The (Current year) General Political/Salma Hayek discussion Thread Part V

[actaeon277]

 

[nonobaddog]

That is one sorry dooshbag of an excuse for a human.

 

[actaeon277]

More taxing the "rich".
Instead of paying tax on a capital gain, when you sell... you'll pay each year you own it and it goes up, even if it's just a number on paper because you haven't sold it.

 

[actaeon277]

 

[nonobaddog]

More taxing the "rich".
Instead of paying tax on a capital gain, when you sell... you'll pay each year you own it and it goes up, even if it's just a number on paper because you haven't sold it.

I suppose next they will want to tax your projected future income before you receive it. They really are out-of-control bat-**** crazy.

 

[d.kaufman]

I suppose next they will want to tax your projected future income before you receive it. They really are out-of-control bat-**** crazy.

Shhh...don't give them any ideas

 

[BugI02]

More taxing the "rich".
Instead of paying tax on a capital gain, when you sell... you'll pay each year you own it and it goes up, even if it's just a number on paper because you haven't sold it.

And, of course, no provision for you to utilize a paper loss in a similar manner. What look like good gains need to be retained for the times when a Biden or a Carter (but I repeat myself) tanks the economy and your investments lose 25 to 33%

Ratchet effect

 

[Ingomike]

They are coming for our retirement funds…

 

[actaeon277]

They are coming for our retirement funds…

Yup.
People forget that

 

[Johnny C]

Yup.
People forget that

Soon, they will be turning over every stone to keep the USA afloat financially. Best to get all your funds into tangible (and hide-able) goods.

 

[BigRed]

I suppose next they will want to tax your projected future income before you receive it. They really are out-of-control bat-**** crazy.

They have already done it to your children and grandchildren.

These ******** can burn in ****.

 

[Tombs]

I suppose next they will want to tax your projected future income before you receive it. They really are out-of-control bat-**** crazy.

That's precisely what this is, lol.

Taxing yet-unrealized gains.

 

[nonobaddog]

That's precisely what this is, lol.

Taxing yet-unrealized gains.

Well, no, right now they are talking about taxing unrealized capital gains only for people that have $100M gains for 3 years in a row or have a net worth over $1B. They are not talking about taxing your salary that you have not received yet - so far.

One problem is that once they get this tax in place it will be easier to make changes to the gains limits and net worth limits and pretty soon they will taxing unrealized gains for everybody. And then it would be another short hop to taxing salaries and income that have not been received yet.

 

[Tombs]

Well, no, right now they are talking about taxing unrealized capital gains only for people that have $100M gains for 3 years in a row or have a net worth over $1B. They are not talking about taxing your salary that you have not received yet - so far.

One problem is that once they get this tax in place it will be easier to make changes to the gains limits and net worth limits and pretty soon they will taxing unrealized gains for everybody. And then it would be another short hop to taxing salaries and income that have not been received yet.

It's not even in law yet, they'll say it's for the billionaires, then it'll end up like the bank reporting. They'll quietly lower that bracket until it affects everyone and say "only rich people own stock!"

 

[actaeon277]

Most taxes started out "for the rich".
The definition of rich changes.

 

[actaeon277]

 

[actaeon277]

 

[nonobaddog]

I suppose it goes with the outfit but I think black fingernail polish looks horrible.

 

[actaeon277]

I suppose it goes with the outfit but I think black fingernail polish looks horrible.

I agree.
And also, never even saw it.

 

[oze]

They are coming for our retirement funds…

One thing that I haven't heard much about is the effect on us little guys when the people who are directly affected by taxes on unrealized gains dump their stocks upon the enactment of this fiat. The market will tank, and we'll get crushed.

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