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re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains
Posted on 4/25/24 at 9:50 am to RebelExpress38
Posted on 4/25/24 at 9:50 am to RebelExpress38
Cmon, man. The proposal with and without the limits are 2 different animals. How can you argue differently? The limits are pertinent.
Posted on 4/25/24 at 10:08 am to KennytheTiger
Are they? Unrealized gains have never been taxed in the history of this country, so acting like it’s no big deal as long as the limits are higher than your income is short sighted. Every other tax has worked its way down.
If you don’t think whale shareholders of stocks or private companies or real estate being forced to sell to cover new taxes won’t affect the price of your shares/job security/real estate, I’m not sure we are living in the same world.
The point of this post was to bring attention to the idea even being proposed by a US president. This isn’t Sanders or AOC, this is the leader of a major political party. It has major implications for our money if a mainstream figure like Biden feels comfortable introducing a completely new tax category on gains that don’t even exist anywhere but on paper.
If you don’t think whale shareholders of stocks or private companies or real estate being forced to sell to cover new taxes won’t affect the price of your shares/job security/real estate, I’m not sure we are living in the same world.
The point of this post was to bring attention to the idea even being proposed by a US president. This isn’t Sanders or AOC, this is the leader of a major political party. It has major implications for our money if a mainstream figure like Biden feels comfortable introducing a completely new tax category on gains that don’t even exist anywhere but on paper.
This post was edited on 4/25/24 at 10:11 am
Posted on 4/25/24 at 1:35 pm to KennytheTiger
quote:
Cmon, man. The proposal with and without the limits are 2 different animals. How can you argue differently? The limits are pertinent.
How? You seem to think that because there's a threshold, it somehow makes this new precedent being set, better?
This is about unrealized gains being taxed. Period. Not about who could potentially have to pay it.
Money board probably isn't the best place to unveil your socialist mindset
Posted on 4/25/24 at 9:53 pm to KennytheTiger
quote:moron
Cmon, man. The proposal with and without the limits are 2 different animals. How can you argue differently? The limits are pertinent.
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