Do you support taxing unrealized gains (Poll)

[Dragonlady]

Add to that the 6% increase the Marxist dems want on corporate taxes.

So that would be a big no.

All that means is price increases for the middle class, thus a tax by another name so the Marxists can give it to the most undeserving. Fuck them.

Did the 17% tax cut that Republicans gave to the corporations in 2017, result in any decrease in prices for the American consumer????? Did it result in any raises for the American workers???

So how is clawing back 7% of that tax cut supposed to increase prices for the American consumer???? Please explain.

Also, the Democrats have not proposed anything that could ever be construed as "Marxist", so please stop the gaslighting because nobody in the USA is buying right wing bullshit any longer.

The American people are not going back. And they're telling your that very, very, loudly.

 

[kyzr]

More importantly taxes pay for what the gov't does, the military, social security, etc. The challenge is raise the required revenue as fairly as possible while inflicting the least amount of pain on the people and the economy.

1. Cut the Federal Budget to 2019 levels plus as needed to cover the interest on the Debt, say $5.xT
2. That should come close to a Balanced Budget, then fix entitlements, SS & Medicare (1st two below)

• Fix Social Security net zero (raise / remove the cap, EVERYONE pays in, no exceptions)
• Fix Medicare net zero (take Medicare deduction from ALL personal income, not just earned)

3. Add new taxes, NETS about $650b in new revenue:

• reduce/remove tax deductions (aka "loop-holes") Nets ~$400b
• new 0.2% transaction tax on value of financial transaction Nets ~$150b
• new remittance tax on money sent out of US Nets ~$ 6b (pays for wall)
• remove Capital Gains Tax loop-hole (tax as reg. income) Nets ~$100b

4. In case of emergency "break glass" option

• Send Welfare to the states +$1.3T (put lazy bums to work)
• Send Education to the states +$300b
• Send Medicaid to the states +$500b

5. Business Tax increases are also an option.

 

[Cellblock2429]

More importantly taxes pay for what the gov't does, the military, social security, etc. The challenge is raise the required revenue as fairly as possible while inflicting the least amount of pain on the people and the economy.

/——/ That’s sounds all noble and logical except no matter how much we are taxed, it’s never enough. 37T in debt is proof of that.

 

[1srelluc]

Did the 17% tax cut that Republicans gave to the corporations in 2017, result in any decrease in prices for the American consumer????? Did it result in any raises for the American workers???

So how is clawing back 7% of that tax cut supposed to increase prices for the American consumer???? Please explain.

Also, the Democrats have not proposed anything that could ever be construed as "Marxist", so please stop the gaslighting because nobody in the USA is buying right wing bullshit any longer.

The American people are not going back. And they're telling your that very, very, loudly.

Hoser says what?

 

[alang1216]

1. Cut the Federal Budget to 2019 levels plus as needed to cover the interest on the Debt, say $5.xT

I've always felt this is a terrible way to budget, it puts the cart before the horse. We should figure out what we want our government to spend money on and then determine how to pay for it.

 

[alang1216]

Sorry bud. 23 years in the Marine Corps. It wasn’t communism.

Was it centrally planned and strictly hierarchical?
Where you told where to go, what to wear, what to eat.
Were you given all the training, tools, and transportation you needed to do the job you were assigned?
Where you told what your pay, hours, and leave would be?
Could you leave any time you wished without penalty?

 

[alang1216]

/——/ That’s sounds all noble and logical except no matter how much we are taxed, it’s never enough. 37T in debt is proof of that.

Some of that is our fault. When we vote for a representative that bring home the bacon, we get what we deserve.

 

[kyzr]

I've always felt this is a terrible way to budget, it puts the cart before the horse. We should figure out what we want our government to spend money on and then determine how to pay for it.

They NEVER cut spending. With a $35T DEBT we need to shoot the fucking horse and cut spending drastically to get a surplus.

 

[OKTexas]

"unrealized" is one of those terms that doesn't mean what you think it does.

Just because you haven't turned it into cash doesn't mean you didn't make money.

So you want the feds to tax any appreciation on your home? Do they tax it annually? How about gains in your 401K or IRA? What happens if the market crashes, and everything goes down in value, will they give you a refund? What they are talking about is an ownership tax. They'll tax you till you own nothing and you'll like it. Welcome to kamunism.

.

 

[Crepitus]

So you want the feds to tax any appreciation on your home?

It applies only to people making $100,000,000 or more.

Nobody is gonna tax your mobile home.

 

[Couchpotato]

It applies only to people making $100,000,000 or more.

Nobody is gonna tax your mobile home.

How many people are making 100 million a year?

 

[Crepitus]

How many people are making 100 million a year?

CEOs and such.

Not many.

Certainly not me.

Why?

 

[Thinker101]

It applies only to people making $100,000,000 or more.

Nobody is gonna tax your mobile home.

Yep, sounds like something Biden told you....$100,000,000 or $100,000,000,000

 

[Crepitus]

Yep, sounds like something Biden told you....$100,000,000 or $100,000,000,000

read it yourself.

 

[alang1216]

They NEVER cut spending. With a $35T DEBT we need to shoot the fucking horse and cut spending drastically to get a surplus.

Who is 'they'? The people we elect to office? Take responsibility and fix it. Or just tilt at windmills until you feel better.

 

[Couchpotato]

CEOs and such.

Not many.

Certainly not me.

Why?

Because I think you’re pulling that figure out of your ass.

 

[kyzr]

Who is 'they'? The people we elect to office? Take responsibility and fix it. Or just tilt at windmills until you feel better.

The people "we" elect to office are owned by the billionaires who got them elected.

Tilt at windmills? WTF does that mean?

 

[Crepitus]

Because I think you’re pulling that figure out of your ass.

One issue in this plan has captured specific attention: a new tax on unrealized capital gains. Biden, and now Harris, have proposed levying an annual tax on the static wealth of households worth more than $100 million. Specifically, households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains.

 

[Couchpotato]

One issue in this plan has captured specific attention: a new tax on unrealized capital gains. Biden, and now Harris, have proposed levying an annual tax on the static wealth of households worth more than $100 million. Specifically, households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains.

That’s not people making 100 million a year dumb ass. That’s static wealth. I other words they want to tax the same money over and over.

 

[Crepitus]

they want to tax the same money over and over.

Only on year over year gains.