You ready to pay Kama-Kama-Chameleon's 25% tax on the ultra-wealthy's unrealized capital gains?

[healthmyths]

Kamala Harris Unrealized Gains Tax Should Worry Voters​

The potential for Kamala Harris to push a 25% unrealized gains tax is worrisome, as it could drive wealth out of the U.S.

https://pro.thestreet.com/market-commentary/kamala-harris-unrealized-gains-tax-should-worry-voters

Here is how it will affect the average American.
The average ultra-wealthy bought 10,000 shares of Apple stock in 1980 for $22.00 a share or $220,000 cost buy 10,000 shares.
Today these shares would be worth $21,000,000.
Under Kama-kama-chameleon plan this "ultra-wealthy" will have to pay 25% on the $20,780,000 gain or $5,195,000 taxes.

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise.
The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value.

The Wealth Effect: Definition and Examples

The wealth effect is a behavioral economic theory suggesting that consumers spend more when their wealth increases, even if their income does not.

www.investopedia.com

 

[jotathought]

What a great way to incentivize investing, and the feedback from economists on both sides of the isle.

Yes .. please do it.

 

[excalibur]

Forced selling of shares will negatively impact the markets, and harm pension funds and mutual funds, as prices of shares will fall.

 

[debbiedowner]

Kamala Harris Unrealized Gains Tax Should Worry Voters​

The potential for Kamala Harris to push a 25% unrealized gains tax is worrisome, as it could drive wealth out of the U.S.

https://pro.thestreet.com/market-commentary/kamala-harris-unrealized-gains-tax-should-worry-voters

Here is how it will affect the average American.
The average ultra-wealthy bought 10,000 shares of Apple stock in 1980 for $22.00 a share or $220,000 cost buy 10,000 shares.
Today these shares would be worth $21,000,000.
Under Kama-kama-chameleon plan this "ultra-wealthy" will have to pay 25% on the $20,780,000 gain or $5,195,000 taxes.

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise.
The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value.

The Wealth Effect: Definition and Examples

The wealth effect is a behavioral economic theory suggesting that consumers spend more when their wealth increases, even if their income does not.

www.investopedia.com

You ready to combine this thread that was posted earlier today on this subject?

 

[shockedcanadian]

Kamala Harris Unrealized Gains Tax Should Worry Voters​

The potential for Kamala Harris to push a 25% unrealized gains tax is worrisome, as it could drive wealth out of the U.S.

https://pro.thestreet.com/market-commentary/kamala-harris-unrealized-gains-tax-should-worry-voters

Here is how it will affect the average American.
The average ultra-wealthy bought 10,000 shares of Apple stock in 1980 for $22.00 a share or $220,000 cost buy 10,000 shares.
Today these shares would be worth $21,000,000.
Under Kama-kama-chameleon plan this "ultra-wealthy" will have to pay 25% on the $20,780,000 gain or $5,195,000 taxes.

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise.
The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value.

The Wealth Effect: Definition and Examples

The wealth effect is a behavioral economic theory suggesting that consumers spend more when their wealth increases, even if their income does not.

www.investopedia.com

I guarantee you that this will just lead to the ultra wealthy circumventing the law. Buying on foreign exchanges, living more overseas etc.

Otherwise these investors will just stop investing at all which will drastically hurt U.S companies. Or worse, invest in foreign nations and foreign companies there.

 

[Crepitus]

Kamala Harris Unrealized Gains Tax Should Worry Voters​

The potential for Kamala Harris to push a 25% unrealized gains tax is worrisome, as it could drive wealth out of the U.S.

https://pro.thestreet.com/market-commentary/kamala-harris-unrealized-gains-tax-should-worry-voters

Here is how it will affect the average American.
The average ultra-wealthy bought 10,000 shares of Apple stock in 1980 for $22.00 a share or $220,000 cost buy 10,000 shares.
Today these shares would be worth $21,000,000.
Under Kama-kama-chameleon plan this "ultra-wealthy" will have to pay 25% on the $20,780,000 gain or $5,195,000 taxes.

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise.
The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value.

The Wealth Effect: Definition and Examples

The wealth effect is a behavioral economic theory suggesting that consumers spend more when their wealth increases, even if their income does not.

www.investopedia.com

Do you have unrealized capital gains?

 

[Freedomisneverfree]

KumWhore, you are Fired!

 

[pknopp]

Ain't no one here going to be paying this tax.

 

[Toddsterpatriot]

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Only once.

 

[Moonglow]

I don't buy Apple products.

 

[Winco]

The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

Yup, and that's ^^^^^ great.

You are the kind of person that won't play the Lottery because "If I win $100 Million, I will have to pay TAX on my winnings." "And that is totally unfair"

 

[Skylar]

Kamala Harris Unrealized Gains Tax Should Worry Voters​

The potential for Kamala Harris to push a 25% unrealized gains tax is worrisome, as it could drive wealth out of the U.S.

https://pro.thestreet.com/market-commentary/kamala-harris-unrealized-gains-tax-should-worry-voters

Here is how it will affect the average American.
The average ultra-wealthy bought 10,000 shares of Apple stock in 1980 for $22.00 a share or $220,000 cost buy 10,000 shares.
Today these shares would be worth $21,000,000.
Under Kama-kama-chameleon plan this "ultra-wealthy" will have to pay 25% on the $20,780,000 gain or $5,195,000 taxes.

BUT the 25% taxes will come OUT of either selling the stock or out of the "ultra-wealthy" other income.
The "ultra-wealthy" Apple stock holder will be paying that $5.1 million every year!

Now for those of you truly ignorant people who think that is so great...

YOU have NO idea what that will do to the economy as these "ultra-wealthy" will be cutting back on their building businesses, hiring people, buying goods and services. This will be disastrous for the rest of us Americans.

The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise.
The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value.

The Wealth Effect: Definition and Examples

The wealth effect is a behavioral economic theory suggesting that consumers spend more when their wealth increases, even if their income does not.

www.investopedia.com

The mistake you're making is in counting the total unrealized capital gains since 1980 as the annually taxable amount. That's incorrect. The proposed tax on unrealized capital gains would apply to the increases in value that year. Which you'd pay only once. Not the total change in valuation since the purchase in previous years, paid every year.

So a stock was purchased at $10.00 a share and during the year increased to $12.00 a share, the portion that would be subject to unrealized capital gains taxes would be $2.00 per share. At 25%, that would be fifty cents per share. You pay that once.

However, the next year if there is no increase and the shares remain at $12.00, there would be no unrealized gains and thus no taxes on those shares. You do not have to pay the fifty cents per share unrealized capital gains taxes AGAIN from the previous year. You pay them only once, on the increase in value for a given year.

However, if the 3rd year the price went up to $15.00 a share, the unrealized capital gains tax would be on the difference in value for that year: $12.00 increasing to $15.00, for a total of $3 per share being subject to unrealized capital gains taxes. And only once.

NOT the original purchase price of $10.00 increasing to $15.00, for a total of $5 per share being subject to taxation and every year, as your example above portrayed.

 

[Skylar]

Only once.

Yup. Only once. You pay on the change in valuation in that year and never again. Not the total amount of change in valuation over the last 40 years, paid every year.

That's nonsense.

 

[Toddsterpatriot]

Yup. Only once. You pay on the change in valuation in that year and never again. Not the total amount of change in valuation over the last 40 years, paid every year.

That's nonsense.

And no doubt 25% the next year on any additional increase in value.
I'm sure the rich people will just sit there and take it.

Like they did in France and New York, New Jersey, Illinois, Connecticut and Washington.

 

[Skylar]

And no doubt 25% the next year on any additional increase in value.

But only for the increases of value for that year. Not the total increases of value for all years.

That's where the OP fucked up. He concluded that all unrealized capital gains over any span of time were subject to a 25% tax EVERY year.

And that's clearly not what is being proposed.

 

[Toddsterpatriot]

But only for the increases of value for that year. Not the total increases of value for all years.

That's where the OP fucked up. He concluded that all unrealized capital gains over any span of time were subject to a 25% tax EVERY year.

And that's clearly not what is being proposed.

Yeah, he's an idiot.
So is Harris for pushing this plan.

 

[Skylar]

Yeah, he's an idiot.
So is Harris for pushing this plan.

I'm still chewing on it. I'd need to know more. Like...how are losses counted?

If you bought shares at $10 a share, but then they went down to $8.00 a share, there are obviously no gains, realized or otherwise. So if the value the next year returns to $10 a share, do you have to pay fifty cents on 'unrealized gains', despite the fact that you haven't actually made money?

If no, then the original purchase price impacts your tax liability way past that first year. Which has its own implications.

What about options? Does having the option to purchase shares at a certain price represent unrealized gains, even if you've never exercised them? I'd say, maybe......as depending on the circumstance, you can take out loans on un-exercised options.

And what if you purchase options. Are those subject to unrealized capital gains taxes if you never exercise them, even if they're in the money?

 

[Edgetho]

The High Cost of Wealth Taxes

Many developed countries have repealed their wealth taxes in recent years for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on capital and...

taxfoundation.org

 

[Edgetho]

I'm still chewing on it. I'd need to know more. Like...how are losses counted?

If you bought shares at $10 a share, but then they went down to $8.00 a share, there are obviously no gains, realized or otherwise. So if the value the next year returns to $10 a share, do you have to pay fifty cents on 'unrealized gains', despite the fact that you haven't actually made money?

If no, then the original purchase price impacts your tax liability way past that first year. Which has its own implications.

What about options? Does having the option to purchase shares at a certain price represent unrealized gains, even if you've never exercised them? I'd say, maybe......as depending on the circumstance, you can take out loans on un-exercised options.

And what if you purchase options. Are those subject to unrealized capital gains taxes if you never exercise them, even if they're in the money?

There's nothing to 'chew on'. If it comes from the diseased minds of dimocrap scum -- It's stupid.

simple

 

[Toddsterpatriot]

I'm still chewing on it. I'd need to know more. Like...how are losses counted?

If you bought shares at $10 a share, but then they went down to $8.00 a share, there are obviously no gains, realized or otherwise. So if the value the next year returns to $10 a share, do you have to pay fifty cents on 'unrealized gains', despite the fact that you haven't actually made money?

If no, then the original purchase price impacts your tax liability way past that first year. Which has its own implications.

What about options? Does having the option to purchase shares at a certain price represent unrealized gains, even if you've never exercised them? I'd say, maybe......as depending on the circumstance, you can take out loans on un-exercised options.

And what if you purchase options. Are those subject to unrealized capital gains taxes if you never exercise them, even if they're in the money?

I'm still chewing on it. I'd need to know more. Like...how are losses counted?

If Musk's shares drop $40 billion in year 2, he gets a $10 billion refund.