All money rightfully belongs to politicians.
unrealized wealth gains?
pay a “fair share”?
a “fair share” of WHAT?
Unrealized capital gains are UNFAIR since 50% of Americans have no unrealized gains.
What juvenile concepts of what happens with wealth...
Nobody sits on anything. You put your money to work through
investments. Those invested funds spur more economic activity
and cause the investments to grow in value.
Nobody is sitting on piles of cash, unless it’s Hunter Biden
on some sort of substance high.
Fair share??!! Then take Hunter Biden's millions away, all ill-gotten. And same goes for Joe and Jill Biden, lazy bums getting money above and below the table without any work to show for it. (She's no doctor, just a sometimes teacher.)
How about NO?
Lets factor into peoples taxes and incomes how much money they lose every year due to monetary inflation each year.
“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.”
This from an axxhat deadbeat that owes $500,000 in back taxes
“I come from the corporate state of America,” Biden said
The only “state” you come from a-hole is the “state of leeching off taxpayer dollars”.
Anyone ever notice the most leftist politicians in Washington always turn out to be these bums who never worked a real job in their life? Never went out in the real world, yet they lecture us day in day out
“Pure horrors. This could apply to everybody with unrealized capital gains and devastate the vast majority of investment accounts. Middle class, say goodbye to your hard earned retirement accounts, which are mostly made of appreciated assets.”
Your wrong about this. The distribution from my IRA is taxed as regular income, not capital gains.
They could take all the rich money, still would not pay the cost, then what do they do next year?
Unrealized capital gains are not “cash piles.” I gut feel is if the government tried to tax them, it would drive a massive sell-off that would crush the stock and bond markets.
So it’s going to be a taxation on imputed gains, then?
Tax the Rich is nothing more than a slogan, and an old, moldy one at that.
They’ll never actually do it, because the rich are their biggest supporters.
So if I have a million in the bank does he plan on taxing it every year until they get it all?
He comes from corporate America???? Now that’s comical from a guy who the bulk of his career has been in congress.
Most of the appreciation in these assets can be attributed to inflation.
Inflation caused by unrestrained spending by the Federal Government.
The 17th amendment states:
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
There is no income on the appreciation of a stock until it is sold.
So, they’re going to eliminate capital gains tax rates and go straight to ordinary income tax rates.
Pretty sure JOKE owes $500 000.00 in UNPAID TAXES.
TYPICAL DEMOCRAT...CHEATER!
Go get um tiger! Tax those billionaires to poverty. They didn’t build it and nobody needs more than 10 mil ever. It’s what they wanted right?