Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Dos Equis on April 24, 2024, 04:12:09 PM
-
I have some choice words for this man. >:(
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/
-
A full list of his proposed tax increases, including raising the corporate tax rate. This is the kind of thing you expect from a socialist idiot who has never run a business and does not understand how the economy works. This would be a disaster. I would walk over crushed glass to vote for Trump over Biden on this basis alone.
https://www.pgpf.org/blog/2024/04/president-bidens-budget-calls-for-raising-43-trillion-in-revenues-over-ten-years-heres-how
-
ORANGE MAN BAD!!!! >:( >:( >:(
-
The proposed cap gains tax rate increase applies to investors who make over $1 million a year.
See details:
https://www.kiplinger.com/taxes/biden-calls-for-doubling-capital-gains-tax-rate
This will never pass.
Some of it is bargaining. Ask for a lot...settle for less.
-
I have some choice words for this man. >:(
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/
Damn the tax revenue, It's about fairness!
-
Worst presidency in lifetime. Horrible.
I have some choice words for this man. >:(
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/
-
Pant-Shitter and his "gang of groin-gravy guzzling goofballs" deserve a plane crash...
(https://i.imgflip.com/8fvafb.jpg)
-
More taxes, more dates.
-
Pant-Shitter and his "gang of groin-gravy guzzling goofballs" deserve a plane crash...
(https://i.imgflip.com/8fvafb.jpg)
I think black folk prefer Popeyes's.
-
Worst presidency in lifetime. Horrible.
And I didn't think we could have done worse than Obama. We did.
-
Taxing unrealized capital gains is madness.
The tax in and of itself is stupid.
-
Anything to kill the middle class. There are many nimby libs who think they are above middle class status. They aren't.
-
Living up to the "you will own nothing and be happy" promise. The death tax is probably the worst.
-
Taxing unrealized capital gains is madness.
The tax in and of itself is stupid.
Agree.
-
Steve Forbes: America will be in another Great Depression if Biden does this
-
And I didn't think we could have done worse than Obama. We did.
50 years in DC and literally nothing meaningful to show for it except for being a known racist and segregationist. You don't become a career politician unless there's money to be made, especially if you're in for 50 friggen years.
-
Bump for Kamala's similar tax plan for unrealized capital gains. They start by taxing only the extremely wealthy, then they spread it to everyone else bit by bit.
https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html (https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html)
-
50 years in DC and literally nothing meaningful to show for it except for being a known racist and segregationist. You don't become a career politician unless there's money to be made, especially if you're in for 50 friggen years.
To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.
His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.
Had you chosen to be a politician/senator how many elections do you imagine you would have won?
-
His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.
Don't forget to include all the kickbacks to his son from the Ukraine.
-
To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.
His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.
Had you chosen to be a politician/senator how many elections do you imagine you would have won?
BWAHAHAHAHAHAHHAHAHAHAHA HA!!!!
-
Taxing unrealized capital gains is madness.
The tax in and of itself is stupid.
It is the most insane tax policy I have ever seen.
-
Bump for Kamala's similar tax plan for unrealized capital gains. They start by taxing only the extremely wealthy, then they spread it to everyone else bit by bit.
https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html (https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html)
Spot on.
-
To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.
His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.
Had you chosen to be a politician/senator how many elections do you imagine you would have won?
And there I was thinking it was George Halfwit Bush that was elected President in 2000.
-
It is the most insane tax policy I have ever seen.
Most voting for her receive no capital gains.
-
Most voting for her receive no capital gains.
True but raising corporate tax rate will cause the prices to go up and that will hit all people.
-
True but raising corporate tax rate will cause the prices to go up and that will hit all people.
Basic economics is lost on these folks.
The issue is those promoting the Democrats - hollywood, etc will not be affected by this - they will be rich, regardless of who is in charge.
But take a family that made a good choice - say the bought a house for 300k that's worth 750lk now. They want to live in that house another 5-10 years, sell it, then downsize and retire.
They'd have to pay tax on that unrealized 450k, could be 115k out of pocket or something. Most people don't have that cash to just give to the gov't.
It is ridiculous.
-
Basic economics is lost on these folks.
The issue is those promoting the Democrats - hollywood, etc will not be affected by this - they will be rich, regardless of who is in charge.
But take a family that made a good choice - say the bought a house for 300k that's worth 750lk now. They want to live in that house another 5-10 years, sell it, then downsize and retire.
They'd have to pay tax on that unrealized 450k, could be 115k out of pocket or something. Most people don't have that cash to just give to the gov't.
It is ridiculous.
What do they do when the market or real estate prices go back down? I doubt the government is going to be giving that tax money back.
-
True but raising corporate tax rate will cause the prices to go up and that will hit all people.
So will implementing tariffs on all imports. But I don't see anyone whining about that.
-
So will implementing tariffs on all imports. But I don't see anyone whining about that.
We are pretty much screwed regardless.
-
So will implementing tariffs on all imports. But I don't see anyone whining about that.
I’d hope that some good would come out of it, like we start producing more here rather than importing crap from overseas. Does anybody not feel bad knowing your cheap Chinese shit was built with what equates to slave labor?
-
I’d hope that some good would come out of it, like we start producing more here rather than importing crap from overseas. Does anybody not feel bad knowing your cheap Chinese shit was built with what equates to slave labor?
For me personally I don't care at all. (I think other countries like Bangladesh do it cheaper than China anyway, at least for clothes.) And if we weren't buying it those countries would be even worse off. Me owning something made in a third world nation isn't hurting the poor person in the factory because they'd just get laid off if nobody bought it.
I can see a national interest for some industries. For example, it's probably a good idea for our country have a capacity to make our own airplanes, car engines, food. But I don't know if we need tariffs broadly across all industries. How hard would it be for our country to start making our own clothes if we ended up in a war and couldn't import? I'm no expert but I don't imagine it would be all that difficult to do it here or import from poor South American countries.
-
From the basement desk of Obama on order of the Red Cabinet that backs him. More redistribution of private capital to gov.
-
What do they do when the market or real estate prices go back down? I doubt the government is going to be giving that tax money back.
Real estate does go up and down in value for a variety of reasons, but in the long run it is the gains that win.
-
I’d hope that some good would come out of it, like we start producing more here rather than importing crap from overseas. Does anybody not feel bad knowing your cheap Chinese shit was built with what equates to slave labor?
It is nearly impossible to find products fully produced in the U.S. Check your labels. Amazon has a section of goods supposedly made in the U.S.
-
So will implementing tariffs on all imports. But I don't see anyone whining about that.
Because that is necessary to win the long game vs china.
Giving our gov't more money in the form of taxes does not.
-
Real estate does go up and down in value for a variety of reasons, but in the long run it is the gains that win.
Is that Kamala's position? That most of the time most stocks and most real estate goes up in value, so the poor suckers who pay unrealized capital gains on a profit, and then next year if they lose their profits they're just shit out of luck because in the long run the gains win?
-
Basic economics is lost on these folks.
The issue is those promoting the Democrats - hollywood, etc will not be affected by this - they will be rich, regardless of who is in charge.
But take a family that made a good choice - say the bought a house for 300k that's worth 750lk now. They want to live in that house another 5-10 years, sell it, then downsize and retire.
They'd have to pay tax on that unrealized 450k, could be 115k out of pocket or something. Most people don't have that cash to just give to the gov't.
It is ridiculous.
Spot on. Shit like this is fake food to feed people that don't earn a lot of money.
Keep them broke and keep them working.
-
Is that Kamala's position? That most of the time most stocks and most real estate goes up in value, so the poor suckers who pay unrealized capital gains on a profit, and then next year if they lose their profits they're just shit out of luck because in the long run the gains win?
I have no idea what VP Harris' position on federal capital gains tax is. Do you?
Currently with real estate there are multiple ways to avoid paying capital gains on your primary residence. The first 250K is not taxed. The cost of maintenance, repairs and improvements are deductible. No beneficiaries will pay capital gains tax on any assets passed on to them. They may have to pay estate tax depending on the amount.
Since 1997 the capital gains rate has decreased.
(https://www.retireguide.com/wp-content/uploads/maximum-capital-gains-and-individual-tax-rate-768x0-c-default.png)
-
I have no idea what VP Harris' position on federal capital gains tax is. Do you?
I feel like we're going around in circles. She supports the Biden tax plan which includes taxing unrealized capital gains (they say only for the very wealthy, but I suspect if they are successful with this it will expand from there to regular folks eventually). I asked about how that works when values of stocks fluctuate. Hypothetically - you own 500k in stocks and the market goes up. Now you own 1 million in stocks. You pay unrealized capital gains taxes on the 500k profit. Next year there's a market crash and now your stocks are only worth 500k again. You've paid taxes on money you never had in your pocket!
-
Basic economics is lost on these folks.
The issue is those promoting the Democrats - hollywood, etc will not be affected by this - they will be rich, regardless of who is in charge.
But take a family that made a good choice - say the bought a house for 300k that's worth 750lk now. They want to live in that house another 5-10 years, sell it, then downsize and retire.
They'd have to pay tax on that unrealized 450k, could be 115k out of pocket or something. Most people don't have that cash to just give to the gov't.
It is ridiculous.
I was just talking to an elderly lady who has well over $1M in equity in her house (not that uncommon for Hawaii homes). A tax on her equity would destroy her.
-
Because that is necessary to win the long game vs china.
That’s not going to work. The average consumer doesn’t make enough individual personal purchases to have any effect or impact on China. You think Wish and Temu carrying their economy? No it’s the corporate purchases in technology, computers, electronics, machinery/equipment, plastics, etc.. that drive their exports. Those purchases and demands are not going anywhere? Raising the price won’t even make them blink. We have no other reliable option and they know this. You think India or the rest of Asia could handle a surge in demand if we dropped China? Not a chance.
-
The taxes won’t matter if Harris wins. Not for Republicans. They will be saving money every month once the grifting emails from Angry Yam stop.
-
I have no idea what VP Harris' position on federal capital gains tax is. Do you?
Nobody knows her position on anything other than the position that got her start in politics. She is hiding from any sort of interview or debate. ::)
-
The infantile turd that red hats are claiming is going to lower prices, end inflation and cut taxes is the same “businessman” selling you $59 Bibles, $99 picture book, and $299 shoes while begging for money every week.
::)
-
I feel like we're going around in circles. She supports the Biden tax plan which includes taxing unrealized capital gains (they say only for the very wealthy, but I suspect if they are successful with this it will expand from there to regular folks eventually). I asked about how that works when values of stocks fluctuate. Hypothetically - you own 500k in stocks and the market goes up. Now you own 1 million in stocks. You pay unrealized capital gains taxes on the 500k profit. Next year there's a market crash and now your stocks are only worth 500k again. You've paid taxes on money you never had in your pocket!
Why is this so freaking hard for liberal cultists to grasp!!!
-
Nobody knows her position on anything other than the position that got her start in politics. She is hiding from any sort of interview or debate. ::)
Don’t worry, when she decides you are ready she will tell about sharks, electric batteries, cancer causing windmills - where with wind power you can’t watch tv if the wind isn’t blowing, magnetic elevators, how US spells “us”, which cereals you need to show ID for, low flow toilets that don’t flush everything down, steam vs electric catapults, exploding trees, and other really important stuff that nobody has explained to you yet.
-
I was just talking to an elderly lady who has well over $1M in equity in her house (not that uncommon for Hawaii homes). A tax on her equity would destroy her.
If she had no deductions for repairs, maintenance, or remodeling which is unlikely, and her income is within the 15% capital gains tax threshold, with the first $250,000 reduction, her Federal capital gains tax would be $112,500. In addition Hawaii's long term capital gains tax is 7.25% which on 1,000,000 $72,500. This means she would owe a total of $185,000 in state and federal long term capital gains on her real estate. She would still have a net equity of $815,000. Also, she can avoid paying capital gains tax by buying another house and using the 121 home sale exclusion.
If she doesn't already have a financial/estate planner, she'd be well advised to consult with one prior to selling her property.
-
If she had no deductions for repairs, maintenance, or remodeling which is unlikely, and her income is within the 15% capital gains tax threshold, with the first $250,000 reduction, her Federal capital gains tax would be $112,500. In addition Hawaii's long term capital gains tax is 7.25% which on 1,000,000 $72,500. This means she would owe a total of $185,000 in state and federal long term capital gains on her real estate. She would still have a net equity of $815,000. Also, she can avoid paying capital gains tax by buying another house and using the 121 home sale exclusion.
If she doesn't already have a financial/estate planner, she'd be well advised to consult with one prior to selling her property.
She is not selling her property and she doesn't have $185k to pay in taxes on unrealized capital gains. That's the whole point. This kind tax will crush a lot of people.
-
She is not selling her property and she doesn't have $185k to pay in taxes on unrealized capital gains. That's the whole point. This kind tax will crush a lot of people.
Liberal cultists like prime fag don’t care. Got it yet ? They are in a cult. Policies don’t matter
-
Liberal cultists like prime fag don’t care. Got it yet ? They are in a cult. Policies don’t matter
This is indefensible.
-
This is indefensible.
They don’t care ! Team blue no matter what and who. They are a Jim jones radical religious cult.
How can anyone possibly defend this insanity. But here we are. They would defend their children getting raped and killed in the name of the party if need be.
-
She is not selling her property and she doesn't have $185k to pay in taxes on unrealized capital gains. That's the whole point. This kind tax will crush a lot of people.
Exactly.
And this was also blatantly obvious in the fictional scenario I posted.
Most people don't have six figures of CASH sitting around to give to the government, unless they sell, and that is not a realistic option for many.
-
She is not selling her property and she doesn't have $185k to pay in taxes on unrealized capital gains. That's the whole point. This kind tax will crush a lot of people.
Just to be clear, the rates I used are current. Capital gains are taxed and capital losses may be deducted only after they're realized from the sale of an asset. If she is not selling her property she pays nothing.
-
Just to be clear, the rates I used are current. Capital gains are taxed and capital losses may be deducted only after they're realized from the sale of an asset. If she is not selling her property he pays nothing.
Dude the whole point of the discussion is we are discussing UNREALIZED capital gains, which is in the Harris/Biden plan.
You get taxed even if you DON'T sell.
-
Dude the whole point of the discussion is we are discussing UNREALIZED capital gains, which is in the Harris/Biden plan.
You get taxed even if you DON'T sell.
Thank you.
-
They don’t care ! Team blue no matter what and who. They are a Jim jones radical religious cult.
How can anyone possibly defend this insanity. But here we are. They would defend their children getting raped and killed in the name of the party if need be.
And they use projection to say that people they disagree with are in a cult.
-
If she had no deductions for repairs, maintenance, or remodeling which is unlikely, and her income is within the 15% capital gains tax threshold, with the first $250,000 reduction, her Federal capital gains tax would be $112,500. In addition Hawaii's long term capital gains tax is 7.25% which on 1,000,000 $72,500. This means she would owe a total of $185,000 in state and federal long term capital gains on her real estate. She would still have a net equity of $815,000. Also, she can avoid paying capital gains tax by buying another house and using the 121 home sale exclusion.
If she doesn't already have a financial/estate planner, she'd be well advised to consult with one prior to selling her property.
Are you trolling? If the Harris tax plan of pursuing unrealized capital gains is enacted, you advise people to get an estate planner to sell their homes to pay their taxes?
Why can't you just admit that it is a bad tax plan?
-
Dude the whole point of the discussion is we are discussing UNREALIZED capital gains, which is in the Harris/Biden plan.
You get taxed even if you DON'T sell.
So, are you saying that Dos Equis' friend would have to pay unrealized capital gains? Is she worth over $100 million and at least 80% of it is in tradeable assets? This seems unlikely since he said paying capital gains tax would 'destroy' her.
It seems some of you are grousing about something you will never owe or pay. This is an excellent example of scare tactics. Why am I not afraid? Oh that's right, I am not worth over $100 million... not even close.
On a more positive note, the state of Hawaii has the lowest property tax rates in the country at 0.29%. The median home value is around $773,000. I envy your property tax rates. The median home value in Clackamas Co, OR is $422,000. In West Linn, OR the median home value is $780,000. The combined state and County rates here are nearly 2%.
-
So, are you saying that Dos Equis' friend would have to pay unrealized capital gains? Is she worth over $100 million and at least 80% of it is in tradeable assets? This seems unlikely since he said paying capital gains tax would 'destroy' her.
It seems some of you are grousing about something you will never owe or pay. This is an excellent example of scare tactics. Why am I not afraid? Oh that's right, I am not worth over $100 million... not even close.
That is incredibly naïve. It starts with "the wealthy" and eventually affects everyone. And it's horrible policy even it only applies to "wealthy" people.
It wasn't too long ago that Obama thought raising taxes on anyone making over about $250k was ok. Biden raised that threshold to $400k. As if people making above a certain amount deserve to pay an even greater disproportional share of taxes. And anyone who has worked in business knows that people making between $250k and $400k include a lot of small business owners whose net income is much less. Saying all this to say that tax policy that targets "the rich" never ends with "the rich."
-
Are you trolling? If the Harris tax plan of pursuing unrealized capital gains is enacted, you advise people to get an estate planner to sell their homes to pay their taxes?
Why can't you just admit that it is a bad tax plan?
Because they are in a fanatical cult. What is so hard to grasp ?
-
That is incredibly naïve. It starts with "the wealthy" and eventually affects everyone. And it's horrible policy even it only applies to "wealthy" people.
It wasn't too long ago that Obama thought raising taxes on anyone making over about $250k was ok. Biden raised that threshold to $400k. As if people making above a certain amount deserve to pay an even greater disproportional share of taxes. And anyone who has worked in business knows that people making between $250k and $400k include a lot of small business owners whose net income is much less. Saying all this to say that tax policy that targets "the rich" never ends with "the rich."
Exactly. "Rich" ends up being middle class / upper middle class who get stung the most.
But anyway, it's not about if it affects us. The government does not need any more of our money. It won't solve inner city problems, cure cancer, stop crime. The government has all the money it needs, it just needs to utilize it correctly and stop wasting it.
-
The infantile turd that red hats are claiming is going to lower prices, end inflation and cut taxes is the same “businessman” selling you $59 Bibles, $99 picture book, and $299 shoes while begging for money every week.
::)
You sound upset. Embarrassed that Kuntmala and Ballz can't move any products? They just straight out begging for money with nothing in return. :( :(
Don’t worry, when she decides you are ready she will tell about sharks, electric batteries, cancer causing windmills - where with wind power you can’t watch tv if the wind isn’t blowing, magnetic elevators, how US spells “us”, which cereals you need to show ID for, low flow toilets that don’t flush everything down, steam vs electric catapults, exploding trees, and other really important stuff that nobody has explained to you yet.
She's got to tell us something soon. Maybe she can tell us about killing babies, sterilizing low test lefties, starting wars and allowing our country to be invaded by illegal immigrants?
-
Are you trolling? If the Harris tax plan of pursuing unrealized capital gains is enacted, you advise people to get an estate planner to sell their homes to pay their taxes?
Why can't you just admit that it is a bad tax plan?
Because it is not a bad tax plan. This taxes only those very wealthy people worth over $100 million, who often pay a lower percentage of income tax than most of us regular folks.
My advice is for all folks to hire an estate planner if they expect to have to pay capital gains tax whether through investments in the stock market or real Estate, etc. or have large or complex estates.
-
Because it is not a bad tax plan. This taxes only those very wealthy people worth over $100 million, who often pay a lower percentage of income tax than most of us regular folks.
My advice is for all folks to hire an estate planner if they expect to have to pay capital gains tax whether through investments in the stock market or real Estate, etc. or have large or complex estates.
Exactly how the income tax started. How fng naive and stupid you are
-
Exactly. "Rich" ends up being middle class / upper middle class who get stung the most.
But anyway, it's about if it affects us. The government does not need any more of our money. It won't solve inner city problems, cure cancer, stop crime. The government has all the money it needs, it just needs to utilize it correctly and stop wasting it.
You are preaching to the choir. I've been saying that for years. I created a Waste Fraud and Abuse thread where I've been posting stories about how the government spends our money. Like using our tax dollars to teach men in Africa how to wash their balls after sex to help stop the spread of STDs. Or studying why a disproportionate number of lesbians are alcoholics. True stories.
And they want more of our money after running the country into the ground? Heck no. The analogy I always use is your kid asks for $100, you give it to them, they turn it into -$200, then they come back and ask for more. That is precisely what the government does, except they can put taxpayers in prison if they refuse to pay up.
-
You are preaching to the choir. I've been saying that for years. I created a Waste Fraud and Abuse thread where I've been posting stories about how the government spends our money. Like using our tax dollars to teach men in Africa how to wash their balls after sex to help stop the spread of STDs. Or studying why a disproportionate number of lesbians are alcoholics. True stories.
And they want more of our money after running the country into the ground? Heck no. The analogy I always use is your kid asks for $100, you give it to them, they turn it into -$200, then they come back and ask for more. That is precisely what the government does, except they can put taxpayers in prison if they refuse to pay up.
Or losing 6 billion to ukraine....
How do you feel about a flat tax on goods and services for all? Admittedly, I've never seen an estimation how this would affect total tax revenues for the country.
-
Or losing 6 billion to ukraine....
How do you feel about a flat tax on goods and services for all? Admittedly, I've never seen an estimation how this would affect total tax revenues for the country.
I have mixed feelings. I think a flat sales tax is good and gives people much more control over how much they pay. But the cynical side of me believes that if we tried to replace income tax with a sales tax that we would wind up with both.
But I am all in favor of flat income tax of ten percent. I loved Herman Cain's attempt to get it done. Ben Carson talked about it. And so did Steve Forbes. But it's a dead issue right now.
-
You sound upset. Embarrassed that Kuntmala and Ballz can't move any products? They just straight out begging for money with nothing in return. :( :(
She's got to tell us something soon. Maybe she can tell us about killing babies, sterilizing low test lefties, starting wars and allowing our country to be invaded by illegal immigrants?
Meltdown.
They don’t have to sell anything. Don’t have to grift and after raising $540M in roughly a month, they aren’t begging.
-
Exclusive footage of Prime trying to explain and justify taxes on unrealized capital gains. :)
Collin Rugg
@CollinRugg
NEW: CNBC host Joe Kernen rolls his eyes and laughs after Harris’ economic advisor Bharat Rama tries arguing in favor of Harris’ unrealized capital gains tax.
Rama sat in silence as the hosts poked fun after he tried saying that property tax was an unrealized gains tax.
“It’s probably unconstitutional… it's not income.”
“And it's never gonna happen.”
Video:
@RNCResearch
https://x.com/CollinRugg/status/1828797554563436685
-
Exclusive footage of Prime trying to explain and justify taxes on unrealized capital gains. :)
Collin Rugg
@CollinRugg
NEW: CNBC host Joe Kernen rolls his eyes and laughs after Harris’ economic advisor Bharat Rama tries arguing in favor of Harris’ unrealized capital gains tax.
Rama sat in silence as the hosts poked fun after he tried saying that property tax was an unrealized gains tax.
“It’s probably unconstitutional… it's not income.”
“And it's never gonna happen.”
Video:
@RNCResearch
https://x.com/CollinRugg/status/1828797554563436685
LOL! I was not trying to justify the possible proposed tax, just clarify its impact or lack thereof on the majority of folks. But not the lack of impact for folks on Getbig because all of us are worth well over $100 million so we have good reason to complain about it.
'Unrealized losses and gains have no immediate tax consequences because they are just paper profits or paper losses. Investors only have to report gains or losses when they divest capital assets, and then they must reconcile the profit or loss on Schedule D of their Form 1040 in the same tax year they sold the asset.'
https://www.realized1031.com/blog/where-do-you-record-unrealized-gains-and-losses#:~:text=Unrealized%20losses%20and%20gains%20have,year%20they%20sold%20the%20asset.
-
LOL! I was not trying to justify the possible proposed tax, just clarify its impact or lack thereof on the majority of folks. But probably not any folks on Getbig because all of us are worth well over $100 million so we have good reason to complain about it.
The points you are missing include:
1. This policy is unfair, regardless of who it impacts.
2. These kinds of policies never end with "the wealthy" and will eventually affect all of us.
-
The points you are missing include:
1. This policy is unfair, regardless of who it impacts.
2. These kinds of policies never end with "the wealthy" and will eventually affect all of us.
Also, these policies always have the "loopholes" built in by design (so the congressgoblins who passed these laws can later pontificate about the "loopholes"), plus the ultra wealthy they are supposed to target usually make generous political donations have enough connections, means and resources to get around these laws.
-
Also, these policies always have the "loopholes" built in by design (so the congressgoblins who passed these laws can later pontificate about the "loopholes"), plus the ultra wealthy they are supposed to target usually make generous political donations have enough connections, means and resources to get around these laws.
I agree.
-
There are just certain things that people should just go "yes that's stupid", regardless of political affiliation.
-
Because it is not a bad tax plan. This taxes only those very wealthy people worth over $100 million, who often pay a lower percentage of income tax than most of us regular folks.
My advice is for all folks to hire an estate planner if they expect to have to pay capital gains tax whether through investments in the stock market or real Estate, etc. or have large or complex estates.
It is a horrible plan. It is tax creep. They aren't stopping at people with over 100 million even though that's what they're saying. 5-10 years down the road it will be those worth over 10 million, then later those worth over 1 million. Just look at the full history of the income tax adjusted for inflation to see how much it has expanded.
-
Meltdown.
They don’t have to sell anything. Don’t have to grift and after raising $540M in roughly a month, they aren’t begging.
LOL, you are a stupid fuck, keep giving your money to Kuntmala, she needs all the help she can get.
-
LOL, you are a stupid fuck, keep giving your money to Kuntmala, she needs all the help she can get.
Says the Lardo supporting the other Lardo selling Bibles, shoes, imaginary cards and sending grifting emails multiple times per week.
-
Fred Krueger
@dotkrueger
"The unrealized tax is only for ultra wealthy, no big deal."
Let's play this out.
25% unrealized gains on people worth 100MM.
Bill Gates is worth 132 Billion.
Assume his unrealized tax due is about 30 billion.
He would need to sell 40 Billion in Microsoft shares, pay tax on that, just to pay the unrealized tax.
That would probably tank MSFT 10%.
7 million people own Microsoft stock.
Now repeat with META, GOOG, NVDA, AAPL, TSLA etc..
https://x.com/dotkrueger/status/1828981466245808314
-
Kamel-Kvnt may not be selling, but she gave up her hideous snatch to Willie Brown and many others.
The demturdz sell America to highest war-monger bidders.
Arguing for the looney-left is hilarious, Like Prime playing whack-a-cock in his jizz filled cock-arcade "The Demturd Glory-Hole".
-
It is a horrible plan. It is tax creep. They aren't stopping at people with over 100 million even though that's what they're saying. 5-10 years down the road it will be those worth over 10 million, then later those worth over 1 million. Just look at the full history of the income tax adjusted for inflation to see how much it has expanded.
This is pure conjecture on your part.
-
Regardless - taxing millionaires/billionaires with unrealized gains will cause massive selloffs to cover the liability, and will tank the market. Then everyone gets hurt.
-
LOL, you are a stupid fuck, keep giving your money to Kuntmala, she needs all the help she can get.
'Donald Trump announced on Tuesday that he is selling a new collection of digital trading cards, and that supporters who buy 15 or more cards will receive a physical card adorned with a piece of the suit he wore for the presidential debate against Joe Biden in June.'
-Nothing dumb going on here. LOL!
-
'Donald Trump announced on Tuesday that he is selling a new collection of digital trading cards, and that supporters who buy 15 or more cards will receive a physical card adorned with a piece of the suit he wore for the presidential debate against Joe Biden in June.'
-Nothing dumb going on here. LOL!
It's just political memorabilia.
Tons of examples of it throughout history.
But it's probably a good investment - saw a guy on Twitter who showed he bought one for $200 bucks, and was able to flip it for $2k in a very short time.
-
'Donald Trump announced on Tuesday that he is selling a new collection of digital trading cards, and that supporters who buy 15 or more cards will receive a physical card adorned with a piece of the suit he wore for the presidential debate against Joe Biden in June.'
-Nothing dumb going on here. LOL!
Is it worst than bribing other countries with taxpayer money for profit and your son's protection...or not?
-
There are just certain things that people should just go "yes that's stupid", regardless of political affiliation.
You would think.
-
Shark Tank’s O’Leary: Harris-Walz Capital Gains Tax Plan Is ‘Un-American’
Pam Key
29 Aug 2024
https://www.breitbart.com/clips/2024/08/29/shark-tanks-oleary-harris-walz-capital-gains-tax-plan-is-un-american/
-
This is pure conjecture on your part.
It is hard for me to argue about whether it is conjecture. I will say that the history of taxes in this country show that it is more than just conjecture - that it is a reasonable assumption. Multiple levelheaded people in this thread agree with this position.
-
It is hard for me to argue about whether it is conjecture. I will say that the history of taxes in this country show that it is more than just conjecture - that it is a reasonable assumption. Multiple levelheaded people in this thread agree with this position.
Which people in this thread are levelheaded? Would you say there are no levelheaded people in this thread and beyond who disagree with this position?
-
'Donald Trump announced on Tuesday that he is selling a new collection of digital trading cards, and that supporters who buy 15 or more cards will receive a physical card adorned with a piece of the suit he wore for the presidential debate against Joe Biden in June.'
-Nothing dumb going on here. LOL!
Like I told the other dipshit, one is selling products, the other has her token rich white guy begging for money on youtube.
-
Like I told the other dipshit, one is selling products, the other has her token rich white guy begging for money on youtube.
What product is he selling with his grifting emails?
-
What product is he selling with his grifting emails?
Little bits of that space in your head he's occupying.
-
Little bits of that space in your head he's occupying.
No. Trump is selling little bits of his stinky blue suit. Wonder if there have been any takers (suckers) yet?
-
Little bits of that space in your head he's occupying.
So basically, you pulled that claim out of your ass. I'm surprised you were able to reach around that conehead you keep shoved up there.
-
No. Trump is selling little bits of his stinky blue suit. Wonder if there have been any takers (suckers) yet?
Probably the same ones still waiting on their shoes to be delivered.
-
Probably the same ones still waiting on their shoes to be delivered.
You'll be waiting longer to hear Kuntmalas policies. ;D
-
You'll be waiting longer to hear Kuntmalas policies. ;D
Will it be as long as we are waiting for Mexico to pay for that wall or the better healthcare plan?
-
You'll be waiting longer to hear Kuntmalas policies. ;D
-Wonder who will come through with a list of policies first, Trump or VP Harris?
-
Will it be as long as we are waiting for Mexico to pay for that wall or the better healthcare plan?
Trump taught me how much stock to put into campaign policies by not living up what he claimed he would do.
-
Trump taught me how much stock to put into campaign policies by not living up what he claimed he would do.
Yeah Trumps the first politician ever to not be able to follow through on all of his campaign promises. ::)
Retard. ::)
-
Yeah Trumps the first politician ever to not be able to follow through on all of his campaign promises. ::)
Retard. ::)
You are correct, Trump was neither the first nor possibly the worst of those who failed to follow through on their campaign promises. He is one of the more notorious folks to do this though. Trump constantly begs for attention, and he is very successful at getting it. He invites criticism.
I am not who is complaining the loudest about the 2024 candidates' failure to state their policies. I have known and campaigned for many politicians over the years. There are no delusions about how campaign tactics work or politicians not following through on empty policy promises.
-
If Kamala wins I'm sure they'd try to increase the highest tax bracket rates. I did a search but didn't find a specific thread for tax strategies. Assuming people are already maximizing 401k, HSA, 529 funds. What else are wealthy getbiggers doing? Municipal bonds? I googled some stuff about avoiding capital gains through opportunity zones but I don't know anyone who has done that.
-
You are correct, Trump was neither the first nor possibly the worst of those who failed to follow through on their campaign promises. He is one of the more notorious folks to do this though. Trump constantly begs for attention, and he is very successful at getting it. He invites criticism. . He is one of the more notorious of them to do this though. Trump constantly begs for attention, and he is very successful at getting it. He invites criticism.
I am not who is complaining the loudest about the 2024 candidates' failure to state their policies. I have known and campaigned for many politicians over the years. There are no delusions about how campaign tactics work or politicians not following through on empty policy promises.
The fact that you actually have to explain this to him indicates he is not of sound enough mind to make the connection himself.
However, one of Harris's policies is that once elected, the windmill cancer rate will be reduced to ZERO. We are going to beat and eradicate windmill cancer. But wait... there's more. She promises that you can still watch your tv if the wind isn't blowing and NO ID WILL BE REQUIRED to purchase breakfast cereal. She will also be disposing of the President of Puerto Rico and assuming his position as well on Day One.
-
I have some choice words for this man. >:(
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/
It's 25% and for those making 100 million or more. In other words , they pay the same percent we do instead of hiding it in the cayman Islands
-
It's 25% and for those making 100 million or more. In other words , they pay the same percent we do instead of hiding it in the cayman Islands
Did you read the article?
Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
-
It's 25% and for those making 100 million or more. In other words , they pay the same percent we do instead of hiding it in the cayman Islands
If I had 100 million and I thought a wealth tax was coming I'd start moving my wealth overseas.
-
If I had 100 million and I thought a wealth tax was coming I'd start moving my wealth overseas.
Most Getbiggers have already done this.
-
It's 25% and for those making 100 million or more. In other words , they pay the same percent we do instead of hiding it in the cayman Islands
The Income Tax started the same way. Wake up for F sake!
-
The Income Tax started the same way. Wake up for F sake!
I have not heard from any Kamala supporters on or off the board about this. I think they just ignore it because they know it's true. I think they know her tax policy sucks and they're supporting her because they just don't like Trump. That's fair enough I suppose. But I can't get any of my liberal leaning friends to admit it's a shitty tax policy - even the ones in high income brackets.
-
Treasonous Biden can go eat a steaming pile of shit!
-
I have not heard from any Kamala supporters on or off the board about this. I think they just ignore it because they know it's true. I think they know her tax policy sucks and they're supporting her because they just don't like Trump. That's fair enough I suppose. But I can't get any of my liberal leaning friends to admit it's a shitty tax policy - even the ones in high income brackets.
If she gets elected then they can't complain.
-
The Income Tax started the same way. Wake up for F sake!
Right. Have you ever noticed that the folks who complain the most about paying taxes are also the first to access government services and the first to complain also about them? These are people who want everything for nothing. What world do they live in?
-
the stock market continues its decline as a result of wall street fears on the US economy.
The Federal Reserve's Beige Book report said most districts saw flat or declining economic activity in recent weeks.
The ratio of job openings to unemployment declined to a new low, showing that labor demand has cooled.
U.S. manufacturing production decreased in August, sparking manufacturing growth concerns. And the ISM Manufacturing PMI contracted for a fifth straight month in August.
And Nvidia's 9.5% fall Tuesday was the largest ever single-day valuation drop in history.
The U.S. International Trade in Goods and Services deficit is also widening.
Not only that, Trump surges to 56.7% chance of winning electorally while Kakkle-Kvnt falls to 43%.
-
If I had 100 million and I thought a wealth tax was coming I'd start moving my wealth overseas.
Be like The Rolling Stones and become a tax exile in southern France. Or wherever that would be for now.
-
Be like The Rolling Stones and become a tax exile in southern France. Or wherever that would be for now.
Great place to live.