"We Have A Historic Opportunity" - Senator Wyden Releases Dems' Plan To Tax Unrealized Capital Gains

https://www.zerohedge.com/political...den-releases-dems-plan-tax-unrealized-capital

HYPERLINK has full article

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It would impose the 23.8% tax rate for long-term capital gains on tradable assets such as stocks that increase in value over the year, whether or not they have been sold.

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first they target the "super-rich" but once a new tax is on the books, Democrat politicians will want to use their trickle-down affect and then tax everyone.

This insatiable appetite for our hard-earned money has to stop

Democrat votes have consequences; always dangerous

 

never work, just tax anything over 10k a year of profit from stocks sold the same as labored income

no reason labored income should be taxed more

 

I disagree. The hatred and vitriol by Democrat politicians has been emboldened through Democrat votes. This proposal is to tax assets that have not been sold just because their value has increased.

This is the kind of policy that we see starting to appear thanks to Democrat voters

And, once a new tax is in the books, it remains until adults are sent to DC and Democrats put into the minority

How anyone can ever vote Democrat just pales rational thought

 

never happen, they are discussing all the options, this one will never fly

 

If you don't have income over $400,000 you have NOTHING TO FRET ABOUT!!!!!!!

 

Your lie of omission is typical of your posts.

And yet all 700 taxpayers who would potentially be effected by this tax would also get to deduct unrealized losses.

Your post is just another , "I hate Democrats" rant.

 

once a tax is on the books, the trickle-down used by Democrat politicians will be enacted. You attack me, the poster instead of admission that taxes on the books soon are targeted toward all

Democrat votes have consequences; always harmful

 

Tell your team. They want 50% of my income.

 

Oh, and I do not hate Democrats. In fact, I actually feel pity for you Democrat voters because you are hoodwinked by the media into believing all Democrat all the time is a good thing.

 

I'm beginning t think that with many Democrat voters their unwillingness to see reality is akin to parents of a criminal. You do not want to admit that your child, or in the case of Democrat voters, their party would hurt anyone.

But, despite the fallout of Democrat votes all around in higher prices on everything, the Democrat voters still will not see what is front of them. It's quite sad

 

I paid more taxes under Trump then under Obama and hopefully will pay less under Biden, but time will tell

republican will probably fight any bill to lower my taxes unless the rich get a huge tax cut though

 

You seem to be in dire need of a good CPA. Anyone who paid more taxes under Obama than Trump is blissfully unaware.

Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

I cannot see how that could remotely be true unless your income increased. But you'd leave that part out to make a falsehood true. But sure, So now explain to me again why democrats want 50% of my income.

 

Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

sorry, Diaper Donald lied to you if you think everyone paid less under Trump

 

they don't, that is a lie unless you're making Billions a year

 

You don't seem to know or understand tax code. I guess I never expected that you would, but at least now we know.

 

Sorry... here are the FACTS:
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

In my case, Trump's lowered taxes provided just the added funds I needed to buy a jacuzzi. Again, I urge you to seek out a good CPA. If you paid more taxes under Trump than Obama... you really ripped yourself off.

 

fact is, not everyone paid less under Donald, I was one of them that did not

 

Then you are in dire need of a competent CPA.

 

Again... please engage a CPA to help you out. You are ripping yourself off.

 

whatever dude, you're wrong, I doubt you will ever admit it though

"For some in middle class, Trump plan would mean tax increase"

https://www.cbsnews.com/news/for-some-in-middle-class-trump-plan-would-mean-tax-increase/

 

Wrong about what? Specifically? Here are the FACTS:

Back to the facts:
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

I paid more under Trump, that is just fact

 

You are in dire need of a tax professional....that is just a fact.