re: Biden's Tax Policy is HOT Garbage

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Just here to point out that if you taxed all the assets, not income, of American billionaires at 100% you could not fund the 5 trillion dollar spending bill proposed.

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Couldn't even balance the current budget

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Unrealized

Capital

Gains

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If we do this... shouldn't we tax credit card purchase as income?

Their end goal is to tax all wealth and beat us into submission. I for one couldn’t afford a 3% tax on my net worth as it was created through inheritance and not my paycheck.

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Me too. I’m half way through the CPA exam

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Good luck dude. Finished that 8 years ago now.

Do these clowns wake up, roll out of bed, grab a pen and paper and say,

"How can I kill businesses and jobs in the United States today?"

Then start writing down ideas,

Lets see.. I feel like Democrats notebook would look something like

1) Pay people not to work!
2) Raise minimum wage to 20/hr
3) Tax the rich
4) Tax inheritance
5) Tax unrealized capital gains
6) Print an arse ton of money
7) Raise inflation and pay more people to stay home and print more money
8) Print more money
9) Pay for day care and pay people not to work
10) More environmental regulations
11) Stop building infrastructure like pipelines and build back better by printing more money
12) Tout union jobs, but kill all projects, industry, and manufacturing that may hire union labor
13) Take money from job makers and workers and give it to social justice and environmental justice programs that get in the way of businesses
15) OH, I got a great one, Require Vaccines to Work!
16) OH OH, Require Masks to go out in public!!
17) Bitch about white people
18) Tear down statues
19) Fund viruses that kill your work force
20) Close small businesses because WOOOoooOOOooooO FLu
21) Forget where the Trump put the magic wand

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Just wait until your home is viewed as an investment.

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This person is retarded then. A personal home is a liability and expense NOT an investment.

I have experienced that first hand this year as a homeowner.

You do not get wealthy owning your primary residence; you merely recover some of your expenses when you sell.

I have tracked every penny I have spent on the house since I have owned it.

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Unrealized

Capital

Gains

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Do we get a tax credit for unrealized losses?

Can't wait for these morons to close the mortgage interest 1098 loophole. That will be fun.

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Can't wait for these morons to close the mortgage interest 1098 loophole. That will be fun.

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Or get rid of 1031 exchanges.

Or expand the policy to include assets for those who aren't billionaires.

All kinds of new and exciting ways to destroy the American economy.

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ese foundations not only paid for their lavish lifestyles and funded sHitlary's campaigns, but it also made it very easy to funnel MILLIONS into that worthless piece of f*cking FILTH daughter they have.

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I always wondered how Chelsea Clinton and that out of work fraudster she married could afford a $7MM Tribeca loft and a weekend house in Westchester with no discernable means of income.