Reply to Harris tax plan - raising taxes on high earners

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote]

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[/quote]

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. [/quote]

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.[/quote]

JFC you guys actually say this shit unironically.[/quote]

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.[/quote]

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