Reply to Kamala Harris for President

Forum Index » Political Discussion

Reply to "Kamala Harris for President"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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][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]

[b]Jeez....this is why liberals should not be in charge of our government. Socialism is not the way. Big government is not the way. If you don't like your income, choose a career that pays more. Lord help us.[b][/quote]

Let's be honest for a change. Trickle down never worked. It just made the rich richer and eviscerated the middle class.  The massive tax cuts for billionaires and corporations is just welfare for the rich and has even created the deficit as we know it. [/quote]

Another ignorant liberal who clearly doesn't do their own taxes or understand capitalism. [b]The Trump tax cuts lowered taxes for most Americans [/b]even with the $10K SALT deduction cap. Corporations don't pay taxes. They may write the checks to the IRS but you the consumer pay their taxes for them in the cost of the goods and services that you choose to buy freely. Increasing corporate taxes will be passed right along to you further exacerbating inflation. If you don't like your income, change your career to one that pays more and/or is in demand. Hate billionaires all you want but most of them have become billionaires as entrepreneurs creating businesses that employ thousands of taxpaying Americans and provide products and services people choose to buy. We need more risk-taking entrepreneurs, they deserve the benefits if they are successful because most fail.[/quote]

Bolded is a flat out lie. Maybe it lowered your taxes, and the taxes of the 1% but certainly not "most Americans"[/quote]

Nope. The Trump tax cuts lowered taxes for most Americans. You clearly don't do your own taxes. Stop parroting the liberal media and actually do some research. I would start with irs.gov and look at past tax brackets compared to current ones for various AGIs.[/quote]

Let's say for the sake of argument that the taxes did go down for most Americans. Do you realize that the lowered taxes for us is sunsetting next year, while the tax breaks for corporations is not? So they gave you a temporary break, to push through a much larger tax cuts for corporations, that have been reporting record profits, even as the price of stuff has gone up. [/quote]

Yes I'm aware they are sunsetting next year which is one of the reasons (among many) why I'm hoping we see a red wave and a Trump Presidency in November. What you don't seem to understand is that Corporations don't pay taxes. Sure, they write the checks to the IRS, but their customers (you who willingly buy their products without anyone forcing you) pay those taxes in the form of higher prices for their goods and services as well as less benefits and lower salaries for their employees. Instead of complaining about capitalism like every other liberal, make it work for you. Buy stock in these companies reporting record profits and get on the other side of the equation. Start small and build. Select low cost index funds that pay dividends and reinvest. Wash, rinse, repeat, and get rick "slowly" or quickly if you know what to look for. To paraphrase the quote, capitalism certainly has its flaws but it's so much better than the fantasy socialist utopia that Dems/Liberals desire but never happens in the real world.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics