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Unrealized capital gains 101

Posted on 8/24/24 at 2:41 pm
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
49751 posts
Posted on 8/24/24 at 2:41 pm


For those unaware
Posted by whiskey over ice
Member since Sep 2020
3587 posts
Posted on 8/24/24 at 2:44 pm to
Thanks for mansplaining “pay your fair share”
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3211 posts
Posted on 8/24/24 at 2:45 pm to
You worth 100mil baw?
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 8/24/24 at 2:45 pm to

Will never happen. Not a chance in hell.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 8/24/24 at 2:47 pm to
Taxing unrealized gains is without hyperbole the most insane economic policy in the history of this country and would destroy our markets, businesses, and economy.

It's mind-blowing that people suggest it and/or think it's a "good idea". Even if they start with the ultra wealthy you know it wouldn't be long before they come for all of us.

ETA: To illustrate my point think of the small businessman (or woman!) who is trying to grow their business and paying themselves just enough to survive. Their tax bill if the business grows in value would put them negative for the year in terms of income.
This post was edited on 8/24/24 at 2:50 pm
Posted by Ricardo
Member since Sep 2016
5803 posts
Posted on 8/24/24 at 2:47 pm to
quote:

Will never happen. Not a chance in hell.



That's what people said about a black president. It happened.

They're coming for your retirement funds and private property.
This post was edited on 8/24/24 at 2:48 pm
Posted by Corinthians420
Iowa
Member since Jun 2022
13492 posts
Posted on 8/24/24 at 2:48 pm to
You should've included the part where this law only applies to households worth $100+ million for transparency. The law is still just as dumb but the way u have it posted now is kinda dishonest
Posted by North Dallas Tiger
United States of America
Member since Mar 2024
13008 posts
Posted on 8/24/24 at 2:48 pm to
shout out 1031 exchanges and qualified opportunity zones

Posted by fallguy_1978
Best States #50
Member since Feb 2018
51959 posts
Posted on 8/24/24 at 2:48 pm to
quote:

You worth 100mil baw?

Even if you aren't that plan would totally frick the stock market. It would create tons of forced selling by some of the largest shareholders.
This post was edited on 8/24/24 at 2:52 pm
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3211 posts
Posted on 8/24/24 at 2:48 pm to
Didn't say I agree with it. It is, however, highly unlikely it will affect OP.
This post was edited on 8/24/24 at 2:49 pm
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 8/24/24 at 2:49 pm to

Ok.

But it's not going to happen.
Posted by HempHead
Big Sky Country
Member since Mar 2011
56331 posts
Posted on 8/24/24 at 2:49 pm to
What if those unrealized gains are used as collateral against a favorable loan of large proportions?

That specific scenario is the only one in which it could make any sense.
Posted by Gusoline
Jacksonville, NC
Member since Dec 2013
10014 posts
Posted on 8/24/24 at 2:50 pm to
what's next, allowing mortgage companies to add " unrealized gains" to your principle?
Posted by Ricardo
Member since Sep 2016
5803 posts
Posted on 8/24/24 at 2:50 pm to
Give it time.

Communist revolutions tend to happen relatively overnight. I guarantee that the populations of those countries never thought it would happen.

The canary in the coal mine is the 2nd amendment. If that ever goes, everything is fair game.
Posted by Gusoline
Jacksonville, NC
Member since Dec 2013
10014 posts
Posted on 8/24/24 at 2:50 pm to
quote:

Ok.

But it's not going to happen.


said every person about every other radical idea proposed in the last century.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51959 posts
Posted on 8/24/24 at 2:50 pm to
quote:

You should've included the part where this law only applies to households worth $100+ million for transparency. The law is still just as dumb but the way u have it posted now is kinda dishonest

So if you own a bunch of Microsoft stock and executives are forced to dump a bunch after a good year that doesn't impact you? It's a moronic idea.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 8/24/24 at 2:50 pm to

Ok. I'll give it time...
Posted by wileyjones
Member since May 2014
2612 posts
Posted on 8/24/24 at 2:51 pm to
quote:

Corinthians420
how did income tax get started?

do you really think they started taxing everyone 35.0% overnight?

No, that would be ludicrous and start riots. But.. introduce it slowly, and look around.
Posted by Corinthians420
Iowa
Member since Jun 2022
13492 posts
Posted on 8/24/24 at 2:51 pm to
quote:

Even if aren't that plan would totally frick the stock market.

The stock market has been a sham for years now. There's a reason folks like Nancy Pelosi make bank off it.

When shite like gamestop happens it becomes apparent that any money we make off of it is just happenstance
Posted by Corinthians420
Iowa
Member since Jun 2022
13492 posts
Posted on 8/24/24 at 2:53 pm to
quote:

how did income tax get started?

do you really think they started taxing everyone 35.0% overnight?

No, that would be ludicrous and start riots. But.. introduce it slowly, and look around

I said this law is stupid. Just think it's also dumb of OP to make the members of the OT that don't know better think this will also apply to them. It isn't like it's gonna sway the election in Louisiana either way so why cause some random OTer unneeded stress on the opening day of College Football
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