President Joe Biden - Kamala Harris Administration

#25,736
#25,736
hog88 said:
WTF exactly is “unrealized income”?

This is how the Alternative Minimum Tax began, a ****ing deranged democrat promising to make the rich pay their fair share and not hurting the middle class.
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I think that this would be one specific example of "unrealized gains": Let's say that someone buys 10 million dollars worth of a certain stock. Let's say those shares increase 40 percent in value. The 4 million dollar increase is seen as "profit", or "unrealized gains". Even if this person doesn't sell those shares to pocket those gains they would still have to pay taxes on the 4 million dollar increase in their portfolio. So stupid.

Now, to the point Ras made, they also wanted to do a "billionaire tax" as well which would reflect his description.
 
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#25,737
#25,737
norrislakevol said:
I think that this would be one specific example of "unrealized gains": Let's say that someone buys 10 million dollars worth of a certain stock. Let's say those shares increase 40 percent in value. The 4 million dollars that are seen as "profit". Even if this person doesn't sell those shares to pocket those gains they would still have to pay taxes on the 4 million dollar increase in their portfolio. So stupid.

Now, to the point Ras made, they also wanted to do a "billionaire tax" as well which would reflect his description.
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What happens the next year when the market pulls back 40%? Do you get a refund on your unrealized loss?
 
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#25,744
#25,744
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#25,745
#25,745
Shame on democrats for nominating a mentally deteriorated old man for POTUS and a grossly under qualified VP. He's totally incompetent for the job and his incompetency has likely prolonged and escalated the war. European leaders see him as a fool now, where before it was probably just suspected. Biden's handlers suck at their jobs. It's too early in his presidency for him to completely lose it like this. I doubt he finishes the term but the only thing worse than that would be putting Kamala in charge.
 
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#25,746
#25,746
Man...l only have a mustard seed of faith left. Spend money to reduce inflation, and to keep current spending fed rates the same to keep up with inflation, they will spend even more. This is like a commode flush.

"Manchin, chairman of the Senate Natural Resources Committee, reportedly told a group of climate activists he would like a new package to focus on prescription drugs, climate change and reducing the deficit."

"If every time we have 7% inflation we then increase spending by 7%, that spending is then going to go into higher inflation, because when the economy is this oversaturated with demand, new deficit-financed government spending is mostly going to increase inflation, it's not mostly going to increase output," he said.

As debt climbs to $31T, Dems eye new version of Biden spending bill with Manchin's support
 
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#25,748
#25,748
AM64 said:
Well, you know regardless of any other weather event going on that it's always foggy with a chance of idiots raining down in DC. Also keep in mind when anywhere near DC do not under any circumstances drink the yellow rain.
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I have relatives that live in DC. I have no idea why. I maintain it is the most disgusting developed city in the world. Primarily because of the inhabitants.
 
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#25,749
#25,749
Orangeburst said:
Man...l only have a mustard seed of faith left. Spend money to reduce inflation, and to keep current spending fed rates the same to keep up with inflation, they will spend even more. This is like a commode flush.

"Manchin, chairman of the Senate Natural Resources Committee, reportedly told a group of climate activists he would like a new package to focus on prescription drugs, climate change and reducing the deficit."

"If every time we have 7% inflation we then increase spending by 7%, that spending is then going to go into higher inflation, because when the economy is this oversaturated with demand, new deficit-financed government spending is mostly going to increase inflation, it's not mostly going to increase output," he said.

As debt climbs to $31T, Dems eye new version of Biden spending bill with Manchin's support
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Hey two of the three things he listed are on point. The third is just pandering to his idiot party. He’ll want to “address” climate change while WV coal mines keep pumping out product.
 
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