Harris: 25% tax on unrealized gains

[CaboKP]

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You should be worried about WWIII, we've gone at least a week without a prediction from you.

 

[Joes Place]

Besides simply being a moronic proposal, it would be a tax record keeping nightmare

How?

You have your annual tax records of what you already paid (adjusting your basis) in your (and govt's) files.
Seems like something databases are designed to do.

 

[Joes Place]

I think his point is that while a client has options of where to invest their $, the option of equities, bonds, etc, that hopefully create unrealized gains, may in essence be taken away from some people as they don’t want both the capital gains and unrealized gains to taxed.

"Most people" do not have $100M in assets.

 

[BlIIlken2]

You should be worried about WWIII, we've gone at least a week without a prediction from you.

 

[bunsen82]

"Most people" do not have $100M in assets.

The goal is to get to that level then figure it out then. My guess is it will not be nearly as bad for the wealthy as currently construed, even if somehow it got passed. You notice they like to talk about the big bad boogy man the wealthy, but what did they achieve in their first 2 years, not a whole lot.

 

[HawkeyeHitman]

It’s not going to stop at $100 million. Anyone who has earned a dollar they will try and get their hands on it.

 

[hexumhawk]

It’s not going to stop at $100 million. Anyone who has earned a dollar they will try and get their hands on it.

Yep

Anything that is a tax that starts with a threshold soon gets forgotten.

 

[hexumhawk]

Trump's anit-Blackrock and centralized currency stances got him put in the literal bullseye. Interesting to see what they do with Harris on this one!

 

[jonesy5960]

"Most people" do not have $100M in assets.

I think you might be selling all these dudes short. There's at least a half dozen on this forum alone.

 

[Easy Eddy]

Trump's anit-Blackrock and centralized currency stances got him put in the literal bullseye. Interesting to see what they do with Harris on this one!

What language is this?

 

[ISUBryce]

If we actually vote for Kamala to become the next president we deserve what we get good and hard.

Trump is abrasive as **** to some but he isn’t going to take 25% of your 401k.

You have 100 million in your 401k?

 

[jneffer]

Trump's anit-Blackrock and centralized currency stances got him put in the literal bullseye. Interesting to see what they do with Harris on this one!

just inventing things now

trump supporters may be skeptical of blackrock, but he sure isnt (do we really think he'd do anything to hamper or regulate real estate investing?)

Trump’s odd (and interesting) relationship with the money manager who has his ear

According to the old cliché, opposites attract. And there may be no greater example of  this than the odd, interesting, and for the country beneficial relationship between Larry Fink and Donald Tru…

nypost.com

 

[Joes Place]

It’s not going to stop at $100 million. Anyone who has earned a dollar they will try and get their hands on it.

Yes
That will probably go "up" with inflation.
So, it'd eventually be $150M

Nothing you will ever have to worry about.

 

[HawkeyeHitman]

Yes
That will probably go "up" with inflation.
So, it'd eventually be $150M

Nothing you will ever have to worry about.

No it won’t dumbass. The greedy power hungry Marxist will take it down to the last penny.

 

[NoWokeBloke]

Sometimes I wonder how the Shitlibs manage to tie their shoes.

 

[SA_Hawk]

You have 100 million in your 401k?

The government has zero business taking anyone’s 401k. Once you open that door you can’t undo it and it will only creep downward.

In 10 years AOC and Harris will be saying why should anyone have $100,000 in their 401k? They need to pay their fair share.