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re: Yellen wants Treasury to tax unrealized capital gains
Posted on 1/21/21 at 11:02 pm to RebelExpress38
Posted on 1/21/21 at 11:02 pm to RebelExpress38
quote:
Yellen wants Treasury to tax unrealized capital gains
The Party has instructed you to rectify your thread title
It should read 'If you like your 401(k) you can keep your 401(k)'
0
Posted on 1/21/21 at 11:04 pm to RebelExpress38
unconstitutional.
The Feds can constitutionally tax income, but unrealized capital gains are not income.
The Feds can constitutionally tax income, but unrealized capital gains are not income.
Posted on 1/21/21 at 11:06 pm to M. A. Ryland
quote:
unconstitutional
Spoken like a true white supremacist
State Security is on the way to escort you and your family to local Party Headquarters
This post was edited on 1/21/21 at 11:06 pm
Posted on 1/21/21 at 11:08 pm to M. A. Ryland
The left will simply change the definition of income.
When the regional Fed leaders began preaching about waging war against social justice, equality and climate change, you knew the goalposts were being moved.
When the regional Fed leaders began preaching about waging war against social justice, equality and climate change, you knew the goalposts were being moved.
Posted on 1/21/21 at 11:11 pm to KillTheGophers
Right. He does make a good point about not fitting the definition of taxable income, but nothing is off the table when talking bout unrealized cap. gain tax, including the definition of taxable income. I don't this is in the realm of possibility but the fact it has been laid out as an idea is concerning on many levels, not just income tax.
This post was edited on 1/21/21 at 11:12 pm
Posted on 1/21/21 at 11:17 pm to M. A. Ryland
Dude. They’re changing definitions of race, gender, everything. Don’t think “taxable income” is some insurmountable obstacle.
Posted on 1/21/21 at 11:19 pm to M. A. Ryland
quote:
unconstitutional.
The Feds can constitutionally tax income, but unrealized capital gains are not income.
The feds tax all manner of things that aren't income.
Estate taxes
Excise taxes
Posted on 1/21/21 at 11:28 pm to Malik Agar
quote:
You already know the line. Blacks and other underprivileged groups do not have 401k savings. It's racist not to share and give everyone the same footing
Which makes it all the more funny/tragic because we've continually been told that educated whites and suburban women flocked to Biden and the dems. They're rewarded with no student loan forgiveness, mandatory "you're racist" trainings, men playing women's sports (killing title IX, and that whole locker room drama thing), and any semblance of retirement potentially vanishing.
The whiplash from reality hitting them will be a spectacle.
Posted on 1/21/21 at 11:32 pm to M. A. Ryland
My question is how would it be taxed. We know if you buy a commercial building at $400,000 and it sells for $600,000 you are taxed on $200,000 @ 20% of the gain on $200K. How would unrealized gain be taxed? They can’t just hit you for a 20% tax every year. Would it be a 2% tax every year based on the appraised value of said building?
Posted on 1/21/21 at 11:33 pm to LSUFanHouston
quote:
Treasury for many years has wanted to reduce the differences between corporate tax earnings and corporate GAAP (financial statement) earnings.
It'll be interesting to see if they actually push legislation with a minimum tax on "book" earnings. Thinking about tracking the impact of something like that on deferreds...bwahahaha.
Posted on 1/21/21 at 11:40 pm to Ace Midnight
quote:
Where does it end with these people?
When you have nothing left that they can take
Posted on 1/21/21 at 11:45 pm to RebelExpress38
quote:
But that would only come after reining in the coronavirus pandemic, which has killed over 400,000 in the United States, and the economic devastation it brought.
Ok, so let's wait until whichever time the goddamn elf Fauci tells us it's safe and we can fully open the economy back up, and then unleash crippling taxes on that economy.
I fricking hate what we have allowed the liberals to do to America. From here on this country is going to be a blazing dumpster fire.
Posted on 1/22/21 at 12:42 am to Oates Mustache
quote:
I have not heard this one. 401k's and home equity will push some people over the edge. You have to think they're smarter than this.
Never underestimate the stupidity of government officials.
They’ll couch the 401k grab as necessary to save SSI, the media will proclaim it as the greatest idea ever and if you don’t support it you’ll be starving seniors.
Said seniors will be told their Social Security will disappear and fall all over themselves to talk about how necessary it is. Guilt their kids and grandchildren to support it. Opposition to it will be crushed without any outcry in the media.
I give it a year or less before they start talking seriously about it.
Posted on 1/22/21 at 12:45 am to RebelExpress38
I don’t think this has been a secret.
Posted on 1/22/21 at 12:58 am to thetempleowl
quote:that boosts the economy more than hoarding it
This is genius. Because they are idiots and will just spend it.
Posted on 1/22/21 at 1:05 am to chalmetteowl
quote:
that boosts the economy more than hoarding it
What part do you think qualifies as “hoarding” it?
Posted on 1/22/21 at 1:19 am to RebelExpress38
It’s all tied in together, People NEED TO WTFU
THEY CREATE CHAOS, BIOLOGICAL “Silent Viruses”
Then they have a quick Vaccine
Then, while you are distracted, they will print $2-3 TRILLION and de-value everything you own. By the end of their scheme, they do not want general public to OWN ANYTHING. It’s either your on top or on the bottom.
People need to open their eyes. Have a good night! WB
THEY CREATE CHAOS, BIOLOGICAL “Silent Viruses”
Then they have a quick Vaccine
Then, while you are distracted, they will print $2-3 TRILLION and de-value everything you own. By the end of their scheme, they do not want general public to OWN ANYTHING. It’s either your on top or on the bottom.
People need to open their eyes. Have a good night! WB
Posted on 1/22/21 at 4:25 am to Catchfalaya
quote:So, you’ve already agreed to the idea of an unrealized capital gains tax and now you just want to know the details??? frick that!!!
My question is how would it be taxed. We know if you buy a commercial building at $400,000 and it sells for $600,000 you are taxed on $200,000 @ 20% of the gain on $200K. How would unrealized gain be taxed? They can’t just hit you for a 20% tax every year. Would it be a 2% tax every year based on the appraised value of said building?
Posted on 1/22/21 at 4:49 am to MoarKilometers
quote:
Can I write off unrealized losses as well? Could make this fun.
No. You voted for it. You pay for it
Posted on 1/22/21 at 4:53 am to RebelExpress38
We are 26T in debt. If this is done what will national debt be in 5 years? What are the ramifications if otherwise. All this talk about “what else can we tax”, i‘ll hear you out but blind taxation for no resolution is theft.
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