"Unrealized gains"? That didn't go down so well the last time Uncah Ho tried it.

This will end up being more tax on the middle class snuck in somewhere in the bill for small business owners, self employed or making more than 250K to offset when Billionaires portion doesn’t pass. Potatus only wants to kill what his handlers don’t like, mainly conservative middle class people.

^^^^^^^^^
Hope you are wrong. I am a self employed small business owner and have already cut back services. The amount I pay now is ridiculous, so I might as well cut back and pay fewer taxes.

Don’t count on it. I am convinced that the socialists ruining (running) the country know exactly what they need to do to cripple us.

We are merely an obstacle to be brushed aside.

So if you tax unrealized gains then you would have to allow tax write-offs for unrealized losses. Sounds like job security for tax accountants, and a net zero to the treasury.

This moron and his moron handlers just say things that sound good to the GDC's but would not actually work in reality.

If they really want to do something, make the capital gains tax progressive with brackets. Windfall gains like exercising a ton of options in one year (Apple CEO) will be taxed at more than the normal rate for small gains.

quote:

So if you tax unrealized gains then you would have to allow tax write-offs for unrealized losses.

^^^^^^^^
Not necessarily. What the idiot is proposing is a FUNDAMENTAL change to the entire tax code. Taxing unreailized gains is fucking ridiculous. We have enough taxes already. He does not have a clue.

These people are Mentally Defective! The ONLY way to determine any gains for anything is to sell it. Until you do so, it's just an asset like everything else you own.

Unrealized Gains are NOT Gains at all...Just Leftist Insanity!

I think its more virtue signaling pandering to their far left base...not a chance in hell this passes the Senate. The the Dems can say "we tried but those mean republicans wont let us turn the country socialist..."

quote:

Originally posted by PASig:
Biden goes after billionaires: President plans to unveil a new 20% 'minimum tax' on 700 super-rich Americans that could see Elon Musk paying up to $24b year on his 'unrealized gains‘

I wouldn't get too riled over this as it ain't gonna happen. Every congress critter and senator, as well as Joe and Ho themselves, are owned, lock stock and barrel, by the ultra wealthy. Ole Slo Joe is just bloviating for the media and the 25% of the mentally damaged morons who still support him. You've got about as much a chance of Congress passing a bill for this as they do passing a bill for term limits.

quote:

Originally posted by PASig:
Trump is like a girlfriend that the Dems just can't get over...

They know he won. They know Joe and the Ho are illegitimate. Nothing good can come of this illegitimate presidency.

Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty.”
– John Adams

"Gradually, ...Then Suddenly!"

Authored by Jim Quinn via The Burning Platform blog,

“How did you go bankrupt?” Two ways. Gradually, then suddenly.”

- Ernest Hemingway, The Sun Also Rises

“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty.”

– John Adams

Hemingway’s famous quote about going bankrupt connects with so many because it is true on a personal basis and a civilization basis. It applies to individuals and empires in decline – like the American democracy. John Adams realized two centuries ago democracy was no better than monarchy or aristocracy over the long haul. We were handed a Republic by Franklin and his fellow revolutionaries, but we failed to keep it almost from the very birth of this nation.

As we rush towards our World War 3 rendezvous with destiny, aided and abetted by politicians placed in power by globalist billionaires hellbent on the destruction of our way of life, so they own everything and you own nothing, I can’t help but ponder who is to blame and could we have avoided this dystopian outcome.

The United States has been going bankrupt gradually for the last fifty years, both financially, intellectually, and morally. Nixon closing the gold window in 1971 and opening the debt door to morally bankrupt bankers and politicians set in motion a downward spiral accelerating at hyper-speed as we speak. The American Empire was born in the shattered global debris of World War II with the Bretton Woods agreement, which left the USD as the dominant currency in world trade, specifically as the settlement currency for all oil transactions.

The empire has been sustained by currency supremacy, military might, and until 1980, manufacturing superiority. Once the most highly educated nation on the planet, decades of lowering the bar, less than mediocre union teachers, and replacing education with indoctrination, has created generations of ignorant zombies incapable and uninterested in critical thought.

https://www.zerohedge.com/geop...dually-then-suddenly

quote:

Originally posted by chellim1:
"Gradually, ...Then Suddenly!"

Authored by Jim Quinn via The Burning Platform blog,

“How did you go bankrupt?” Two ways. Gradually, then suddenly.”

- Ernest Hemingway, The Sun Also Rises

...

The empire has been sustained by currency supremacy, military might, and until 1980, manufacturing superiority. Once the most highly educated nation on the planet, decades of lowering the bar, less than mediocre union teachers, and replacing education with indoctrination, has created generations of ignorant zombies incapable and uninterested in critical thought.

https://www.zerohedge.com/geop...dually-then-suddenly

Lying POS

But his base will buy it sadly

Biden swipes at Trump for 'mismanagement' of the economy: 'We're reducing the Trump deficits'

Biden chastised Trump for his "mismanagement" of the economy.

"We're making real headway cleaning up the fiscal mess I inherited," Biden said.

The deficit is shrinking, but that's largely due to fading stimulus relief from the government.


https://www.yahoo.com/news/bid...onomy-201821864.html

Definitive proof that Biden's press conferences are all a sham. Not that we didn't know this of course...

This was Monday 3/28 at Biden's "press conference" back from Poland. It's all completely scripted!



Biden, 79, uses 'cheat sheets' to answer press questions on his 'unscripted' call for Putin to be ousted in Russia: Rand Paul claims need for cue cards shows 'somebody who's in cognitive decline'

Rep. Gaetz Rips FBI Cyber Director Who Claims He Doesn’t Know Where Hunter Biden’s Laptop Is.

https://thenationalpulse.com/2...den-laptop-location/

The Federal Bureau of Investigation’s Cyber Division Assistant Director revealed the agency is unaware of the location of Hunter Biden’s laptop and failed to assess whether or not the first son’s hard drive – which reveals countless business deals and personal relationships with America’s adversaries – contained information comprising America’s national security.

The revelation came during a line of questioning from Congressman Matt Gaetz, who inquired with the Federal Bureau of Investigation’s (FBI) Bryan Vorndran for details about the laptop of President Joe Biden’s son.

Unearthed emails, texts, and photos from replicas of the original hard drive have revealed Hunter Biden’s business dealings, often involving President Joe Biden, with countries including China and Ukraine.

“I want to know where Hunter Biden’s laptop is. Where is it,” inquired the Florida Congressman.

“I don’t know that answer,” replied Vorndran.

“Has FBI Cyber assessed whether or not Hunter Biden’s laptop could be a point of vulnerability, allowing America’s enemies to hurt our country,” continued Rep. Gaetz before the FBI Cyber Division Assistant Director attempted to explain why such an investigation would not fall under his purview.

“In December 2019, they turned over this laptop to the FBI, and now what you’re telling me right here is that as the Assistant Director of FBI Cyber, you don’t know where this is after it was turned over to you three years ago,” asked Rep. Gaetz, prompting Vorndran to concede, “yes sir, that is an accurate statement.”

The FBI official was also unaware if anyone from the FBI would have answers to the questions posed by Rep. Gaetz.

During the hearing, “contents from, files from, and copies from the Hunter Biden laptop” were also submitted into the Congressional Record by Rep. Gaetz.

The renewed interest in the contents of the President’s son’s laptop come amidst The National Pulse unearthing emails linking Hunter Biden to Ukrainian biological laboratories funded by the U.S. Department of Defense to work on “especially dangerous pathogens.”

That laptop was incinerated an hour after the Stasi…err I mean FBI took possession of it.

It’s gone baby gone.

I'd bet that there is a whole slew of copies of that hard drive floating around though.

I want these traitorous assholes to state that there was nothing on the laptop that was incriminating or indicative to the Biden crime syndicates dirty dealings after they examined and “lost” it. Then I want to see someone come forth with a cloned hard drive that makes them all obvious liars.

If the GOP turned loose of that laptop without first making at least one complete backup of the drive(s), then they're dumber than I even think they are. There should be multiple backup copies of that laptop being held in secure locations as an insurance policy that the corrupt FBI does their job for a change.