Liberal Forum

Beekeeper » 25 Aug 2024, 2:10 pm » wrote: ↑

25 Aug 2024, 2:10 pm

I don't give 2 **** what some article says, I want to hear what HARRIS MEANS and from the MOUTH OF THAT HORSE!!!

So far, she has ONLY SAID a 25% unrealize capital gains tax. So, unless you can produce something FROM HER, your little "articles' are meaningless.

I get it, some people need the "Jack & Jill" version to wrap their heads around tax policy.
 

Mrkelly » 25 Aug 2024, 9:42 am » wrote: ↑

25 Aug 2024, 9:42 am

One issue in this plan has captured specific attention: a new tax on unrealized capital gains. Biden, and now Harris, have proposed levying an annual tax on the static wealth of households worth more than $100 million. Specifically, households worth more than $100 million would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains.

https://smartasset.com/taxes/unrealized ... tax-policy

Oprah ain't gonna like this!

Mrkelly » 25 Aug 2024, 10:47 am » wrote: ↑

25 Aug 2024, 10:47 am

Facts are facts

tRump made corporate tax cuts permanent

From what I see Trump wants to make them permanent. 

https://taxfoundation.org/blog/largest- ... proposals/
https://www.crfb.org/blogs/trump-and-bi ... ng-changes
https://www.cnn.com/2024/06/13/politics ... index.html

“Donald Trump was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt,” Biden posted on X in April, citing the original 10-year cost estimate. “That tax cut is going to expire. If I’m reelected, it’s going to stay expired.”
 

Oh, and did  you hear that she ALSO wants to TAX CAPITAL GAINS REALIZED at 44.7% instead of the current 20%!!

It must REALLY SUCK if you have a 401K and when you start WITHDRAWING IT, all your GAINS above your total investment LOSES 44.7% of its VALUE and YOU ALSO PAY INCOME TAX ON THE WITHDRAWALS!!

I  bet  @maineman  is going to be CHEERING FOR EVEN MORE!!!