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Started By
Message
re: Unrealized capital gains 101
Posted on 8/24/24 at 3:13 pm to Corinthians420
Posted on 8/24/24 at 3:13 pm to Corinthians420
quote:That’s called just the tip. If you do not think the “worth” threshold will be lowered in the future you’re a damned fool.
You should've included the part where this law only applies to households worth $100+ million for transparency.
1
Posted on 8/24/24 at 3:13 pm to hawgfaninc
Just stop allowing people to leverage debt with investments.
Posted on 8/24/24 at 3:16 pm to jaytothen
quote:
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.
Anyone supporting stuff like this is too stupid to realize that.
Posted on 8/24/24 at 3:17 pm to AUCE05
quote:
Just stop allowing people to leverage debt with investments.
This would drastically alter our economic system and cause a lot of initial pain, but probably a wiser long-term solution than trying to fine tune with thousands of pages of regulations and exceptions.
Posted on 8/24/24 at 3:18 pm to The Boat
Posted on 8/24/24 at 3:19 pm to jaytothen
quote:
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 is true, but the alternative is also fricking us. we get fricked from both sides no matter what, this isn't an either/or scenario.
Politicians all lie to us, we shouldn't lie to each other. the bill being proposed only applies to folks worth $100million+ (for now at least)
This post was edited on 8/24/24 at 3:21 pm
Posted on 8/24/24 at 3:23 pm to hawgfaninc
Pocahontas has been trying for close to 10 years to push this through. Except she wants every unrealized gain no matter how much, taxed. If you make a dollar, she wants 46% of it.
Posted on 8/24/24 at 3:23 pm to hawgfaninc
We tried telling you that Democrats would come after you 401Ks. This is how they want to do it. Taxing 401Ks every time they go up, even though you don't pull anything out.
Posted on 8/24/24 at 3:25 pm to jrodLSUke
The threat of this passing has already tanked the frick out of the market. Maybe they know something
Posted on 8/24/24 at 3:25 pm to hawgfaninc
That lady is nothing but a bunch of pot-valor.
Posted on 8/24/24 at 3:25 pm to Gusoline
quote:
what's next, allowing mortgage companies to add " unrealized gains" to your principle?
Wat? That is nonsensical. The mortgage contract is separate from the purchase of the property.
They are linked but are separate contracts. Your mortgage contract spells out the princple balance, interest rate, due date of payments, penalties, etc.
The lender can't just tack on new principle to the contract without your consent.
The URGL tax discussion is retarded but your fearmongering here is even more unhinged.
This post was edited on 8/24/24 at 3:28 pm
Posted on 8/24/24 at 3:28 pm to jmorr34
quote:
You worth 100mil baw?
What does it matter if he is or isn't?
Rich people shouldn't have to pay taxes on fairytales.
Posted on 8/24/24 at 3:31 pm to hawgfaninc
quote:
Unrealized capital gains
Eat the rich
Posted on 8/24/24 at 3:32 pm to White Bear
quote:
quote:
You should've included the part where this law only applies to households worth $100+ million for transparency.
That’s called just the tip. If you do not think the “worth” threshold will be lowered in the future you’re a damned fool.
This. We already have clear unequivocal evidence that this will happen with the Alternative Minimum Tax. When enacted in 1969, the public was assured that it would only affect 155 - that's right, one hundred and fifty five - households in the US.
By 2010, it was hitting almost 35 MILLION US households. Trump's tax cuts put it partially back into it's hole, dropping the affected returns down to 0.1% of all US returns, but it still pulls in >$5B, and hits taxpayers making as little as $200k. Trump's reforms significantly reduced the number of payers under $500k AGI, and also reduced a good number of payers under $1M AGI. These are the same reforms that Kambala wants to overturn.
So yeah, you pollyanna DA's, just go ahead and believe with all your widdle hearts that this tax will only apply to billionaires.
Posted on 8/24/24 at 3:45 pm to TigerHornII
is it ok to hate ragebait facebook posts and also hate this law? or to be against this law you have to support dishonesty?
this is what i loathe about politards. to them everything is about the ends justifying the means.
why not just be transparent?
OP couldve included this in his post and had the same effect with 0 dishonesty
this is what i loathe about politards. to them everything is about the ends justifying the means.
why not just be transparent?
quote:
We already have clear unequivocal evidence that this will happen with the Alternative Minimum Tax. When enacted in 1969, the public was assured that it would only affect 155 - that's right, one hundred and fifty five - households in the US.
By 2010, it was hitting almost 35 MILLION US households.
OP couldve included this in his post and had the same effect with 0 dishonesty
This post was edited on 8/24/24 at 3:48 pm
Posted on 8/24/24 at 3:54 pm to hawgfaninc
You could have said " democrats want to tax citizens more than they already do" and accomplish the same thing for this board.
Posted on 8/24/24 at 4:34 pm to hawgfaninc
Any proposal for taxing unrealized gains will result in an upward basis adjustment. So you would have a huge loss at sale to offset other gains.
The 3K net loss rule would need some work.
The 3K net loss rule would need some work.
This post was edited on 8/24/24 at 4:45 pm
Posted on 8/24/24 at 4:36 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
Woodrow Wilson passed the income tax under the same guise
Yet, here we are
Posted on 8/24/24 at 4:36 pm to Chucktown_Badger
quote:
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 already an option under trader rules.
But it should not be mandatory.
Posted on 8/24/24 at 4:38 pm to North Dallas Tiger
quote:
shout out 1031 exchanges
Doesn’t apply to stock sales
quote:
qualified opportunity zones
Until they update these rules, this is not nearly the good deal it used to be.
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