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re: Kamala Harris just released more tax policy proposals…jeez
Posted on 8/20/24 at 3:45 pm to Double Oh
Posted on 8/20/24 at 3:45 pm to Double Oh
quote:
The stock market would crash is my thinking ? No? Yea?
All markets.
You would have to pay 25% taxes on the incremental that your house increases in value. Where are people going to get that money?
This post was edited on 8/20/24 at 3:46 pm
1
Posted on 8/20/24 at 3:45 pm to Double Oh
what is the definition of high net worth individual that this would supposedly apply?
Totally stupid
Totally stupid
Posted on 8/20/24 at 3:47 pm to tccdc
The typical $100M+ net worth is not sitting on a pile of cash. That $100M is tied up in businesses.
Posted on 8/20/24 at 3:47 pm to tccdc
quote:
what is the definition of high net worth individual that this would supposedly apply?
I think the definition right now is anyone with $1 million in liquid assets.
Posted on 8/20/24 at 3:48 pm to HailHailtoMichigan!
quote:
Do some of her fans on here really think this will have no economic impact?
I don't know, what are your thoughts?
Posted on 8/20/24 at 3:48 pm to TDTOM
quote:
401(k)s and IRAs don't have capital gains taxes
Not yet …
Posted on 8/20/24 at 3:48 pm to GumboPot
quote:
Wall Street would collapse.
I was an intern at Drexel Burnham on October 19, 1987. The infamous "Black Monday". This would make that look like nothing. Immediate 30 to 40% loss for all markets.
Posted on 8/20/24 at 3:48 pm to roadGator
quote:
VOR loves this shite.
He doesn't know any better. He doesn't even have a working understanding of economics.
Posted on 8/20/24 at 3:49 pm to Double Oh
quote:
The stock market would crash is my thinking ? No? Yea?
I think it's actually worse than that. I don't see how it could conceivably continue to exist as we know it, if such a thing were ever imposed.
<Bunch of folks scrambling around in some back room - Can we just go back to yelling about OMB and nothing else really, PLEASE?!?!>
Posted on 8/20/24 at 3:49 pm to GumboPot
quote:
You would have to pay 25% taxes on the incremental that your house increases in value. Where are people going to get that money?
It's so stupid that it's almost comical.
"Hey great, my home increased in value! It's worth more than I paid for it! Oh wait, I can't afford to give the government $15,000. I guess I have to sell me house and downsize to pay the government."
Posted on 8/20/24 at 3:49 pm to skullhawk
quote:
Taxing unrealized gains is madness.
one of the most insane things i can think of in monetary policy. you don't get this money today but you could some day so i want it now.
Posted on 8/20/24 at 3:49 pm to HailHailtoMichigan!
The left wingers sure are avoiding this thread. Wonder why?
Posted on 8/20/24 at 3:50 pm to HailHailtoMichigan!
How would one properly account for unrealized gains? Once you’re taxed on a certain dollar amount, is that dollar amount exempted next year? Or is that dollar taxed year after year?
This post was edited on 8/20/24 at 3:51 pm
Posted on 8/20/24 at 3:50 pm to HailHailtoMichigan!
quote:
Wants to tax unrealized gains
Can you imagine her standing up there attempting to discuss this?
I doubt she's even able to define unrealized gains.
Posted on 8/20/24 at 3:50 pm to SquatchDawg
The stupid part is most people dont care about taxing the rich. All she and any politician needs to do is just say they are going to give tax breaks to everyone, huge tax breaks. Does not matter that she will not do it, all she has to do is say she will to get some low IQ folks to vote for her just based on that.
Posted on 8/20/24 at 3:50 pm to HailHailtoMichigan!
Taxing unrealized gains is the dumbest fricking proposal I've ever heard.
Pure theft and nothing more.
Pure theft and nothing more.
Posted on 8/20/24 at 3:51 pm to HailHailtoMichigan!
It's like she's outright trying to destroy the country...
This post was edited on 8/20/24 at 3:51 pm
Posted on 8/20/24 at 3:52 pm to PuertoRicanBlaze
Oh i am going to tax you 25% of on unrealized games in your 401k while you are saving for the future. Then when you cash it out I am going to tax you on the capital gains...
Posted on 8/20/24 at 3:52 pm to PuertoRicanBlaze
This is how you get a depression not just a recession. She truly is a special kinda of stupid.
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