Harris tax plan - raising taxes on high earners

[Anonymous]

Anonymous wrote:

Anonymous wrote:Funny thread.. All the eco warriors and LGBTQABCD warriors suddenly want to vote for Trump because their taxes go up a smidge. More than likely she won't have congressional support for most of these proposals and will end up with something rather tame.. much like the pathetic gun control legislation we normally get. So, chill.

If it really ends up being as bad as OP's propaganda, pay up. If you make $400K+, you are afford to. It will still be progressive.

I really hate the "you can afford it" crowd. Makes me even more determined to vote red. And I am pro choice, pro LGBTQ, pro environment. But the biggest impact that politics has on me, personally, is how much of MY money that I use to care for MY loved ones are they going to take. So I hold my nose and vote Republican. I always say, if Republicans would drop their stupid social platforms, they'd be the perfect party. And so would Dems, if they would drop the revolting "you can afford it" + "fair share" BS that disincentivizes hard work and productivity and encourages laziness and hands out.

How much money do you really "need" to care of your family? I'm not saying you should only have enough to see to their needs, but at $400K, you are more than able to care for your family.

[Anonymous]

Anonymous wrote:We would be subject to higher taxes. That is ok.

Regardless of how much you do or don't make, working half of your week to pay the government is not okay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We would be subject to higher taxes. That is ok.

Regardless of how much you do or don't make, working half of your week to pay the government is not okay.

You realize we paid more under Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

Not everybody pays it..

https://www.pewresearch.org/short-reads/2023/04/18/who-pays-and-doesnt-pay-federal-income-taxes-in-the-us/

[Anonymous]

Anonymous wrote:Its good to be poor eat the rich.

I'm fine with this as long if she makes a new law that says you have to spend government benefits on salad ingredients instead of i-Phones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$400k isn’t what it used to be with inflation. That price needs to be $600k

Inflation isn't what you think it is. It feels like a group of right wing trolls just discovered DCUM.

You're wrong. If there was any goodwill here, she would adjust the number for inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Its good to be poor eat the rich.

I'm fine with this as long if she makes a new law that says you have to spend government benefits on salad ingredients instead of i-Phones.

That program called the Lifeline program was created by Ronald Reagan

Conservative these days don’t even know their own party, pathetic

[Anonymous]

For all of the haters, the top 1 percent of taxpayers paid more than $1 trillion in income taxes while the bottom 90 percent paid $531 billion. The share of income taxes paid by the top 1 percent increased from 33.2 percent in 2001 to 45.8 percent in 2021.

(This article was updated in 2024.)

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/#:~:text=The%20top%201%20percent%20of%20taxpayers%20paid%20more%20than%20%241,to%2045.8%20percent%20in%202021.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

True. Listen to Harris herself (not deepfakes) talk about her plan, not the media’s interpretation of it. It’s like boiling a frog. You can find clips of Harris describing her strategy and goals on SkyNews. YouTube is your friend here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We would be subject to higher taxes. That is ok.

Regardless of how much you do or don't make, working half of your week to pay the government is not okay.

Seriously. It’s like Harris wants to tank economic growth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

True. Listen to Harris herself (not deepfakes) talk about her plan, not the media’s interpretation of it. It’s like boiling a frog. You can find clips of Harris describing her strategy and goals on SkyNews. YouTube is your friend here.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

True. Listen to Harris herself (not deepfakes) talk about her plan, not the media’s interpretation of it. It’s like boiling a frog. You can find clips of Harris describing her strategy and goals on SkyNews. YouTube is your friend here.

JFC you guys actually say this shit unironically.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We would be subject to higher taxes. That is ok.

Regardless of how much you do or don't make, working half of your week to pay the government is not okay.

Sure it is. You get a lot of benefit from the government.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

True. Listen to Harris herself (not deepfakes) talk about her plan, not the media’s interpretation of it. It’s like boiling a frog. You can find clips of Harris describing her strategy and goals on SkyNews. YouTube is your friend here.

JFC you guys actually say this shit unironically.

What really infuriates me is how the American media won’t play these clips that international media plays. She talks like this knowing full well the press is there. They must be kowtowing to her campaign for some reason. All of them. Yes, even Fox.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We would be subject to higher taxes. That is ok.

Regardless of how much you do or don't make, working half of your week to pay the government is not okay.

Sure it is. You get a lot of benefit from the government.

If I was paying half my income in taxes, I’d quit. Or reduce my income by getting a lower paying job. It’s not my job to subsidize your laziness and irresponsible behavior.