Reconciliation Act2005

9.

Katrina Emergency Tax Relief Act2005
Gulf Opportunity Zone Act2005
Pension Protection Act2006
Tax Relief and Health Care Act2006
Mortgage Forgiveness Debt Relief Act2007
Tax Increase Prevention Act2007
Federal Economic Stimulus Act2008

10.

Housing Assistance Tax Act2008
Emergency Economic Stabilization Act2008
American Recovery and Reinvestment Act2009
Patient Protection and Affordable Care Act2010
Tax Relief Unemployment Insurance Reauthorization and Job Creation Act2010

11.

Hiring Incentives to Restore Employment Act2010
Small Business Jobs Act of 20102010
Comprehensive 1099 Taxpayer Protection and Repayment of Exchange ...2011
Budget Control Act 20112011
Three Percent Withholding Repeal and Job Creation Act2011

12.

Middle Class Tax Relief and Job Creation Act2012
Temporary Payroll Tax Cut Continuation Act2012
American Taxpayer Relief Act of 20122013
Achieving a Better Life Experience (ABLE) Act2014
Tax Increase Prevention Act of 20142014

13.

Fixing America's Surface Transporation(FAST) Act2015
Trade Preferences Act2015
Surface Transportation Act2015
Bipartisan Budget Act2015
Consolidated Appropriations Act2015
Protecting Americans from Tax Hikes (PATH) Act2015

14.

Trade Facilitation and Trade Enforcement Act2016
Recovering Missing Children Act2016
U.S. Appreciation for Olympians and Paralympians Act2016
21st Century Cures Act2016
Combat-Injured Veterans Tax Fairness Act2016
Consolidated Appropriations Act2016

15.

Tax Cuts and Jobs Act2017
Bipartisan Budget Act2018
Taxpayer First Act2019
Setting Every Community Up for Retirement Enhancement (SECURE) Act2019
Consolidated Appropriations Act, 20202019
Coronavirus Aide, Relief, and Economic Security (CARES) Act2020

16.

And finally,

Consolidated Appropriations Act, 20212020

Plus whatever comes next.

17. Oh, sorry.

I just realized I should have posted this on Friday to ruin everyone's weekend.

My bad.

Won't happen again!

Stick around for more fun and good times NEXT Friday!