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re: Unrealized capital gains 101

Posted on 8/24/24 at 2:56 pm to
Posted by The Boat
Member since Oct 2008
175662 posts
Posted on 8/24/24 at 2:56 pm to
quote:

Will never happen. Not a chance in hell.


Yeah cause she'll lose based on her retarded economic proposals but don't hold your breath for our retarded countrymen (Reeeeeeeee) to do the right thing.
Posted by SingleMalt1973
Member since Feb 2022
22214 posts
Posted on 8/24/24 at 2:57 pm to
What if I just sell Cocaine instead?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53050 posts
Posted on 8/24/24 at 2:58 pm to
Democrats are just as in bed with Wall Street as Republicans. I agree that it won't happen, but I'm almost as concerned that roughly half of the country would support it
This post was edited on 8/24/24 at 2:59 pm
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/24/24 at 2:59 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


You do realize that if the people with high net worth stop playing the market because it's effectively a loser for them it fricks us as well, right?
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 8/24/24 at 3:00 pm to
quote:

Yeah cause she'll lose based on her retarded economic proposals but don't hold your breath for our retarded countrymen (Reeeeeeeee) to do the right thing.

I don't see her path to winning at all, either. But on the chance she does, she's not fricking over the rich as they like to boast.
Posted by go ta hell ole miss
Member since Jan 2007
14546 posts
Posted on 8/24/24 at 3:00 pm to
quote:

You worth 100mil baw?


Right. And, income tax was only going apply to the top 3% and they had to be from northern states.
Posted by Corinthians420
Iowa
Member since Jun 2022
16104 posts
Posted on 8/24/24 at 3:01 pm to
quote:

You do realize that if the people with high net worth stop playing the market because it's effectively a loser for them it fricks us as well, right?

I do, but do you think if they take it out of the market they aren't gonna invest it somewhere else like investing in businesses/creating jobs?

I thought that was the entire principle of trickle down?
This post was edited on 8/24/24 at 3:02 pm
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 8/24/24 at 3:01 pm to
quote:

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.


The interest in the loan is causing income.
Posted by The Boat
Member since Oct 2008
175662 posts
Posted on 8/24/24 at 3:01 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

And the income tax was supposed to be only 1%
Posted by rattlebucket
SELA
Member since Feb 2009
12554 posts
Posted on 8/24/24 at 3:02 pm to
Nice lesson. Wont happen. Market would crash. Dumb Kamela
Posted by cptigger
Nola
Member since Jun 2005
1581 posts
Posted on 8/24/24 at 3:04 pm to

I have no doubt they are coming for the individual investor over time. This is their pathway.

Question I have is, what about hedge funds? Would something like this apply to them?
Posted by Corinthians420
Iowa
Member since Jun 2022
16104 posts
Posted on 8/24/24 at 3:04 pm to
quote:

Wont happen. Market would crash. Dumb Kamela

exactly
Posted by RougeDawg
Member since Jul 2016
7298 posts
Posted on 8/24/24 at 3:04 pm to
All the members of Congress would be screwed; unless they get an exception on that one too.
Posted by LordSaintly
Member since Dec 2005
42027 posts
Posted on 8/24/24 at 3:05 pm to
What about unrealized losses? Will I get a tax break for those?
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 8/24/24 at 3:06 pm to
quote:

Question I have is, what about hedge funds? Would something like this apply to them?


Yes, technically hedge and PE can do that already if they want. Shocker, but nobody elects it.
Posted by salty1
Member since Jun 2015
5026 posts
Posted on 8/24/24 at 3:07 pm to
All I can add is frick taxes and frick this gay government.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/24/24 at 3:09 pm to
quote:

All the members of Congress would be screwed; unless they get an exception on that one too


Just how many members of Congress do you think have a net worth over $100 million? I expect it's a very, very small number.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53050 posts
Posted on 8/24/24 at 3:10 pm to
quote:

When shite like gamestop happens it becomes apparent that any money we make off of it is just happenstance

The funny thing is that GME was the little guy fricking over the hedge funds. They were allowed to short more than the float which created the ultimate squeeze.
Posted by Jrv2damac
KS (mountain time)
Member since Mar 2004
72110 posts
Posted on 8/24/24 at 3:10 pm to
quote:

Thanks for mansplaining “pay your fair share”


Are you retarded
Posted by jaytothen
Member since Jan 2020
8274 posts
Posted on 8/24/24 at 3:13 pm to
To all the jackasses saying it's only for households making $100 million, every tax policy ever conceived has always started taxing the top and always trickles down to the middle class and ends up fricking us.

This will be no different.
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