Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
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.
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?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
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.
Nothing Kamala believes in is sane or politically sound.
She is so politically unremarkable that she just publically claimed Trumps “no tax on tips” as her idea.
What’s next? She’s going to claim the border wall too?![]()
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
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.
Nothing Kamala believes in is sane or politically sound.
She is so politically unremarkable that she just publically claimed Trumps “no tax on tips” as her idea.
What’s next? She’s going to claim the border wall too?![]()
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Wonder what percentage of the population has taxable income above $1 million. Like, why would this be "wildly unpopular" when it doesn't affect 99% of the population?
Were you paying attention to what happened with the stock market a week ago? That should be a warning about the folly of taxing unrealized capital gains.
Calling unrealized capital gains AT DEATH “unrealized” is a huge misnomer.
Money is taxed when it changes hands.
When you die, the money is going to change hands.
This is actually one of the fairest and most painless ways to generate tax income.
This plan is NOT just on death. It is overall. And, it is a ludicrous idea.
The idea of taxing unrealized capital gains—increases in the value of an asset like property or stocks that haven’t been sold yet—is not only unprecedented but fundamentally flawed.
Imagine purchasing shares in a company for $1 million, and next year, those shares appreciate to $1.5 million. Under Biden’s plan, you would owe taxes on this $500,000 gain, despite not having sold the shares or realized any actual profit.
Now imagine that the stock’s value drops back to $1 million the following year. You’ve already paid 25% on a gain that existed only on paper, and now you’re also left shouldering a financial burden without any actual economic benefit.
You can see how this policy might not go over well with the investment community. As influential entrepreneur Anthony Pompliano tweeted last week, “If they want to collect unrealized gains, we’re going to need refunds on unrealized losses.”
Scott Melker, host of the popular Wolf of All Streets podcast, commented that wealthy investors would simply employ a special strategy to minimize the impact of this additional tax burden. Rich people, he says, “will just take more loans against their portfolios,” knowing that the interest they pay on those loans can often be deducted.
This policy could dramatically distort investment behavior, especially when it comes to small caps, startups and early-stage companies. These businesses are often the engines of growth and innovation within the economy, but they rely on investments from those willing to take risks for the promise of future returns.
Knowing that their unrealized gains will be taxed, investors would be less inclined to invest in growth-oriented businesses, which tend to see greater swings in valuation year-over-year than larger, more established companies.
The consequence? A slower rate of innovation and a reduced growth in productivity.
https://www.forbes.com/sites/greatspeculations/2024/04/30/americans-overwhelmingly-reject-bidens-plan-to-tax-unsold-assets/
Anonymous wrote:
Assault weapons do nothing but turn human bodies into hamburger meat. You wouldn't use them for hunting or for any sort of sport. I suppose if you live in a rural area and want to demolish beer cans or something, then yay for you.
Defending a home? Pistol is better for most people who actually own guns.
Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
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.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I guess the barrage of Daily Mail links telling us half-truths about Harris and hoping something sticks is now coming our way.
Half truths, right. But full-on admitted baloney like the couch stuff is fine because "vibes".
Don't they know she is the candidate of JOY? Don't ask for pesky details.
Also not 6 weeks ago people on this very forum were suggesting how to dump Harris because she was considered an election liability for her poor performance. Your ability to hairpin turn is astounding.
No one actually thinks that JD Vance F**** sofas or dolphins, you know that, right? We are approaching the Republican ticket with the level of seriousness with which they treat policy or women’s autonomy.
So you’re equating couch humping to baby killing?
Anonymous wrote:She supports a tax on unrealized capital gains.
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.