[Kid Shelleen]

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

[Purpleperson]

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

[srmanuel]

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.

[ChessExpert]

“25% tax on unrealized gains”

If the tax rate on unrealized gains is greater than the tax rate on realized gains, then you might as well sell all your stocks and mutual funds. Middle class stock ownership will be a thing of the past. The stock market will fall, as it did in the great depression. What to do with your money after cashing out? Put it under a mattress? Buy gold?

If the Democrats pull back from a 25% tax and go down to 10% tax, the lowest tax rate, stocks will still be depressed, but there might be a more orderly exit from the stock market.

I wonder if the fat cat Democrats are noticing what’s going on. Perhaps they don’t care. With most Americans rendered as poor as Mexicans, day care costs for their children will be less.

So when she would start liquidating our financial assets?

[Dalberg-Acton]

“25% tax on unrealized gains”

Is this year to year until its all gone?

[combat_boots]

And…food

https://www.naturalnews.com/2024-08-21-americas-holodomor-analysis-of-kamala-food-price-control-industry-insider.html

[thinden]

Kamala’s policies so far:
Price Controls
28% corporate tax
44.6% capital gains tax
25% tax on unrealized gains

xxxxxxxxxxxxxxxxx

let’s see how this would work for a $100,000 investment portfolio:

$100,000 2024.01.01
+16.82% S&P ytd
$16,820.00 unrealized gain YTD
25% tax on unrealized gain
$4,205 tax due on unrealized gain

used this model to determine proposed tax on your portfolio

eg. $ 500,000 porfolio = $21,025 tax due
eg. $1,000,000 porfolio = $42,050 tax due

so, what you gonna sell to come up with the cash to pay one of the 87,000 new tax men?

numbers crunchers - is this about right?

[reg45]

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