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keccers

@keccers.eth

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The Big Beautiful Bill has a provision for “Trump Accounts” $1k to every new baby invested in the stock market on their behalf “Accountholders would only be approved to be spend investment funds on prescribed costs, such as a down payment on a home, education-related expenses, or starting a small business. Use of the funds to pay for unapproved expenses would subject accountholders to penalties.” “Half of the funds could be withdrawn when a child turns 18, at which point the account's gains would be taxed at the long-term capital gains tax rate, so long as the money were spent as directed.” Such optimism assuming it’s up only in perpetuity! Feels like a lot of these kids could use the cash today, although of course a lot of parents would abuse that https://www.cbsnews.com/news/trump-accounts-for-newborns-1000-bill-cbs-explains/
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