Posts
69
Joined
3/17/2022
Location
Moreno Valley, CA, USA
Edited Date/Time
9/19/2024 10:50am
It’s my understanding that she wants to tax Unrealized Capital Gains. This includes retirement accounts and 401k, starting at 28%.
If this is true, that alone should scare the shit out of you. What would be the point of investing and saving for retirement.
So illegal immigrants and good old American free loaders can receive more help. Maybe a bunch of peoples student loans can be forgiven. Duh. 🤷♀️.
"But only for those who's net worth is over $100,000,000.00" Sounds like a great plan, chase all of the super rich right out of the country, genius idea...
"Wow that's awesome you became so successful" "Now hand over 28% even if you haven't sold anything or made any profit" "Pay us in advance for the money you might make"...... "Yeah...no, bye bye, suck it United States we're fucking outta here fuck you" And who would blame them. It's just wrong.
But watch, the average Kablabla lovers mindset will be "Yeah fuck the rich people", "no one needs that much money" , "where's my share" ? 🤑
" What would be the point of saving for retirement "? Um, maybe to have a good retirement? That seems like an obvious answer.
"Only for those net worth over $100m" - you know they don't pay any tax right? Just take a collateral loan against the value of the investment and take tax free cash. Then brainwash the masses into thinking they'll flee the country.
Except almost every country coordinates their tax regimes. It's almost like how the capital markets work, where they all come to a balance based on market forces.
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Her plan will never see the light of day.
Seems now she's been running around regurgitating the same crap she memorized from her debate prep, as interview answers...
And her neighbor's liked their lawns.
🤣😂🤣
Just the possibility that she would make an attempt to implement this idea if she were to somehow get in the Oval Office should be reason enough for anyone with half a brain to not vote for her. Even a mad scientist should be able to see what a disaster that policy would be.
Wait just a minute…
Kamala grew up in a middle class family, and her neighbors had lawns… that they took care of?
Game changer!
I never knew that. I’m voting for her now. As many times as I can get away with!!!
And that 100m limit won’t last. It’ll be everyone before she’s done.
So can we write off unrealized losses? Asking for a friend.
I’m so sick of EVERYONE in this country paying more and more taxes…the government needs to just spend less money. We have a spending problem, not a revenue problem.
Harris is trying to buy votes…poor people vote for for all the “free stuff” because “the rich will pay for it”…then the rich-who control her-create loop holes in the law and tax code and never end up paying for it, so the deficit just keeps going up and up and up and up….and frikkin’ up!
I’m just sick of it…this country is bankrupt…can find the money to fund foreign wars, but need to raise taxes to fund domestic programs…drug addicts get that free anti-overdose drug (whatever it’s called), but diabetics have to pay for insulin? Always talk about cutting Medicare or social security but never any talk of cutting spending on prisons (our seniors can suffer but our prisoners can’t?). Veteran’s get nothing close to what some of them need…but immigrants (legal and not) can come here and have basically all of their basic necessities met.
There is just so much wrong with how the federal government is doing things…and Harris wants to double down on these failed policies and that’s scary…I don’t know anyone who thinks the federal government is efficient or effective and yet, apparently, roughly half the country are going to vote for a lady who is promising more of the same? WTH?
The federal government needs to be reduced by about 25% across the board…every department, no exceptions…I’ve had enough government…I pay more than enough taxes…so does everyone else…time for the government to get by with what it has and live within its means…
Except those $100m+ net worth folks actually DO pay taxes…because they pay employees they have to pay tax on how much they pay their employees (it’s like 7.5% or something like that)…among other taxes they will pay depending on their industry….and that is money right out of their pocket, just like the taxes you and I pay come right out of our pocket…I assume you’ve never owned a business and actually had to make a payroll before? Otherwise you’d know this…
Sorry, I posted this not knowing it was for those over 100 million. But I believe Gworm is correct, eventually it will be everyone. And to MX, I did save and invest for 42 years for a good retirement. Which now at almost 63 I’ve been enjoying for 1 1/2 years.
Life is about to get really really expensive but those politicians will be fine so great idea.
I agree with about everything you say but let’s really clean things up and cut the gubment more like 50-75%.
Roads and bridges, military and police, and borders is about all we need from them.
Listen closely to everything she says.
None of it will happen without money taken from taxpayers.
Typical big government liberal.
My GF is left of center.
She's already figured out how hard she'll get hit financially camela's bullshit.
Our 3 rental properties, our home, and weekend cabin are all fair game for her unrealized gains tax.
Between that, and her subtle antisemitism, and the border fiasco, she's not going to be voting for her.
(And trust me, she hates Trump as much as anyone)
But it's all about the economy.
None of those things will likely have anything to do with the notion of this unrealized capital gains tax. Unless you or your girlfriend have a net worth of over $100M, that is…..!
For the record, I think the idea of an unrealized capital gains tax is not good at all. But it should be understood.
One thing that makes me scratch my head about the MAGA congregation is that they nearly always talk about returning America to a bygone era, and the era that most say we should go back to had an upper marginal federal income tax rate of 90%………
Pit Row
Do you believe anyone ever at any time paid 90% tax rate?
She offers a New Generation of Leadership 🤣
Overall 90%? Obviously not, it’s a marginal tax rate.
She (and her handlers) are catering to the "have-nots"..... take it from the "rich" and government will care for you. My wife and I have worked hard, scraped to buy a house 25 years ago, did everything we were supposed to...work hard, save for retirement. Just so these assholes can find a way to take it away in the name of "equity".
Fuck off to this madness.
another issue with this, is that it’s not even an income tax, it’s a net worth tax…and those aren’t the same thing. Would it tax on the net worth annually? Monthly? Once? Every time it changes?
Will it only tax liquid assets? Or non-liquid (real estate) assets as well?
So say it’s annual…and you pay taxes on your net worth this year…and then pay tax on it again the next year and the year after that…and if the tax rate is 28%, unless that net worth is earning at least 28% ROI, the individual is losing money every year…
This is an awful plan…just awful…I don’t care how rich someone has to be to be affected by it.
Is this even a constitutional tax?
Folks from CA know the fuck how to tax. Back in the 90s we implemented an unsecured property (luxury) tax on boats cars over a certain value. I remember we bought 2 seadoos 2 weeks apart. We had to pay that "luxury" tax one one seadoo but for some reason not the other. My Dad got hit with it on his BMW 850i. Wait till they go national!! You're all in trouble.
Deplorable
No, we don't want to return to a "bygone" era. We want to return to the things that were working well. There's a big difference. Also, with the rate of Bidenflation, my 1976 Vega should be worth enough to get get net worth taxable.
Deplorable
Trust me, she's a helluva lot more hip on finance than you.
I guaranphuquingtee that.
This bullshit from camela will not remain up at her 1% adversaries.
It will filter down to everyone of means, and on down from there.
But, like I said earlier.
Not a chance in hell of this getting traction.
She'll not be able to, executive order it into law.
Again, I’m not in favor of this tax at all, but it isn’t quite as you described. If somehow you ‘qualified’ for this tax, you’d pay on increase in value vs the prior year. If your value rose from $100M to $110M you’d pay taxes on $10M but for the next year your cost basis would be $110M. So if the next year the value is $112M, you’d pay on $2M.
Vote Early and Vote Often! ~ DNC
Is it a Constitutional tax?
Do you think these phuckers even care about the constitution at this point?
The Dems view the Constitution as a somewhat pesky inconvenience to their agenda at this point (and the Electoral College). They are the exact people the Constitution was created to protect us from.
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