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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 8:49 am to Wraytex
Posted on 4/25/24 at 8:49 am to Wraytex
quote:
The discussion is always about the camel's nose under the tent. You don't let the government advance any taking from anyone
While I agree for the most part, the idea of taxing unrealized gains has been around a long time. In the news it makes sense, however in practice it is basically impossible.
2
Posted on 4/25/24 at 12:26 pm to UltimaParadox
So you tax my unrealized gains every year and increase my basis…when the stock market goes down and I realize those losses, I fully expect the ability to offset my income way past the $3K allowable amount currently.
Posted on 4/30/24 at 4:43 pm to UltimaParadox
quote:
it makes sense
No, it doesn't...would you tax people because the value of their unsold property goes up?!
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