Posted on 04/02/2019 10:52:34 AM PDT by reaganaut1
How about requiring all government employees to pay annual income taxes on the future value of their retirement benefits, beginning from their first day on the job?
Love it!
“Democrats can point to plans by Mr. Wyden and others to answer the question of how they plan to pay for their policy proposals should they win the presidency and Senate control next year.”
can they raise $93,000,000,000,000 that way?
Exile, we need exile. Other countries use it with impunity.
Drive Ron to the airport, give him a list of countries within range of the Federal jet he is being hustled aboard in handcuffs, and inform him,
"You may not return to the US or any of its terrorities. If you do, you will spend the rest of your life in a Supermax. Also, all of your assets have been seized and forfeited. Have a nice flight."
when are they going to tax air? oh, wait, they already are!
So, will people be able to deduct unrealized losses? No? Well THAT sounds fair.—————
Of course it’s fair. Only filthy rich capitalist pigs own stocks while honest working folk toil and moil for their starvation wages. This will be ever so much more fair.
Doesn’t require you to sell anything-—it is all ‘pie in the sky’ ESTIMATES of what your items are worth.
Pelosi brought this up years ago with Obama & it got shot down.
Too many Congress persons had too many investments.
Anyway you assess this proposal-—it is built on ‘estimates’ of what your items are worth. WHO is doing those estimates???
Imagine having a house in the growing market in 2007 & getting such a tax applied & then your house value went down by over 50% in 2008 when Schumer & Obama crashed the economy-—
Where is your refund for the lower value?
THERE ISN’T ONE !!!
N Nevada politicians worked hard to bring lots of new businesses to N Nevada.
They succeeded-—over 60,000 new employees in past 2 + years.
Home sales prices in Reno this year over last year—month to month== over 40% higher.
IF I have a house & I don’t want to sell it, I will have to pay a tax on ‘perceived’ increased value because the guy next door sold his house? !!!!!!
What a house of cards—
It is ALL perception...and non-binding appraisals.
IF you tell me that my property has increased THAT much in value-—PROVE IT—BUY IT FROM ME !!!
Democrats have less understanding of economics than Nikolas Maduro. This policy would force stock sales, crash the market, destroy capital formation, cause capital flight, generally wreck the US and even world economies, and result in massively reduced US tax revenues.
But the “rich” (i.e., anyone who works, saves, and invests a penny) would be ruined, so the underclass would be happy. Wyden, Dumbass-Oregon, should resign today.
Taxing REALIZED gains is a horrible idea and always will be..........They were never taxed before 1913.........
This is all a kissing cousin to Estate Taxes....Any assets I have I bought with AFTER TAX $$$$$.
Gee Mr. Wyden, if everyone is “economically equal” then who will be left to tax since the rich will be equally poor?
And will this tax have to be paid on non-market investments like private businesses, farms or even houses? And will they account for inflation or just tax your gain even if it comes from Fed induced currency devaluation?
Didn't Ten Years After write a song about that?
Absolutely looney. So if you pay tax on an unrealized gain, and the stock then goes down, do you get a refund the next year? If it recovers after that do you pay tax on the same gain again?
Sounds like a great way to extort a land sale at a deflated price.
Major flaw in the Democrat logic on this one:
If we pay taxes on so-called “unrealized gains,” what happens when, next year, if the market goes down and we sell the stocks at a loss?
Do we get a 100% refund from the IRS on those taxes we paid on “unrealized gains” that never were realized?
Inquiring minds want to know...
In true form, the Dems are always shallow thinkers, never thinking about the ramifications of their central planning fascism.
This will never happen. Too many Democrats make money this way. The stock market would crash.
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