Taxcing Money i Don't Have Yet . . .WTF?

[ICU 812]

Now I am hearing that there is a move to tax "Unrealized Capitol Gains". Texplanation I am hearing and reading is that the proposed tax would be applied to the difference between the initial cost of an investment and the estimated value of that investment "now" . . .before cashing-out!

Not cleare yet how this would work. What about my house, my US Savings Bonds, my 401(k)?

But I am not hearing anything about a credit for an investment that goes down in value. . . .like my 20 year old pick up? And what about all my ENRON stock?

[HedonistForever]

Originally Posted by ICU 812

Now I am hearing that there is a move to tax "Unrealized Capitol Gains". Texplanation I am hearing and reading is that the proposed tax would be applied to the difference between the initial cost of an investment and the estimated value of that investment "now" . . .before cashing-out!

Not cleare yet how this would work. What about my house, my US Savings Bonds, my 401(k)?

But I am not hearing anything about a credit for an investment that goes down in value. . . .like my 20 year old pick up? And what about all my ENRON stock?

You aren't the only one. A few Democrats are wondering the same thing. They are also wondering why we would need to "examine" every bank account of every American that spends $10,000 a year when looking for tax cheating billionaires?


Here is a far out idea, audit everybody that makes over $400,000 or just the billionaires every year and leave the "little people" alone. After all, if billionaires are the target ( of course they are not, Dem's are lying to you ) why not just target them. Such a simple solution.

[ICU 812]

'Nother idea: Audit every elected official regardless of their income.

[Unique_Carpenter]

ICU,
Yes major issues.
Here's another:
If billionaires have decent tax geeks looking at their stuff, wouldn't those tax geeks figure out a way to get the unrealized stuff into non-taxed class of stuff? Seriously, what a cluster fxxx, and a total waste of time. So middle class is gonna get screwed regardless.

But yes, audit all politicians.
At national, congress, senators secretary of this and that.
At states, all governors, AGs etc. Maybe pass on school boards

[Strokey_McDingDong]

Taxes are so fucking gay. I want my money back. Unless I can decide where my share goes, I don't want to pay any of it.

[dilbert firestorm]

isnt this tax stuff for millionaires, billionaires and trillionaires???

[oeb11]

To paraphrase Leona Helmsley - "Only teh little people pay taxes"!!!


'apologies' to Democrats who view history as racist.



Buck fiden
From my cold dead hands!

[ICU 812]

Originally Posted by dilbert firestorm

isnt this tax stuff for millionaires, billionaires and trillionaires???

It is unclear just what they are talking about behind closed doors. Even if the current concept (if passed) would only impact the ultra-wealthy, these are liberal-left socialists. so eventually it would affect every grad-schooler's allowance. . . .and their parents too so the money would be taxed twice.

[ICU 812]

Originally Posted by Strokey_McDingDong

Taxes are so fucking gay. I want my money back. Unless I can decide where my share goes, I don't want to pay any of it.

And thats why they are trying to first suppress cash transactions, then require bank reporting.

If the midterms don't bring back a Republican majority, wwe won't be able to pay for anything with dollar bills of any denomination in ten years (or less).

This double punch combination will go far beyond just tax collecting. This will affect wait staff, cab drivers, Providers and anyone getting paid in the "Gig Economy".

Watch them try to regulate barter transactions in some way next.

[oeb11]

The democrat communist appetite for other people's monies - is insatiable.

[ICU 812]

Originally Posted by Unique_Carpenter

ICU,
Yes major issues.
Here's another:
If billionaires have decent tax geeks looking at their stuff, wouldn't those tax geeks figure out a way to get the unrealized stuff into non-taxed class of stuff? Seriously, what a cluster fxxx, and a total waste of time. So middle class is gonna get screwed regardless.

But yes, audit all politicians.
At national, congress, senators secretary of this and that.
At states, all governors, AGs etc. Maybe pass on school boards

How right you are. Watch the privately held wealth of the nation go off shore to tax heavens as it was before the previous administration.

[the_real_Barleycorn]

No comments from the left?

[rexdutchman]

Theys gotto pay for the ZERO , somehow "comon man"

[oeb11]

The democratiCommunist party is showing their hands
Proposing to confiscate 'Unrealized wealth" - which means they own all wealth and property in America
Typical Communist nomeklatura - hiding the reality of their Hatred of representative democracy and the American Peoples

So they can rule as elitist Democraticommunist nomenklatura!

[rexdutchman]

They s gonna confiscate everything if you "let them" peeps need the wake up to the NOT utopia