Simple. You want 100% of the US population to depend on Big Daddy Gobblement for every fucking thing. And the Great President Ronald Wilson Reagan said Government IS the problem. I do not want the government to be all things to everyone, just what the Constitution STRICTLY spells out.
Right but you aren’t explaining what you even mean by private institutions.
Billionaires Are Hoarding Trillions in Untaxed Wealth. They Want the Supreme Court to Keep It That Way
A new report from Americans for Tax Fairness found that America’s richest families accumulated $8.5 trillion in untaxed capital gains in 2022www.yahoo.com
TRILLIONS in untaxed wealth. Good luck explaining this to republicans I guess. You have to explain the difference between the official tax rate and the EFFECTIVE tax rate of top earners.
I vote this dumbest thread of all time, anywhere on the internet.Billionaires Are Hoarding Trillions in Untaxed Wealth. They Want the Supreme Court to Keep It That Way
A new report from Americans for Tax Fairness found that America’s richest families accumulated $8.5 trillion in untaxed capital gains in 2022
TRILLIONS in untaxed wealth. Good luck explaining this to republicans I guess. You have to explain the difference between the official tax rate and the EFFECTIVE tax rate of top earners.
hhaha like what is earned that's easily avoidable income? Please give us examples.
These morons are so blinded by class envy they think by taxing the evuuulllll rich 100%, that it'll bring in unicorns and rainbows.
It's pretty obvious....with a record number of Americans worse off since Xiden was elected, his party is not the one to support.
They don't care, they don't care to even think...
1.7 trillion-dollar deficit this year. Cut it all and who gets the blame? Whoever initiates it and the knives will be out for the kill. There is no way the rich can give up that much money. And the rich including the corporations would have to raise prices on any goods and services. Progs on this board say the economy is humming along splendidly. Everyone is doing great. Not true.
In America, an unrealized gain refers to an increase in the value of an asset that has not been sold or realized. This means that the gain exists on paper, but has not been converted into cash or other tangible benefits. Unrealized gains are common in investment and financial markets, where the value of stocks, bonds, and other assets can fluctuate over time. These gains are only realized when the asset is sold at a higher price than its original purchase price.Billionaires Are Hoarding Trillions in Untaxed Wealth. They Want the Supreme Court to Keep It That Way
A new report from Americans for Tax Fairness found that America’s richest families accumulated $8.5 trillion in untaxed capital gains in 2022
TRILLIONS in untaxed wealth. Good luck explaining this to republicans I guess. You have to explain the difference between the official tax rate and the EFFECTIVE tax rate of top earners.
I am just getting older. And when the difficult times arrive as they must, I can see the elderly and the sickly suffering as part of an austerity package from the federal level. People keep getting elected for promises. Freeze the budget for a couple of years and you make some inroads. Find the fat and cut it. And there is a lot of it in all of the peoples no matter their heritage, gender, culture or anything else.
When he joined USMB, someone suggested using his first name and IQ score as a moniker.
You're right, but talking a good line of bullshit is usually all Americans need. Time after time the working class have been pranked by both parties.
In America, an unrealized gain refers to an increase in the value of an asset that has not been sold or realized. This means that the gain exists on paper, but has not been converted into cash or other tangible benefits. Unrealized gains are common in investment and financial markets, where the value of stocks, bonds, and other assets can fluctuate over time. These gains are only realized when the asset is sold at a higher price than its original purchase price.
Here are pros and cons of taxing unrealized gains...
Pros:
1. Increased tax revenue: Taxing unrealized gains would provide the government with a new source of tax revenue, which could be used to fund public services and programs.
2. Reduced wealth inequality: Taxing unrealized gains would help to reduce wealth inequality by ensuring that those with significant unrealized gains on their investments contribute more to the tax system.
3. Fairness: Taxing unrealized gains would ensure that all forms of income are subject to taxation, rather than just realized gains.
Cons:
1. Complexity: Taxing unrealized gains would add significant complexity to the tax system, as it would require the valuation of assets and the tracking of changes in their value over time.
2. Liquidity issues: Taxing unrealized gains could create liquidity issues for individuals who have significant unrealized gains on illiquid assets, such as real estate or closely held businesses.
3. Potential for double taxation: Taxing unrealized gains could result in double taxation, as individuals would be taxed on the increase in the value of their investments even if they have not sold them and realized the gains.
==>Undoubtedly, the wealthy have been ruling America and the rest of the world. So it's likely this kinda tax will remain practically impossible! lol.
