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

[Winco]

what bank gives someone a loan based on unrealized value in a stock? Give us an example of this.


The issue Kameltoe is talking about is taxing unrealized cap gains, taxes, not loans....but I am curious about these banks giving loans on unrealized stocks....please provide us an example

So you agree that giving loans on unrealized stocks is WRONG

 

[struth]

So you agree that giving loans on unrealized stocks is WRONG

I don't know any bank or lender that would do such a think....it's dumb

So you agree taxing unrealized gains is wrong?

 

[leftwinger]

Only taxed on an individual asset worth more than $100M? Or the total value of all your ASSETS which include what? A $25milliion dollar yacht bought ten years ago (using after tax money)? A $10million dollar wedding ring for the current wife? A Rogers Hornsby Baseball Card worth how much? Three homes valued at over $10million per?

 

[leftwinger]

So you agree that giving loans on unrealized stocks is WRONG

Up to the banks. Not up to me. Do they think the Stock will hold value or even increase over the life of the loan? I don't want to know. It is not my money to be concerned about. If a bank is screwing up they will not be in business for very long.

 

[Toddsterpatriot]

The point is getting LOANS based on the value of an asset

If you own property and get a LOAN using that property as collateral, you are paying taxes on that property, based on it’s current value

The point is that these people worth 100million+ always cheat the system, because they are allowed to.

If this person wants a loan, they should get that loan based on their property instead of the unrealized value of a stock

It’s just another way of cheating the tax system

Why are you ok with tax cheats?
Is it because the system allows them to cheat?

If this person wants a loan, they should get that loan based on their property instead of the unrealized value of a stock

They're getting it on the value of the stock, not the "unrealized value" DURR

 

[Winco]

If this person wants a loan, they should get that loan based on their property instead of the unrealized value of a stock

They're getting it on the value of the stock, not the "unrealized value" DURR

It all about ways to avoid paying taxes for the Ultra Rich. The is not one poster on this message board that is worth over 100 million.
If you’re ok with that, that’s your believe
You have that right.

I’m just tired of tax cheats
Especially the ultra rich that the right wing wants to protect at in all cases.

 

[struth]

Only taxed on an individual asset worth more than $100M? Or the total value of all your ASSETS which include what? A $25milliion dollar yacht bought ten years ago (using after tax money)? A $10million dollar wedding ring for the current wife? A Rogers Hornsby Baseball Card worth how much? Three homes valued at over $10million per?

Kameltoe is gonna be taxing you on that baseball card, you’ll likely need to take a loan from the bank just to pay your taxes.

 

[Winco]

I don't know any bank or lender that would do such a think....it's dumb

So you agree taxing unrealized gains is wrong?

Well here is some factual information for you.

 

[Winco]

Kameltoe is gonna be taxing you on that baseball card, you’ll likely need to take a loan from the bank just to pay your taxes.

Lol
You’re reaching for the biggest LIE
THATS what right wingers do
LIeLIElieLIE……lie

 

[struth]

Well here is some factual information for you.

I didn’t say they couldn’t. I think it’s dumb move. With that said, as your link shows, an actual asset is required as well.

With that said, can we talk about kameltoe’s plan to tax people for something they haven’t got? Unrealized cap gains?

 

[struth]

Lol
You’re reaching for the biggest LIE
THATS what right wingers do
LIeLIElieLIE……lie

What am I lying about?

 

[Winco]

What am I lying about?

That’s she’s gonna tax my baseball card

That’s ^^^^ a lie

 

[Winco]

what bank gives someone a loan based on unrealized value in a stock? Give us an example of this.


The issue Kameltoe is talking about is taxing unrealized cap gains, taxes, not loans....but I am curious about these banks giving loans on unrealized stocks....please provide us an example

 

[struth]

That’s she’s gonna tax my baseball card

That’s ^^^^ a lie

The unrealized cap gains she wants to.

 

[struth]

View attachment 1003860

What’s your point?

Borrowing against your house is a smart move, you were talking stocks. I think it’s dumb, but I certainly understand better requiring another asset down for a line of credit

What does this have to do with kameltoe’s plan to tax money that doesn’t exist?

 

[struth]

View attachment 1003860

Why do you think taking a home equity line of credit is wrong?

 

[Toddsterpatriot]

It all about ways to avoid paying taxes for the Ultra Rich. The is not one poster on this message board that is worth over 100 million.
If you’re ok with that, that’s your believe
You have that right.

I’m just tired of tax cheats
Especially the ultra rich that the right wing wants to protect at in all cases.

Borrowing money isn't cheating.
Not even a little bit.

 

[struth]

Borrowing money isn't cheating.
Not even a little bit.

Yeah Winco has some weird defense of Kameltoes plan to tax people for money they haven’t earned…apparenly Winco thinks home equity loans are wrong,

 

[Winco]

The unrealized cap gains she wants to.

To the 0.01 %, certainly not applying to ANY poster on USMB.

Harris tax proposal only for those with net worth above $100 million | Fact check

A proposal to tax assets that increase in value, even if they are not being sold, would only apply to people with a net worth above $100 million.

www.usatoday.com

Yeah Winco has some weird defense of Kameltoes plan to tax people for money they haven’t earned…apparenly Winco thinks home equity loans are wrong,

I'm sorry you have a difficult time with comprehension.

I can state ONE Obvious thing, and you will twist it into something totally different.
I never mentioned home equity loans, now did I.


The tax proposal is targeted at wealthier individuals who can leave assets in portfolios and borrow against them, avoiding taxes while putting money in the bank. The maneuver is part of a strategy dubbed “Buy. Borrow, die,” referring to ways to avoid paying taxes on those assets over generations.

 

[struth]

To the 0.01 %, certainly not applying to ANY poster on USMB.

Harris tax proposal only for those with net worth above $100 million | Fact check

A proposal to tax assets that increase in value, even if they are not being sold, would only apply to people with a net worth above $100 million.

www.usatoday.com

I'm sorry you have a difficult time with comprehension.

I can state ONE Obvious thing, and you will twist it into something totally different.
I never mentioned home equity loans, now did I.


The tax proposal is targeted at wealthier individuals who can leave assets in portfolios and borrow against them, avoiding taxes while putting money in the bank. The maneuver is part of a strategy dubbed “Buy. Borrow, die,” referring to ways to avoid paying taxes on those assets over generations.

1) why does it matter if it’s .1 percent?

2) your link talked about home equity loans. With that said I fail to see what any of this has to do with harris plan to tax money that doesn’t exist…please explain?