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Unrealized capital gains 101
Posted on 8/24/24 at 2:41 pm
Posted on 8/24/24 at 2:41 pm
For those unaware
34
Posted on 8/24/24 at 2:45 pm to hawgfaninc
You worth 100mil baw?
Posted on 8/24/24 at 2:45 pm to hawgfaninc
Will never happen. Not a chance in hell.
Posted on 8/24/24 at 2:47 pm to jmorr34
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.
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 on 8/24/24 at 2:47 pm to Sao
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 on 8/24/24 at 2:48 pm to hawgfaninc
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 on 8/24/24 at 2:48 pm to hawgfaninc
shout out 1031 exchanges and qualified opportunity zones
Posted on 8/24/24 at 2:48 pm to jmorr34
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 on 8/24/24 at 2:48 pm to Chucktown_Badger
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 on 8/24/24 at 2:49 pm to Ricardo
Ok.
But it's not going to happen.
Posted on 8/24/24 at 2:49 pm to hawgfaninc
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.
That specific scenario is the only one in which it could make any sense.
Posted on 8/24/24 at 2:50 pm to hawgfaninc
what's next, allowing mortgage companies to add " unrealized gains" to your principle?
Posted on 8/24/24 at 2:50 pm to Sao
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.
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 on 8/24/24 at 2:50 pm to Sao
quote:
Ok.
But it's not going to happen.
said every person about every other radical idea proposed in the last century.
Posted on 8/24/24 at 2:50 pm to Corinthians420
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 on 8/24/24 at 2:50 pm to Ricardo
Ok. I'll give it time...
Posted on 8/24/24 at 2:51 pm to Corinthians420
quote:how did income tax get started?
Corinthians420
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 on 8/24/24 at 2:51 pm to fallguy_1978
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 on 8/24/24 at 2:53 pm to wileyjones
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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