Couchpotato
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It’s not gains. It’s appreciating assets.
Do you support taxing unrealized gains (Poll)
- Thread starter kyzr
- Start date
/——/ Which is it?
A. You’re naive enough to believe a campaign promise will survive Congress handiwork.
B. You know better but think we’re dumb enough to believe it.
Crepitus
Diamond Member
- Mar 28, 2018
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/——/ Realized vs unrealized gains. Can you libs explain the difference?
Crepitus
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Dude, this thread is 144 posts long. All of that has already been discussed. Feel free to read before you comment.
What have we done to get money out of our political system? Saying corporations are people is one problem
I see you're not a man of La Mancha. No problem.
/—-/ Then justify taxing unrealized gains, because apparently you don’t know the difference even after 145 posts.
/——/ “Saying corporations are people is one problem”
The USSC declared corporations artificial persons so they could be taxed, regulated, sued, and could enter into contracts. You don’t like that?
Without it all your precious labor, environmental, and corporate tax laws would cease to exist.
Only if you are worth $100 million dollars. I don't think that will hurt the middle class.
Lisa558
https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.
Couchpotato
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Do you even know what Communism is? The core feature of Communism is that the Government or people own the means of production. What does the military produce? And we will just ignore the fact that the entire structure of the US military is undergirded and completely supported by a capitalistic society without which it couldn't exist. But sure the military is "Communist" and works great so long as the Capitalists keep handing them huge piles of money on a yearly basis.
- Moderator
- #152
Didn't they sell the rubes on the income tax with similar claims. Won't effect anyone but the rich and would never go higher than 6%. If memory serves a ******* commiecrat sold that line of shit as well.
.
They earned ZERO in taxable income, to pay taxes on.
Using $50 k as the example you used....All those rich people also paid ZERO, on their first $50k as well.....we have a progressive tax code....everyone's first amount earned is not taxed, rich, or poor....no one pays taxes on it. 100% fair, and no one got anything special.
/——/ Based on your thoughts???
No thanks.
Couchpotato
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Not sure I'd call that "fair" but ok.
Wrong case. In Citizens United v. FEC SCOTUS decided corporations had the 1st amendment right to free speech.
Based on the $100 million, no one in the middle class will be affected, and not all considered rich will be affected either!!!
Our military 'produces' armed intervention/combat/peace keeping, and their 'means of production' is arms. Did you own a rifle or tank?
Our society is not purely capitalistic, it is a mixed of many types of economies, including communist and socialist (do you own the road in front of your house?). Every economy is a mix, no matter what it is called. Reality is many shades of grey, not just blacks and whites.
Couchpotato
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The military doesnt produce the tanks or the rifles you moron. They purchase them with the money the capitalists give them. Those arms are made by wait for it. Capitalists.....
It's not communist though, is it?
Couchpotato
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So it's ok to steal money so long as you're stealing it from the right people?
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