It seems Harris wants to tax unrecognized gains.. which is insanely radical

[Mr. Friscus]

Her economic advisor was on some CNBC show defending taxing unrecognized gains.

Basically, if your 401k starts succeeding, you’d be immediately forced by the government to sell your stock so you have to pay the taxes on that.

But, if your 401k drops, they sit by and let you lose money.

And after it drops, if it gains again and returns to what it was, you have to sell your stock to pay the taxes.

It’s likely unconstitutionally, but What kind of tyrant wants to do this?

 

[pknopp]

Well it's not like this topic hasn't been posted 60 times.

 

[Dekster]

Her economic advisor was on some CNBC show defending taxing unrecognized gains.

Basically, if your 401k starts succeeding, you’d be immediately forced by the government to sell your stock so you have to pay the taxes on that.

But, if your 401k drops, they sit by and let you lose money.

And after it drops, if it gains again and returns to what it was, you have to sell your stock to pay the taxes.

It’s likely unconstitutionally, but What kind of tyrant wants to do this?

I doubt it would apply to 401K's because of the penalty for early withdrawal. Probably more aimed at the massive family trusts that can hold stocks in perpetuity without paying anything on gains.

 

[1srelluc]

Well it's not like this topic hasn't been posted 60 times.

It needs to be posted.

BTW....Guess who pays for the increase in the corporate tax rate she is proposing?

We do, in the form of higher prices.

The sad part is that the Marxist shits putting such stupid ideas in her vapid head don't even have any successful experience in business nor economic policy.

 

[pknopp]

It needs to be posted.

It has been. In the past even factually with links unlike what we see here.

 

[1srelluc]

It has been. In the past even factually with links unlike what we see here.

Feel free to add a link then.

 

[pknopp]

Feel free to add a link then.

It's up to the OP. I'll just wait until a mod closes it.

 

[American Eagle]

Well it's not like this topic hasn't been posted 60 times.

Links?

 

[American Eagle]

Links?

pknopp disagreed with my post above. So you have no links, pknopp ?

 

[JoeMoma]

Taxing unrealized gains is a bad idea because it forces disinvestment to pay taxes.

 

[pknopp]

pknopp disagreed with my post above. So you have no links, pknopp ?

Just like the OP and it's not up to me.

 

[American Eagle]

Just like the OP and it's not up to me.

You claimed it. Burden on you.

 

[wamose]

Harris' favorite lie, even bigger than "the border is secure", is that she won't raise taxes on anyone making below 400K a year. That's a blatant lie. Letting the Trump tax cuts expire will result in a tremendous tax increase to middle and working class Americans. Taxing unrecognized capital gains will also raise middle class taxes, and the nature of those taxes is closer to confiscation than taxes. Unfortunately, Harris seems to have some very gullible followers who believe what she says. Most are too gullible, uneducated, idealistic or stupid to know any better. Harris looks these people in the eye, tells them obvious lies, and the people swallow them hook, line and sinker. And they're the ones that call themselves educated. MAGA

 

[pknopp]

You claimed it. Burden on you.

Kamala's "Unrealized Gains Tax" Is What Brought Down The UK

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

The kicker is the 25% tax on unrealized gains for the ultra-wealthy. While this only impacts a handful of people, and the measure is highly unlikely to pass,

Not people's 401k. People really need to educate themselves outside of the far right poop flingers.

 

[Votto]

I doubt it would apply to 401K's because of the penalty for early withdrawal. Probably more aimed at the massive family trusts that can hold stocks in perpetuity without paying anything on gains.

And if the super rich pull out their funds from the market, then everyone's 401K hits rock bottom

Brilliant!!!

 

[Votto]

Taxing unrealized gains is a bad idea because it forces disinvestment to pay taxes.

Taxing unrealized gains is a bad idea because it forces disinvestment to pay taxes.

Democrats never met a tax they did not like.

And the great thing is, they don't care what you think or what voters think.

They just have a "way" of winning elections somehow despite what they think.

 

[Polishprince]

Her economic advisor was on some CNBC show defending taxing unrecognized gains.

Basically, if your 401k starts succeeding, you’d be immediately forced by the government to sell your stock so you have to pay the taxes on that.

But, if your 401k drops, they sit by and let you lose money.

And after it drops, if it gains again and returns to what it was, you have to sell your stock to pay the taxes.

It’s likely unconstitutionally, but What kind of tyrant wants to do this?

An even crazier aspect to this proposal for Financial Assrapery by Harris is that the "unrealized gains will also be on real estate. Tens of thousands of new tax assessors will have to be deployed to assign values to properties to determine the unrealized gains. Of course, their judgments will presumably be subject to appeals so legions of administrative judges and lawyers will also have jobs.

 

[Sunni Man]

VP Harris is a full out Marxist and believes capitalism is evil and everyone should be equally miserable and living in poverty.
..............................................................................................................................................

 

[American Eagle]

Kamala's "Unrealized Gains Tax" Is What Brought Down The UK

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

The kicker is the 25% tax on unrealized gains for the ultra-wealthy. While this only impacts a handful of people, and the measure is highly unlikely to pass,

Not people's 401k. People really need to educate themselves outside of the far right poop flingers.

That's 2. Not 60.

 

[katsteve2012]

OP, Plenty of personal content here, but can you supply a link to support it, and to advance the discussion, per thread creation guidelines?