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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 8:51 am to RebelExpress38
Posted on 4/25/24 at 8:51 am to RebelExpress38
Lazy post. Very misleading without the limits. Only applies to income over $1M. Doubt it passes,but expect a watered down version sometime soon.
5
Posted on 4/25/24 at 8:57 am to KennytheTiger
quote:Does that change your opinion on it?!??!?!?!?
Lazy post. Very misleading without the limits. Only applies to income over $1M.
Posted on 4/25/24 at 9:08 am to KennytheTiger
quote:
Lazy post. Very misleading without the limits. Only applies to income over $1M. Doubt it passes,but expect a watered down version sometime soon.
The fact you think it would be okay to tax unrealized gains on anyone is troubling. People are successful, so let’s tax them on something they have not even earned?!? The fact you are naive enough to think this will only remain with those limits is comical. They may start with limits, but it is coming to all soon after it gets passed.
Posted on 4/25/24 at 9:30 am to KennytheTiger
quote:
Lazy post. Very misleading without the limits. Only applies to income over $1M. Doubt it passes,but expect a watered down version sometime soon.
Go read the history of income tax and get back to us on the “only applies to income over $1mm”
Either way, taxing unrealized gains is the stupidest economic policy ever proposed by a president. A watered down version would be equally stupid. I don’t care if it doesn’t apply to me (yet).
Posted on 4/25/24 at 11:19 am to KennytheTiger
quote:
Lazy post. Very misleading without the limits. Only applies to income over $1M.
That doesn't matter. Also, where would it end?
Posted on 4/30/24 at 6:36 am to KennytheTiger
quote:
Only applies to income over $1M
$1m will be the starting point; they'll minimize the number of people it will affect to get it approved. Then over time, as they need more money to compensate their oblivious spending, that number will get lower and lower.
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