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re: Kamala Harris just released more tax policy proposals…jeez
Posted on 8/20/24 at 3:33 pm to HailHailtoMichigan!
Posted on 8/20/24 at 3:33 pm to HailHailtoMichigan!
So in reality they just want to steal from Americans.
Got it.
fricken twats
Got it.
fricken twats
0
Posted on 8/20/24 at 3:33 pm to HailHailtoMichigan!
quote:frick her and her puppet masters pushing this shite.
She wants highest cap gains tax in American history
Wants to tax unrealized gains
Posted on 8/20/24 at 3:33 pm to rds dc
quote:
Is she trying to throw the election?
You might be right. She is willing to make a run as long as she loses then she can move back to California, retire in Sausalito and drink boxed wine every day.
Posted on 8/20/24 at 3:33 pm to HailHailtoMichigan!
quote:
Wants to tax unrealized gains
What? For everyone?? You are about to see a glut of homes for sale of America is stupid enough to put this laugh machine into office.
Posted on 8/20/24 at 3:33 pm to BigPerm30
44% cap gains? frick that. Is that just over an income threshold What about unrealized losses?
This post was edited on 8/20/24 at 3:36 pm
Posted on 8/20/24 at 3:34 pm to SloaneRanger
quote:
Have you been paying attention to the Democrats the last few years?
It’s been batted around and mostly laughed at….now it’s their damn Presidential nominee talking this idiocy.
Posted on 8/20/24 at 3:35 pm to SquatchDawg
quote:
Even better, how do you get the cash to pay taxes in unrealized gains? You have to sell 25% of your asset.
Yes which crashes the asset price then your gains are not realized.
This post was edited on 8/20/24 at 3:36 pm
Posted on 8/20/24 at 3:36 pm to HailHailtoMichigan!
Do they get to deduct unrealized losses?!
Posted on 8/20/24 at 3:37 pm to jrobic4
quote:
Do they get to deduct unrealized losses?!
Of course not.
TBH, Kamala doesn't even know WTF these tax policies mean.
Posted on 8/20/24 at 3:37 pm to BigPerm30
quote:
They hate America.
From those with, to those without.
Posted on 8/20/24 at 3:37 pm to HailHailtoMichigan!
quote:I want a tax credit on stocks that have the potential to lose value.
Wants to tax unrealized gains
Posted on 8/20/24 at 3:37 pm to HailHailtoMichigan!
quote:
25% tax on unrealized gains
Posted on 8/20/24 at 3:38 pm to GumboPot
quote:
25% on unearned gains.
Yeah, you want to see a depression? This is how you see a depression.
I don't even understand how the stock market could continue to operate if you start doing that shite. How are you possibly imposing such a thing? Yearly? All on the same day?
I can't imagine the upheaval that would occur in the markets for everyone trying to somehow find a way to cover such a ridiculous "tax."
Posted on 8/20/24 at 3:40 pm to HailHailtoMichigan!
Let me guess, politicians are immune from the unrealized gains tax.
Posted on 8/20/24 at 3:42 pm to HailHailtoMichigan!
Can you imagine if this tax proposal of 44% capital gains gets passed the amount of people cashing out there 401k and IRAs right before this law goes into effect?
Posted on 8/20/24 at 3:43 pm to HailHailtoMichigan!
quote:
Wants to tax unrealized gains
Words fail me to describe just how ignorant this idea is.
Posted on 8/20/24 at 3:43 pm to Y.A. Tittle
quote:
I don't even understand how the stock market could continue to operate if you start doing that shite. How are you possibly imposing such a thing?
See, it's a trick. If you have to sell to pay your 25% on unrealized gains, but then those gains to pay taxes would get taxed as realized gains at 44%. Then you have to sell more to gross up to the proper amount.
Wall Street would collapse.
Posted on 8/20/24 at 3:43 pm to Double Oh
quote:
Can you imagine if this tax proposal of 44% capital gains gets passed the amount of people cashing out there 401k and IRAs right before this law goes into effect?
401(k)s and IRAs don't have capital gains taxes, but I get your point.
This post was edited on 8/20/24 at 3:44 pm
Posted on 8/20/24 at 3:43 pm to Y.A. Tittle
The stock market would crash is my thinking ? No? Yea?
Posted on 8/20/24 at 3:45 pm to Bigdawgb
quote:
What does Nancy Pelosi, wall street oracle, have to say about this??
You silly goose, the law won’t apply to the ruling class, only us plebes.
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