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Started By
Message
re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains
Posted on 4/25/24 at 8:40 am to RebelExpress38
Posted on 4/25/24 at 8:40 am to RebelExpress38
While it will never pass, It required an income over 1 million and an invest income over 400K.
That is very very small set of people. There are actually very few people who have standard income that high, and that is by design. Probably professional athletes might be one of the biggest sets of people.
Not sure how there is any discussions for lower and middle class at all.
Once again, this is in a separate proposal from his budget. So even they know it is just political posturing.
That is very very small set of people. There are actually very few people who have standard income that high, and that is by design. Probably professional athletes might be one of the biggest sets of people.
Not sure how there is any discussions for lower and middle class at all.
Once again, this is in a separate proposal from his budget. So even they know it is just political posturing.
This post was edited on 4/25/24 at 8:45 am
9
Posted on 4/25/24 at 8:44 am to UltimaParadox
The discussion is always about the camel's nose under the tent. You don't let the government advance any taking from anyone.
Posted on 4/25/24 at 9:03 am to UltimaParadox
quote:
Probably professional athletes might be one of the biggest sets of people.
Would be a whole lot of football players from the hood suddenly voting for republicans!
Posted on 4/25/24 at 3:41 pm to UltimaParadox
quote:
hile it will never pass, It required an income over 1 million and an invest income over 400K.
That is very very small set of people. There are actually very few people who have standard income that high, and that is by design. Probably professional athletes might be one of the biggest sets of people.
Not sure how there is any discussions for lower and middle class at all.
Once again, this is in a separate proposal from his budget. So even they know it is just political posturing.
Just think about income tax and the 16th.
At the time barely anyone made enough to be taxed.
Now look at us.
Advocating to tax money not earned. L o fricking l
This post was edited on 4/25/24 at 3:42 pm
Posted on 4/25/24 at 3:55 pm to UltimaParadox
quote:
income over 400K.
Unrealized gains are not income it’s no different than your home going up in value. Should we tax homeowners yearly on the increase in value above purchase price?
This post was edited on 4/25/24 at 3:55 pm
Posted on 4/26/24 at 6:22 am to UltimaParadox
quote:That small set of people have enough money and stock holdings that it could reallt frick up the market for the rest of us when they start selling off large amounts of stock holdings to pay tax bills on all these unrealized gains
That is very very small set of people
Posted on 4/26/24 at 1:34 pm to UltimaParadox
quote:
invest income over 400K.
Thats not a ton of money
Posted on 4/26/24 at 2:10 pm to UltimaParadox
quote:
While it will never pass, It required an income over 1 million and an invest income over 400K.
That is very very small set of people.
It's actually not. A working couple with 2 professionals (like 2 doctors) can easily be making that. That's where we are. What makes it worse is that we are both straight w2. No fancy accounting tricks, just pay a frick ton of taxes.
Posted on 4/26/24 at 3:42 pm to UltimaParadox
quote:
That is very very small set of people. There are actually very few people who have standard income that high, and that is by design. Probably professional athletes might be one of the biggest sets of people.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 4/27/24 at 11:50 am to UltimaParadox
quote:
While it will never pass, It required an income over 1 million and an invest income over 400K. That is very very small set of people. There are actually very few people who have standard income that high, and that is by design. Probably professional athletes might be one of the biggest sets of people. Not sure how there is any discussions for lower and middle class at all. Once again, this is in a separate proposal from his budget. So even they know it is just political posturing.
This is the head in the sand bs people from the left spout off as this country’s fiscal policy is further and further off the rails.
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