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Unrealized Gain Tax—A Coming Sea Change in FY2025 Budget Proposal(Wealth Tax)
Forbes ^
| 08/21/2024
| Andrew Leahey
Posted on 08/21/2024 3:12:59 AM PDT by Kid Shelleen
click here to read article
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Don’t worry folks. This will only affect billionaires. There is no way the government will ever try to tax your 401Ks or any other unrealized assets. It’s all about the joy of socialism and equity.
To: Kid Shelleen
“There is no way the government will ever try to tax your 401Ks or any other unrealized assets.”
Whew. Thanks for setting my mind at ease. Now I can get back to peaceful sleep with my insomnia cured.
2
posted on
08/21/2024 3:16:47 AM PDT
by
ProtectOurFreedom
(“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
To: Kid Shelleen
The sooner Trump gets in the better we’re all be.
To: existentially_kuffer
They will always be able to find someone worse off than you to justify taking everything you have.
....For the children of course.
4
posted on
08/21/2024 3:24:59 AM PDT
by
Justa
(Our constitution was made only for a moral and religious people....)
To: Kid Shelleen
Can someone please remind me what country this is that I’m in?
To: neverevergiveup
Kamala's policies so far: Price Controls
28% corporate tax
44.6% capital gains tax
25% tax on unrealized gains
More on this thread.
Kamala's policies so far
6
posted on
08/21/2024 3:34:23 AM PDT
by
Kid Shelleen
(Beat your plowshares into swords. Let the weak say I am strong)
To: neverevergiveup
Joy-that word’s been going around lately. Contrast with Trump?
To: Kid Shelleen
Good for lawyers and cpa, need double irs again to track and collect.
Meanwhile people with assets give up citizenship move to lower tax countries.
Resulting in not much revenue increase but far more regulation and government employees
To: Kid Shelleen
Great tax me on money that hasn’t been made and hence I don’t have it to pay
Did Kamala come up with this idea?
Lordy what a bunch of fools
9
posted on
08/21/2024 3:40:22 AM PDT
by
Nifster
( I see puppy dogs in the clouds )
To: Kid Shelleen
You would think this would be wildly unpopular and probably unconstitutional, especially the unrealized gains tax.
However, if you flood the country with millions of really poor people and make millions of your own citizens poor, people that own nothing and are happy with it, selling this idea makes a lot of sense to that group, basically a Robin Hood idea, steal from the rich to give to the poor, not realizing in the lead up to this tax being implemented you would have a depression to rival anything we’ve ever experienced.
10
posted on
08/21/2024 3:44:34 AM PDT
by
srmanuel
To: neverevergiveup
Is or was?>
You were in America at one point in your life.
11
posted on
08/21/2024 3:46:20 AM PDT
by
Jonty30
(Genghis Khan did not have the most descendants. His father had more. )
To: Kid Shelleen
It would be a never ending accounting nightmare to track asset growth or shrinkage on a tax year basis - assets are constantly rising and falling in value from one day to the next. On what day is the valuation to be made? Keeping track of this valuation date from one year to the next on assets that are not liquidated will only make your tax accountant rich and happy.
To: Kid Shelleen
What about ‘unrealized LOSSES’?....................
13
posted on
08/21/2024 3:48:27 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: neverevergiveup
14
posted on
08/21/2024 3:49:16 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Kid Shelleen
Silly me....... I worry about a breakout of post birth abortions
15
posted on
08/21/2024 3:50:12 AM PDT
by
bert
( (KE. NP. +12) Where is ZORRO when California so desperately needs him?)
To: neverevergiveup
16
posted on
08/21/2024 3:53:51 AM PDT
by
kiryandil
(FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
To: DIRTYSECRET
Kraft durch Freude! - Komarad Kamala
17
posted on
08/21/2024 4:00:31 AM PDT
by
normbal
(normbal. somewhere in socialist occupied America ‘tween MD and TN)
To: Jonty30
We’re still in America.
But were no longer a republic.
18
posted on
08/21/2024 4:02:33 AM PDT
by
mewzilla
(Never give up; never surrender!)
To: mewzilla
19
posted on
08/21/2024 4:02:52 AM PDT
by
mewzilla
(Never give up; never surrender!)
To: mewzilla
20
posted on
08/21/2024 4:08:42 AM PDT
by
Jonty30
(Genghis Khan did not have the most descendants. His father had more. )
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