TheDeeble
Guy on the Couch
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- May 6, 2007
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INSANEKanekoaTheGreat
@KanekoaTheGreat
Kamala is proposing an *INSANE* 25% tax on unrealized capital gains.
Imagine buying shares for $100,000, and their value rises to $150,000.
Under Kamala's plan, you'd owe taxes on the $50,000 gain, even though you haven't sold the shares or made any actual profit.
Now, imagine the stock's value drops back to $100,000 the following year.
The gain you were taxed on has vanished.
You’ve already paid a 25% tax on a gain that no longer exists, leaving you with a financial loss and no real benefit.
Taxing unrealized gains would force investors to sell off assets to cover their tax bills, hurting long-term investment and economic growth.
This isn’t just risky; it’s a recipe for a stock market crash and another Great Depression.
4:26 PM · Aug 20, 2024
·
54.3K
Views
Yup! Only a stupid moron would vote for someone who supports something like this.KanekoaTheGreat
@KanekoaTheGreat
Kamala is proposing an *INSANE* 25% tax on unrealized capital gains.
Imagine buying shares for $100,000, and their value rises to $150,000.
Under Kamala's plan, you'd owe taxes on the $50,000 gain, even though you haven't sold the shares or made any actual profit.
Now, imagine the stock's value drops back to $100,000 the following year.
The gain you were taxed on has vanished.
You’ve already paid a 25% tax on a gain that no longer exists, leaving you with a financial loss and no real benefit.
Taxing unrealized gains would force investors to sell off assets to cover their tax bills, hurting long-term investment and economic growth.
This isn’t just risky; it’s a recipe for a stock market crash and another Great Depression.
4:26 PM · Aug 20, 2024
·
54.3K
Views
If they do that, then there is absolutely no reason to hang on to long term investments..which is what most people do.. that is stupid.. the only people that this would not effect are the incredibly poor and/or the incredibly stupidKanekoaTheGreat
@KanekoaTheGreat
Kamala is proposing an *INSANE* 25% tax on unrealized capital gains.
Imagine buying shares for $100,000, and their value rises to $150,000.
Under Kamala's plan, you'd owe taxes on the $50,000 gain, even though you haven't sold the shares or made any actual profit.
Now, imagine the stock's value drops back to $100,000 the following year.
The gain you were taxed on has vanished.
You’ve already paid a 25% tax on a gain that no longer exists, leaving you with a financial loss and no real benefit.
Taxing unrealized gains would force investors to sell off assets to cover their tax bills, hurting long-term investment and economic growth.
This isn’t just risky; it’s a recipe for a stock market crash and another Great Depression.
4:26 PM · Aug 20, 2024
·
54.3K
Views
Not that I think it's a good idea, but the 25% tax on unrealized capital gains would only apply to Americans with a net worth over 100 million dollars.If they do that, then there is absolutely no reason to hang on to long term investments..which is what most people do.. that is stupid.. the only people that this would not effect are the incredibly poor and/or the incredibly stupid
Imma make sure my assets are marked to market based on @lawgator1 ’s 50% drop in equities markets that is like, totally right around the cornerTaxes on unrealized gains, especially on non traded assets, is one of the stupidest ideas ever...
Not that I think it's a good idea, but the 25% tax on unrealized capital gains would only apply to Americans with a net worth over 100 million dollars.
That's probably about 25,000 Americans.
Again, not that I think it's a good idea at all.