Posted on 09/24/2021 5:47:44 PM PDT by libstripper
Senate Finance Chair Ron Wyden wants to tax billionaires' unrealized wealth gains annually.
Biden said he supports the proposal as a potential method to fund Democrats' social-spending bill.
"I come from the corporate state of America," Biden said. "I just think it's about just paying your fair share, for Lord's sake."
House Democrats have proposed a whole host of options to pay for their $3.5 trillion social-spending bill which includes measures like universal pre-K, tuition-free community college, and paid leave for workers.
One of those options, proposed by Senate Finance Chair Ron Wyden, is a change to the way the government taxes earnings on assets like stocks and bonds. It would mainly affect the wealthy, because their wealth usually derives from investments more than salaries. The gains on those assets - which are called capital gains - are taxed at a far loewer rate than income brought in through wages. The top marginal tax rate on income is 37%; capital gains for the wealthiest Americans are taxed just up to 20%.
(Excerpt) Read more at msn.com ...
Yes sir!
Let’s get that camel nose in the tent!
.
Says the man who allegedly did not pay his fair share.
Wyden is one of the worst. This would screw anybody who might have some stock profits. Screw Wyden and Biden, unAmerican bastards.
Democrat dictionary: “Fair Share” - that means “all the money you have”.
Maybe they can tax vaccine profits.
Funny how these millionaire azzholes spew tax the rich as they are magnificently rich being public servants with their crime families and most of the rich support all of it. Who really pays are you and I. This society is going to collapse one way or another.
“I just think it’s about just paying your fair share, for Lord’s sake.”
You can start with what you owe, sphincterboy.
These aholes can’t wait to steal what isn’t theirs.
Dracula has nothing on these bloodsuckers.
Yes, Mister Biden; pay YOUR fair share!
“WASHINGTON — A new report indicates that President Joe Biden has avoided taxes and owes approximately half a million dollars to the IRS. The report, issued by the Congressional Research Service, shared that Biden avoided paying payroll taxes through illegally using “S” corporations in 2017. The findings were first reported by the NY Post.”
Tax it until there’s nothing left ?
Wyden is a closet MARXIST and always has been, with a little psychopathic tendency just thrown in for flavor.
Another reason why we should just have a national sales tax, and nothing else. Exempt grocery type food.
Got to take people’s money to pay for all the Haitians, Afghans, illegals, etc. coming here.
Of course!
Just pull any bill out of your wallet and READ it!
Thus the idea of cryptocurrency was born.
‘Sitting wealth’ is what you have left over from being taxed in the first place!!
bingo
Otherwise known as ‘gift cards’.
The government giveth, and the government taketh away.
We are all welfare queens now.
All you have Ben, all you have.
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