Unrealized Gain Tax—A Coming Sea Change in FY2025 Budget Proposal(Wealth Tax)

Forbes ^ | 08/21/2024 | Andrew Leahey

[Kid Shelleen]

In President Joe Biden’s proposal in the Fiscal Year 2025 Budget of the United States Government, and more specifically in the General Explanations of the Administration’s FY 2025 Revenue Proposals, the Biden administration has proposed a slate of bold shifts in tax policy that could redefine high income tax planning and investment strategies.

Among the most striking initiatives in the FY2025 Budget Proposal is a set of proposals taxing unrealized gains—a concept ---SNIP-- . A shift in tax policy towards tapping revenue streams in unrealized gains is almost certainly on the horizon-

[Danie_2023]

“Can someone please remind me what country this is that I’m in?”

It’s the one that’s still being fundamentally transformed by the Obama/Soros Marxists, with the help of the Biden/Clinton Maoists.

[Danie_2023]

““So when should we start liquidating our financial assets?””

Right before the Marxists force us into a digital currency, so you’ll have lots of cash $$$ to burn to keep warm in winter cause there won’t be any affordable energy. Too bad cash $$$ aren’t flavored, because there won’t be any food either.

[P.O.E.]

If I have to sell my milking cow in order to pay a tax, I no longer have the income from selling the milk and the government no longer gets the tax from my income.

But the real plan is for the government to take your cow as payment for the tax. Then they control the means of production.

[Harmless Teddy Bear]

Our homestead is worth about twice what we paid for it at current market rates. Because we are still living in it that is an "Unrealized Gain".

You wondered how they were going to get all those "greedy old boomers" to move out of their paid for homes so the "deserving new arrivals" could move in?

[reg45]

If your stock goes down, will you be able to claim an unrealized loss.