Started By
Message
locked post

Kamala Harris just released more tax policy proposals…jeez

Posted on 8/20/24 at 3:26 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73072 posts
Posted on 8/20/24 at 3:26 pm



So, to review

She wants our corporate income tax to be second highest in OECD

She wants highest cap gains tax in American history

Wants to tax unrealized gains


Do some of her fans on here really think this will have no economic impact?
Posted by 5WFSHR
Montgomery, AL
Member since Apr 2024
2619 posts
Posted on 8/20/24 at 3:27 pm to
She’s returded.
Posted by roadGator
Member since Feb 2009
154425 posts
Posted on 8/20/24 at 3:27 pm to
VOR loves this shite.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12593 posts
Posted on 8/20/24 at 3:27 pm to
Didn’t you vote for this in 2020?
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 8/20/24 at 3:27 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465012 posts
Posted on 8/20/24 at 3:28 pm to
quote:

Wants to tax unrealized gains


Silicon Valley ownership class: sigh, we're going to have to support Trump, aren't we?
Posted by LordSaintly
Member since Dec 2005
41981 posts
Posted on 8/20/24 at 3:28 pm to
quote:

The proposal also includes a 25% tax on unrealized gains


frick that
Posted by skullhawk
My house
Member since Nov 2007
27098 posts
Posted on 8/20/24 at 3:29 pm to
Taxing unrealized gains is madness. How can anyone support such a stupid idea?
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
18980 posts
Posted on 8/20/24 at 3:29 pm to
Anyone that proposes taxing unrealized gains is beyond stupid.
Posted by Knight of Old
New Hampshire
Member since Jul 2007
12523 posts
Posted on 8/20/24 at 3:30 pm to
Do you get a refund if you pay taxes on unrealized gains and the investment subsequently tanks?…
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/20/24 at 3:30 pm to
25% on unearned gains.

Yeah, you want to see a depression? This is how you see a depression.
Posted by SantaFe
Baton Rouge
Member since Apr 2019
7585 posts
Posted on 8/20/24 at 3:30 pm to
Redonkulis !
Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
13558 posts
Posted on 8/20/24 at 3:30 pm to
So they want to tax you on what you would have made had you sold the stocks or whatever that you currently have, but didn't sell? And do they tax them on what you could have sold them for at the end of the year, or at their highest point during the year? I mean, while they are at it, you COULD have sold your home... let's tax that... and if you have any empty bedrooms, you COULD be renting those out to homeless or undocumented migrants.. so let's just go ahead and tax that income... wait... own a car? Well, you COULD be ubering at night and on weekends, so that right there could be potential income... better throw it in there...
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/20/24 at 3:31 pm to
quote:

Do you get a refund if you pay taxes on unrealized gains and the investment subsequently tanks?…


Are they really unrealized if you have to sell to pay taxes?
Posted by rds dc
Member since Jun 2008
21017 posts
Posted on 8/20/24 at 3:31 pm to
Is she trying to throw the election?
Posted by Bigdawgb
Member since Oct 2023
3236 posts
Posted on 8/20/24 at 3:31 pm to
quote:

She wants highest cap gains tax in American history

Wants to tax unrealized gains


What does Nancy Pelosi, wall street oracle, have to say about this??
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12593 posts
Posted on 8/20/24 at 3:31 pm to
quote:

Anyone that proposes taxing unrealized gains is beyond stupid.


Have you been paying attention to the Democrats the last few years?
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/20/24 at 3:31 pm to
quote:

sigh, we're going to have to support Trump, aren't we?


This is why Bezos is allowing WaPo to attack Kamala now, IMO.
Posted by BigPerm30
Member since Aug 2011
30871 posts
Posted on 8/20/24 at 3:32 pm to
So when your gains are actually less, is the government going to send you a refund?

You want to talk about completely stifling an economy. This is the perfect plan. They hate America.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
18980 posts
Posted on 8/20/24 at 3:32 pm to
Even better, how do you get the cash to pay taxes in unrealized gains? You have to sell 25% of your asset.

How do you think the market works if high net worth individuals have to liquidate stocks, bonds, RE, etc. to pay for their tax bill every year?
first pageprev pagePage 1 of 7Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram