Platinum Contributing Member Highmark Posted April 4, 2019 Platinum Contributing Member Share Posted April 4, 2019 Jesus they never stop. https://www.foxbusiness.com/financials/key-democrat-pushes-new-tax-on-wealthy-targeting-unrealized-capital-gains Oregon DemocraticOpens a New Window. Sen. Ron Wyden, a ranking member on the influential Senate Finance Committee, announced this week he is developing a new way to tax the wealthy – aimed at overhauling the capital gains taxOpens a New Window. structure. Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 4, 2019 Share Posted April 4, 2019 I can guarantee that this will somehow put a big tax on the middle class. Fucking pieces of shit that can't just leave other people's money alone Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 4, 2019 Share Posted April 4, 2019 Well only the wealthy have unrealized capital gains. Quote Link to comment Share on other sites More sharing options...
F3600 Posted April 4, 2019 Share Posted April 4, 2019 Sign me up for the unrealized capital losses deduction! Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 4, 2019 Share Posted April 4, 2019 3 minutes ago, F3600 said: Sign me up for the unrealized capital losses deduction! That's a good one. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 4, 2019 Share Posted April 4, 2019 The Liberals did that with moving assets classes that didn't trigger sells prior to them getting elected. Desperate measures for a desperate government. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 4, 2019 Author Platinum Contributing Member Share Posted April 4, 2019 (edited) 11 minutes ago, ArcticCrusher said: Well only the wealthy have unrealized capital gains. That's who they think they will target. Best part is they don't want to go after just liquid assets of known gains like stocks. Imagine the shit show of property appraisals, small business appraisals etc....etc.... Edited April 4, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 4, 2019 Share Posted April 4, 2019 5 minutes ago, Highmark said: That's who they think they will target. Best part is they don't want to go after just liquid assets of known gains like stocks. Imagine the shit show of property appraisals, small business appraisals etc....etc.... Then they're the shitheads who want to treat capital gains like regular income. Fucking betas. Quote Link to comment Share on other sites More sharing options...
Rod Posted April 4, 2019 Share Posted April 4, 2019 How the fuck can unrealized capital gains be taxed. That makes zero sense. Until the asset is sold the value of the asset is simply an educated guess. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 4, 2019 Author Platinum Contributing Member Share Posted April 4, 2019 Just now, DUMPY said: How the fuck can unrealized capital gains be taxed. That makes zero sense. Until the asset is sold the value of the asset is simply an educated guess. More money for the lawyers. That's half what this is about. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted April 4, 2019 Share Posted April 4, 2019 2 minutes ago, DUMPY said: How the fuck can unrealized capital gains be taxed. That makes zero sense. Until the asset is sold the value of the asset is simply an educated guess. Dumborats will always find creative, nut job ways to tax anything. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 2 minutes ago, DUMPY said: How the fuck can unrealized capital gains be taxed. That makes zero sense. Until the asset is sold the value of the asset is simply an educated guess. Not necessarily so, the value of the asset can, at a point in time be determined, and that could be taxed as gains with it's value at that time. Neal Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 4, 2019 Share Posted April 4, 2019 (edited) 9 minutes ago, NaturallyAspirated said: Not necessarily so, the value of the asset can, at a point in time be determined, and that could be taxed as gains with it's value at that time. Neal What about losses? That can be calculated the same way. All this will do is make taxes even more complicated.....I thought we all were in agreement to try and make it less complicated? Edited April 4, 2019 by racer254 Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 2 minutes ago, racer254 said: What about losses? That can be calculated the same way. What about them? Indeed it can. Neal Quote Link to comment Share on other sites More sharing options...
Anler Posted April 4, 2019 Share Posted April 4, 2019 Got illegal wars to pay for. That shit ain't free. Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 4, 2019 Share Posted April 4, 2019 Just now, NaturallyAspirated said: What about them? Indeed it can. Neal And when the "wealthy" start claiming losses and big returns, then the politicians can keep up the class divide and then will have another "job" to do. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 Just now, racer254 said: And when the "wealthy" start claiming losses and big returns, then the politicians can keep up the class divide and then will have another "job" to do. Sure. Taxes will only ever divide. We just have to manage where and how deep we wish the divides to be. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted April 4, 2019 Share Posted April 4, 2019 12 minutes ago, NaturallyAspirated said: Not necessarily so, the value of the asset can, at a point in time be determined, and that could be taxed as gains with it's value at that time. Neal It’s still just a guess, and there’s no actual cash involved. Until there’s cash involved you have no cash to pay the taxes on the cash. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 1 minute ago, DUMPY said: It’s still just a guess, and there’s no actual cash involved. Until there’s cash involved you have no cash to pay the taxes on the cash. No, it's a calculation based on conditions at the point in time. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted April 4, 2019 Share Posted April 4, 2019 Just now, NaturallyAspirated said: No, it's a calculation based on conditions at the point in time. Neal Yes a guess. It’s not a real value until it’s sold. There is zero actual money involved. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 Just now, DUMPY said: Yes a guess. It’s not a real value until it’s sold. There is zero actual money involved. It isn't a guess, it's a calculation of value. An exchange of physical money isn't the base for the calculation. The valuation of your asset is. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted April 4, 2019 Share Posted April 4, 2019 1 minute ago, NaturallyAspirated said: It isn't a guess, it's a calculation of value. An exchange of physical money isn't the base for the calculation. The valuation of your asset is. Neal It’s a guess. The valuation of an asset is not money until it’s exchanged for money, therefore it cannot be taxed. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2019 Share Posted April 4, 2019 5 minutes ago, DUMPY said: It’s a guess. The valuation of an asset is not money until it’s exchanged for money, therefore it cannot be taxed. Well, you can continue to be flat out wrong if you want. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted April 4, 2019 Share Posted April 4, 2019 Just now, NaturallyAspirated said: Well, you can continue to be flat out wrong if you want. Neal You can, cause that’s what you’re doing right now Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted April 4, 2019 Share Posted April 4, 2019 1 hour ago, Highmark said: Jesus they never stop. https://www.foxbusiness.com/financials/key-democrat-pushes-new-tax-on-wealthy-targeting-unrealized-capital-gains Oregon DemocraticOpens a New Window. Sen. Ron Wyden, a ranking member on the influential Senate Finance Committee, announced this week he is developing a new way to tax the wealthy – aimed at overhauling the capital gains taxOpens a New Window. structure. It doesn't have a snowballs chance in hell of happening, it's just as idiotic of a conversation as is the talk of shutting down the border. 1 hour ago, racer254 said: I can guarantee that this will somehow put a big tax on the middle class. Fucking pieces of shit that can't just leave other people's money alone I like how you worry about shit that won't have one iota of making any difference in your life Quote The Congressional Budget Office has estimated that more than 90 percent of the benefits from the reduced capital gains rate accrue to households in the highest income quintile. https://www.foxbusiness.com/financials/key-democrat-pushes-new-tax-on-wealthy-targeting-unrealized-capital-gains Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.