Talk about gouging. Why doesn’t the government just thin employees that do no work and stop spending on stupid things?
Good. Do it for all Americans. This country deserves the punishment for being so stupid as to allow us to get to this stage. What compassion I had for my fellow man has evaporated thanks to the leftists.
Come and Take It Chiquita. And bring a lot of bananas.
Harris could tell everyone at the convention “If I win, I am going to take your house” and the idiot masses would say “Wait, huh...YAY..HOMELESSNESS ROCKS”
Isn’t Eisner v. Macomber the thing keeping this from happening? Which is one of the many reasons why Dems want to either pack the Supreme Court or replace a few of the judges with fellow travelers.
Voting for Commiekamala is an act that gives aid and comfort to the domestic and foreign enemies of the United States. The Constitution has a word for that.
I have a relative who has a fortune in art collected over many decades.
He would probably have to renounce his citizenship and leave the country if such a policy became law.
‘unrealized cap gains’... money you didn’t make but could have in theory... and they want their taxes on that theoretical profit
F*CK YOU
You already pay taxes on a value gain when you sell.
Thee is a one time exemption for a primary residence
Oh, but they’ll say…it’s only going to hit the really rich!
It doesn’t affect me!
Answer: When did communists ever stop with the rich?
PS: Remember when the alternative minimum tax was for the rich?
Thank God we’re old. We plan on living in this house until we either die or end up in hospice.
We live in clown world and I prefer to watch it unfold from afar.
the income tax amendment was passed with the promise that it was only a 1% tax on millionaires
The house…where the guns are kept?
At this rate in another few decades that 60k for an old home will be worth about 14 million. What a joke...
Threats like this would literally drive a mass exodus of the wealthy out of the country if it looks like it has any chance in heck of passing. That in turn would cause catastrophic damage to the economy - real estate, business investment and capitalization, new startsup and so on would all tank hugely. Either she is a colossal idiot or the goal to explicitly destroy America is no longer being hidden.
This would eventually lead to confiscation of 401Ks and entire retirement portfolios. That’s the only way America can pay off its debts, comrades.
The American Communist Party will leave absolutely no stone unturned in the promotion of more and more tyranny...
That crap would bankrupt every American farmer/rancher.
It was bad enough in ‘22 paying taxes on gains in ‘21 with money you no longer had. Uncle screw you always has his hand out when he thinks you have money and is a niggardly sob when you lose it. See ya! He says as he walks away with what he declares is his profit and never takes a loss.
The whole process is wicked.