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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.
1 posted on 09/24/2021 5:47:44 PM PDT by libstripper
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To: libstripper

Biden comes from “WHERE”???


26 posted on 09/24/2021 6:05:44 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: libstripper

I love this . They all vote Democrat ..from Wall Street to Hollywood to Big Tech. I hope they are made to pay 5% of their wealth in taxes every year on top of all the other taxes they pay.


28 posted on 09/24/2021 6:06:14 PM PDT by libh8er
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To: libstripper

If you mark to market, you have to allow paper losses to be deducted as well as taxing paper profits.

That’s still a bad deal for investors on average, but no one has remarked on the other side of the mark to market issue.


31 posted on 09/24/2021 6:07:41 PM PDT by Pearls Before Swine (FJB)
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To: libstripper

The wealthy(?) don’t sit on mattresses filled with cash, they’re all in investments.


33 posted on 09/24/2021 6:08:00 PM PDT by SkyDancer (How Can I Ask For Forgiveness If I Won't Forgive Others?)
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To: libstripper

“I come from the corporate state of America,” Biden said.”

CORPORATE state of America? That’s a new one. The man has never done an honest day’s work in his life and certainly never had to meet a “Corporate” payroll....


34 posted on 09/24/2021 6:08:36 PM PDT by Thank You Rush
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To: libstripper

Just put an expiration date on all money.

If you don’t spend it by a date certain it expires and reverts to the government.

Don’t laugh.

It’s coming.


35 posted on 09/24/2021 6:09:57 PM PDT by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
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To: libstripper

But the planet will dieeeeeeeee if we don’t sacrifice our future wealth!!!!!!


36 posted on 09/24/2021 6:10:39 PM PDT by lastchance (Credo.)
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To: libstripper

“I come from the corporate state of America,”

As well as a state where credit card and other financial companies fled to in order to flee from paying taxes: Why Delaware Is Considered a Tax Shelter

https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp


37 posted on 09/24/2021 6:12:32 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: libstripper

And if your investment has an unrealized loss, does the government reimburse you?


38 posted on 09/24/2021 6:12:35 PM PDT by MRadtke (Light a candle or curse the darkness?)
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To: libstripper

Why not just seize half the assets over a billion dollars of billionaires? That seems to be in line with what they want—let’s see how Soros, Gates, etc. like that.


40 posted on 09/24/2021 6:14:57 PM PDT by Reno89519 (Respect America, Embrace America, Buy American, Hire American.)
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To: libstripper

Yes sir!

Let’s get that camel nose in the tent!

.


41 posted on 09/24/2021 6:15:35 PM PDT by TLI (ITINERIS IMPENDEO VALHALLA)
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To: libstripper
"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."

Says the man who allegedly did not pay his fair share.

42 posted on 09/24/2021 6:16:10 PM PDT by Robert DeLong
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To: libstripper

Wyden is one of the worst. This would screw anybody who might have some stock profits. Screw Wyden and Biden, unAmerican bastards.


43 posted on 09/24/2021 6:17:45 PM PDT by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: libstripper

Democrat dictionary: “Fair Share” - that means “all the money you have”.


44 posted on 09/24/2021 6:20:08 PM PDT by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: libstripper

Maybe they can tax vaccine profits.


45 posted on 09/24/2021 6:22:47 PM PDT by fruser1
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To: libstripper

“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.


47 posted on 09/24/2021 6:31:36 PM PDT by Adder ("Can you be more stupid?" is a question, not a challenge.)
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To: libstripper

Dracula has nothing on these bloodsuckers.


48 posted on 09/24/2021 6:32:33 PM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: libstripper

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.”

https://thelibertyloft.com/2021/09/23/biden-guilty-of-tax-evasion-a-new-report-indicates-he-owes-hundreds-of-thousands-to-irs/


49 posted on 09/24/2021 6:34:37 PM PDT by ApplegateRanch (Love me, love my guns!)
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To: libstripper

Tax it until there’s nothing left ?


50 posted on 09/24/2021 6:40:15 PM PDT by butlerweave
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To: libstripper

Another reason why we should just have a national sales tax, and nothing else. Exempt grocery type food.


52 posted on 09/24/2021 6:56:34 PM PDT by Basket_of_Deplorables (Convention Of States is our only hope now! Desantis 2024!!!)
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