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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]She supports a tax on unrealized capital gains.

[twitter]https://x.com/Andreafreedom76/status/1822293095460839636[/twitter]

Americans Overwhelmingly Reject Harris-Biden Unrealized Capital Gains Wealth Tax |

The 2025 Biden budget proposes to tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers).  If this tax proposal went through, investors would flee the stock market and potentially create a stock market crash effecting even pensions of middle class Americans.  [/quote]

Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend”  . No thank you! [/quote]

Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?[/quote]

It doesn't matter.  Even if ONE person is impacted it is a very bad idea.

Once the government starts taxing people on money they have not received we are going down a dark road.  It may be only a few people now, but what will stop these progressive leaders from lowering the bar.  When they need more money to fund their progressive projects, it will be lowered to those making $400,000.  
It is a ludicrous idea and one that sane people should reject. [/quote]

So you think the current tax structure with all off the changes from the 1980s works better from the average person than it used to?[/quote]

What a red herring.  
We are talking about the insane ideal of taxing unrealized gains.  This has nothing to do with other changes to tax codes.  [/quote]

Why should any of us care about people who make 1 mil or have 10 mil in assets? We should be trying to reduce income inequality and pay for our government rather than crying about the wealthy. Can you explain why anyone (who has a normal income) should care about this?

[/quote]

I have over $10M and I care. I created a successful IT business with my own and borrowed funds that now employs over 163 people. My skilled employees enjoy excellent salaries, healthcare benefits that my company pays over half the premiums for, 401K matching so they can eventually retire with a good next egg, business class travel, and other benefits. My company provides a service that is in demand. I took the risk....I should reap the reward.[/quote]

You will reap the reward. How much is enough? 30 million? 100 million 500 million? How much do you need or can you spend in a lifetime? And no one is sayig your take away is capped at $10 million. It is just that over that amount, you will pay a tax on it. Guess what, you can put some of the monies into trusts for your kids to lower your estate. There are all sorts of gimmicks the rich have to shield money. Is this really the thing you want to cry about? Or I suppose living in an authoritarian state where someone like Trump can simply confiscate your company, your money etc without raising an eyebrow. take a look at how other authoritarians operate. Is that what you want here?[/quote]

Actually, if you have been paying attention, which you clearly have not, the Democrats want us living in an authoritarian state. They want to control out speech, suppress free expression, and turn this great country into a failed socialist "utopia".[/quote]

Please show where elected democrats are using the instruments of government to control your speech or suppress your free expression.[/quote]

https://www.usatoday.com/story/news/factcheck/2023/01/18/fact-check-fbi-gave-3-million-twitter-information-requests/11033845002/[/quote]

So you are okay with foreign sources spiking our media chains with false information?[/quote]

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