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Started By
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re: Kamala Harris just released more tax policy proposals…jeez
Posted on 8/20/24 at 3:54 pm to moneyg
Posted on 8/20/24 at 3:54 pm to moneyg
quote:
Can you imagine her standing up there attempting to discuss this?
Yeah, I need more than just a talking point about taxes on unrealized gains. A cursory explanation from Kamala would suffice (and would be highly entertaining). Can you imagine the word salad that would ensue?
2
Posted on 8/20/24 at 3:56 pm to HailHailtoMichigan!
Posted on 8/20/24 at 3:57 pm to HailHailtoMichigan!
Posted on 8/20/24 at 3:58 pm to HailHailtoMichigan!
Man... our govt sure loves taking as much money from as possible.
Posted on 8/20/24 at 3:59 pm to iron banks
This is how you get to the World Economic Forum's promise that by 2030 "You'll Own Nothing and Like It". If they impose a 25% tax on unrealized gains, then no individuals will be able to own property. They will have to sell their property to pay the tax and the only buyers will be large corporations that will then rent them out. And the tax valuations will occur the same way as current property tax valuations. You'll just get a bill in the mail for whatever the government has assessed your property to be valued at.
The government will be able to confiscate your guns in the same way. You know that shotgun that you've owned for 20 years, it's now worth $10k because we say so. Oh you don't have the money to pay the tax, the IRS will just take it from you instead.
The government will be able to confiscate your guns in the same way. You know that shotgun that you've owned for 20 years, it's now worth $10k because we say so. Oh you don't have the money to pay the tax, the IRS will just take it from you instead.
Posted on 8/20/24 at 3:59 pm to roadGator
quote:
VOR loves this shite.
Probably is a barista on Bourbon
Posted on 8/20/24 at 3:59 pm to HailHailtoMichigan!
She really does have one of the greatest economic minds of a generation....
Truly extraordinary.
This is sarcasm if you couldn't tell.
Truly extraordinary.
This is sarcasm if you couldn't tell.
Posted on 8/20/24 at 4:01 pm to idlewatcher
No. Old man out west somewhere retired in the home with his wife’s boyfriend. It’s nice that they worked it out.
This post was edited on 8/20/24 at 4:02 pm
Posted on 8/20/24 at 4:01 pm to HailHailtoMichigan!
quote:F*ck this. And f-*ck anyone that votes for this stupidity.
25% on unrealized gains
quote:Yes. Taxing unrealized gains (presumably I wouldn’t get a cash refund for unrealized losses) means other capital markets around the world get A LOT more attractive. The capital flight will be swift and devastating.
Do some of her fans on here really think this will have no economic impact?
It would the single dumbest economic policy since Smoot-Hawley
This post was edited on 8/20/24 at 4:05 pm
Posted on 8/20/24 at 4:01 pm to HailHailtoMichigan!
quote:
Wants to tax unrealized gains
This is not a surprise. Democrats have been after gains in 401ks for a LONG time.
Posted on 8/20/24 at 4:04 pm to HailHailtoMichigan!
quote:
25% tax on unrealized gains
frick this gay earth.
Posted on 8/20/24 at 4:09 pm to BigPerm30
quote:they love america. it allows them to steal people's money with no consequences.
This is the perfect plan. They hate America.
Posted on 8/20/24 at 4:13 pm to skullhawk
quote:
Taxing unrealized gains is madness
Also happens to be unconstitutional for the Feds (constitution allows taxing INCOME, not wealth. ) unrealized gains are not income.
Posted on 8/20/24 at 4:15 pm to SquatchDawg
quote:
Anyone that proposes taxing unrealized gains is beyond stupid.
Wait til they find out that value of their home has unrealized gains and you have to sell it just to pay the taxes and move into a rental.....probably your same home, bought up by blackrock
Posted on 8/20/24 at 4:16 pm to HailHailtoMichigan!
More appeal to the growing class of government dependents such as Tboy, c on z, bama atl, etc
Posted on 8/20/24 at 4:17 pm to HailHailtoMichigan!
And none of that will cover a fraction of the spending they’re proposing
Posted on 8/20/24 at 4:18 pm to SloaneRanger
quote:
Didn’t you vote for this in 2020?
He sure did. I can’t believe he has the nerve to even post here anymore. Such a soft bitch he is
Posted on 8/20/24 at 4:18 pm to HailHailtoMichigan!
quote:
The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals
This is such BS. How can you be taxed on something yet to be earned?
Posted on 8/20/24 at 4:21 pm to SlowFlowPro
quote:
Silicon Valley ownership class: sigh, we're going to have to support Trump, aren't we?
The only thing they’re terrified of more than losing their money is being labeled a Trump voter
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