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re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains
Posted on 4/30/24 at 9:13 am to RebelExpress38
Posted on 4/30/24 at 9:13 am to RebelExpress38
Other countries have tried this taxation scheme and discontinued because they realize it does not work.
We ought to be arranging our tax system to attract capital, not run it off.
How does taxing an unrealized (or realized) capital gain, attract capital?
Answer- if doesn’t. It scares it off.
Frankly, this type of thinking is unamerican and should render a candidate unelectable. Unfortunately, in this day and age, it plays well politically in some circles
We ought to be arranging our tax system to attract capital, not run it off.
How does taxing an unrealized (or realized) capital gain, attract capital?
Answer- if doesn’t. It scares it off.
Frankly, this type of thinking is unamerican and should render a candidate unelectable. Unfortunately, in this day and age, it plays well politically in some circles
This post was edited on 4/30/24 at 3:22 pm
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