Anonymous wrote:

Anonymous wrote:Wow. I'm so worried about you and your $10 million.

You would care if you were one of his/her 163 employees. S/he took a huge risk and created good jobs. What exactly did you do?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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?

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]

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.

Another ignorant liberal who clearly doesn't do their own taxes or understand capitalism. [b]The Trump tax cuts lowered taxes for most Americans 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.

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

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

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?

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".

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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

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?

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".

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

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?

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".

The democrats are not the one banning books or telling you what to do with your body.
The GOP are the ones using government to control business (see DiSantis and Disney or Trump with Boeing)
If you want to use the N word, go for it. Just be prepared for the social blowback.

Please stop with the gaslighting.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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?

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]

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.

Another ignorant liberal who clearly doesn't do their own taxes or understand capitalism. [b]The Trump tax cuts lowered taxes for most Americans 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.

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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

We sound similar. Except we employ more people, and have net worth quite a bit north of $10M. We came here as poor immigrants, and have worked our tail off and utilized the resources offered by the country to get to where we are. Happy to pay back, once we get to $100M. We can't use up $100M in our lifetime.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

Nope. Those tax cuts lowered the tax brackets for most Americans. You clearly don't do your own taxes. Stop parroting the liberal media and actually do the research.


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?

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.

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?

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?

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]

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.

Another ignorant liberal who clearly doesn't do their own taxes or understand capitalism. [b]The Trump tax cuts lowered taxes for most Americans 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.

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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

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?

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".

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

Here's the difference. Money in the "hands" of the wealthy benefits the economy in a healthy, positive, but responsible, way. If a wealthy person puts her money in a bank, the bank loans it it to somebody who can buy a home, start a business, etc., with market driven interest rates paid by the borrower to the bank, and from the bank to the depositor. If a rich person's money is invested in stocks and mutual funds, those companies use the money to grow, create jobs, and so forth. Everyone in the chain is accountable to use the money responsibly. But if money is taken by the government by way of taxes, there is no way to track the legitimate uses from the waste and the politically motivated uses.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

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.

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?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

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.

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?

Here's the difference. Money in the "hands" of the wealthy benefits the economy in a healthy, positive, but responsible, way. If a wealthy person puts her money in a bank, the bank loans it it to somebody who can buy a home, start a business, etc., with market driven interest rates paid by the borrower to the bank, and from the bank to the depositor. If a rich person's money is invested in stocks and mutual funds, those companies use the money to grow, create jobs, and so forth. Everyone in the chain is accountable to use the money responsibly. But if money is taken by the government by way of taxes, there is no way to track the legitimate uses from the waste and the politically motivated uses.

soooo ... why doesn't that money actually "trickle down?"