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re: Biden proposed a capital gains tax of 44.6% & 25% unrealized gains for high income earners

Posted on 4/24/24 at 5:44 pm to
Posted by M. A. Ryland
silver spring, MD
Member since Dec 2005
2051 posts
Posted on 4/24/24 at 5:44 pm to
unconstitutional.
"Unrealized gains" are not income, so cannot be taxed by the feds.
Posted by ScottFowler
NE Ohio
Member since Sep 2012
4152 posts
Posted on 4/24/24 at 5:48 pm to
quote:

"Unrealized gains" are not income, so cannot be taxed by the feds.


That may be the case if the Feds followed the law.

They don't. There is no law anymore.
Posted by dakarx
Member since Sep 2018
6871 posts
Posted on 4/24/24 at 6:21 pm to
Unrealized gains.... sounds like code for confiscating 401K's.
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