BW Posted April 3, 2019 Report Share Posted April 3, 2019 Do these people actually think crap like this is a good idea, or is it just more pandering to the stupid... WASHINGTON—The top Democrat on the Senate’s tax-writing committee wants to tax long-term investments like other types of income, raising rates and requiring the wealthiest people to pay taxes on their unrealized gains each year. The plan from Sen. Ron Wyden of Oregon is the latest proposal from Democrats in Congress and on the presidential-campaign trail to boost taxes on the wealthy in a bid to address what they view as the problems of economic inequality and provide a funding stream to pay for new programs. While the specific proposal has little chance to become law anytime soon, such ideas could carry over into policy if the party makes gains in 2020 elections. Unlike plans from Sens. Elizabeth Warren and Bernie Sanders, Wyden’s tax would go after investment income rather than total accumulated wealth or estates that are passed on from wealthy individuals to their heirs. Wyden’s plan would tax the gains on long-term investments annually, rather than when someone decides to sell the asset, as is the case currently. It would also raise the current taxes on capital gains to match the rates on other types of income, such as salaries. An expanded version of this story is available at WSJ.com Link to comment Share on other sites More sharing options...
ErikT Posted April 3, 2019 Report Share Posted April 3, 2019 Listen they do not want to allow people to be successful. Sick f"s they are lichum and DoOver 2 Link to comment Share on other sites More sharing options...
fishnmagician Posted April 3, 2019 Report Share Posted April 3, 2019 I'd have to see the plan. but after 40 years of trickle down economics we now are seeing generational wealth that is avoiding taxation, it is an issue. Eggy 10-13 LAA 7-14 50-50 2-15 Link to comment Share on other sites More sharing options...
BW Posted April 3, 2019 Author Report Share Posted April 3, 2019 Just now, fish'nmagician said: I'd have to see the plan. but after 40 years of trickle down economics we now are seeing generational wealth that is avoiding taxation, it is an issue. So you are in this is "a good idea" camp..??? Link to comment Share on other sites More sharing options...
Sudsy Posted April 3, 2019 Report Share Posted April 3, 2019 There's no such thing as long term gains - until their gained Until it's cashed out it can still be lost - they going to give the tax money they collected back ?? Idiots DMacLeod and DoOver 2 I just wanta play everyday despite small nagging injuries -- and go home to a woman who appreciates how full of crap I truly am. ~ Crash Davis Social Distancing since 1962 Link to comment Share on other sites More sharing options...
BW Posted April 3, 2019 Author Report Share Posted April 3, 2019 1 min ago, Sudsy said: There's no such thing as long term gains - until their gained Until it's cashed out it can still be lost - they going to give the tax money they collected back ?? Idiots Just one glaring problem with this assinine idea.... Link to comment Share on other sites More sharing options...
Markushook Posted April 3, 2019 Report Share Posted April 3, 2019 The good Senator has no issue with taxing those that have more then him. He’s prob worth $45m(no idea) and this plan will affect those worth $50m or more. There is always a catch to eliminate the sponsor of the bill. Link to comment Share on other sites More sharing options...
saltydawg Posted April 3, 2019 Report Share Posted April 3, 2019 4 mins ago, Sudsy said: There's no such thing as long term gains - until their gained That was my first thought...can you imagine government projection tables? - Link to comment Share on other sites More sharing options...
BW Posted April 3, 2019 Author Report Share Posted April 3, 2019 1 min ago, saltydawg said: That was my first thought...can you imagine government projection tables? to be totally fair.....anything held under a year is a short term gain and longer a long term gain weather realized or unrealized....it's just not a taxable event until it is realized... Link to comment Share on other sites More sharing options...
hamlet Posted April 3, 2019 Report Share Posted April 3, 2019 Taxing unrealized gains is the same as taxing the emotions and potential behavior of the future. There are no gains until you convince someone to hand you the cash. I won't tolerate your intolerance, because I hate hate. Link to comment Share on other sites More sharing options...
JimG Posted April 3, 2019 Report Share Posted April 3, 2019 These are ideas for people who are of complete ignorance. You cant tax an artificial value. There are no details to examine as if it is somehow something worth considering. It's stupid. The kind of idea a child would dream up. Link to comment Share on other sites More sharing options...
hamlet Posted April 3, 2019 Report Share Posted April 3, 2019 1 hour ago, JimG said: These are ideas for people who are of complete ignorance. You cant tax an artificial value. There are no details to examine as if it is somehow something worth considering. It's stupid. The kind of idea a child would dream up. If they would agree to return unrealised gains taxes in triplicate when the gains are NOT realized, then we have a new investment strategy. Opportunity costs you know... took my cash as taxes I dont owe and ruined my chance to invest the cash. Guv gotta compensate I won't tolerate your intolerance, because I hate hate. Link to comment Share on other sites More sharing options...
ErikT Posted April 5, 2019 Report Share Posted April 5, 2019 Smart people will succeed no matter what. The new strategy of the Dems is to figure out how to stop the success in its tracks. They’d rather ensure the success of those that don’t work for it and neuter those that do. Wake up magician. You are a foolish human being. WAKE UP!!! Link to comment Share on other sites More sharing options...
charloots Posted April 5, 2019 Report Share Posted April 5, 2019 Shovel-ready gains. Link to comment Share on other sites More sharing options...
ErikT Posted April 5, 2019 Report Share Posted April 5, 2019 (edited) Remember the carrot on the stick? No more stick, just your equal share of the crappy carrot. Magician is just a weak weak horse with no appetite. Edited April 5, 2019 by ErikT Link to comment Share on other sites More sharing options...
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