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even more Biden taxes
#4122316
04/25/24 04:41 PM
04/25/24 04:41 PM
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Joined: Aug 2001
Posts: 64,156
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,156
Luverne, AL
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Biden wants 25% of UNREALIZED gains, along with the 44.6% Capital gains he proposed yesterday.
If they manage to pass this, then everybody will have to find another way to invest or just dont invest at all.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: even more Biden taxes
[Re: Skinny]
#4122384
04/25/24 07:23 PM
04/25/24 07:23 PM
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Joined: Feb 2008
Posts: 12,007
Satsuma
kodiak06
Booner
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Booner
Joined: Feb 2008
Posts: 12,007
Satsuma
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Biden wants 25% of UNREALIZED gains, along with the 44.6% Capital gains he proposed yesterday.
If they manage to pass this, then everybody will have to find another way to invest or just dont invest at all. Mine's in Roth Ira's so I'm good.
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Re: even more Biden taxes
[Re: kodiak06]
#4122428
04/25/24 08:42 PM
04/25/24 08:42 PM
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Joined: Mar 2002
Posts: 4,041
Port St Joe, FL
Moose24
10 point
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10 point
Joined: Mar 2002
Posts: 4,041
Port St Joe, FL
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Biden wants 25% of UNREALIZED gains, along with the 44.6% Capital gains he proposed yesterday.
If they manage to pass this, then everybody will have to find another way to invest or just dont invest at all. Mine's in Roth Ira's so I'm good. So, Roth IRAs are excluded from unrealized gains?
Last edited by Moose24; 04/25/24 08:43 PM.
The Things You Remember in Life aren't Things at all.
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Re: even more Biden taxes
[Re: Skinny]
#4122503
04/26/24 02:42 AM
04/26/24 02:42 AM
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Joined: Aug 2006
Posts: 8,905
Andalusia, Covington County, A...
TexasHuntress
14 point
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14 point
Joined: Aug 2006
Posts: 8,905
Andalusia, Covington County, A...
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How the hell do you get 25% of an unknown? Or does that mean 25% of what is showing as a gain that you aren't taking yet?
If that crap passes, they may find themselves across the FAFO line.
If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh
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Re: even more Biden taxes
[Re: SouthBamaSlayer]
#4122527
04/26/24 06:01 AM
04/26/24 06:01 AM
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Joined: Jun 2017
Posts: 6,370
Alabama
Jakethesnake
The Flippin’ Idiot That Could Care Less
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The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,370
Alabama
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Or, how about we stop giving money to countries that don’t start with USA and have a balanced budget with what money we have coming in….. Yeah that will never happen because they can't skim off the top when they ship Israel a boat load of our tax money. But since the man made bible said to protect Israel, they gladly support it. Religion is the biggest scam in history and this is the perfect example.
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Re: even more Biden taxes
[Re: Skinny]
#4122583
04/26/24 08:16 AM
04/26/24 08:16 AM
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Joined: Mar 2002
Posts: 4,041
Port St Joe, FL
Moose24
10 point
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10 point
Joined: Mar 2002
Posts: 4,041
Port St Joe, FL
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The 25% tax on unrealized gains is for people with over $100 million of wealth. I'm betting none of us fall into that category. One tax that may affect us directly is a capital gains tax on transferred assets to a family when the parents die. I don't know any details on that though.
The Things You Remember in Life aren't Things at all.
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Re: even more Biden taxes
[Re: SwampHunter]
#4122590
04/26/24 08:28 AM
04/26/24 08:28 AM
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Joined: Sep 2014
Posts: 8,129
Moundville, Al
SuperSpike
40 Year Old Bowhunting Virgin
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40 Year Old Bowhunting Virgin
Joined: Sep 2014
Posts: 8,129
Moundville, Al
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At some point they will push the citizens far enough that the country is retaken with violence. One would hope so but this country is made up of pansies now and we don’t have the stomach for it.
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Re: even more Biden taxes
[Re: SuperSpike]
#4122612
04/26/24 09:19 AM
04/26/24 09:19 AM
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Joined: Feb 2008
Posts: 12,007
Satsuma
kodiak06
Booner
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Booner
Joined: Feb 2008
Posts: 12,007
Satsuma
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At some point they will push the citizens far enough that the country is retaken with violence. One would hope so but this country is made up of pansies now and we don’t have the stomach for it. I think they have the stomach for protesting/violence if pushed to the edge BUT, 99% won't take a day off work to rally and show numbers on a state capitols steps so, it's really not that important to them IMO.
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Re: even more Biden taxes
[Re: DryFire]
#4122620
04/26/24 09:27 AM
04/26/24 09:27 AM
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Joined: Aug 2001
Posts: 64,156
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,156
Luverne, AL
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We already pay the state of Alabama a tax on unrealized gains. It is called the property tax. Correct. And that is the excuse that they are using for a tax on unrealized investment gains.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: even more Biden taxes
[Re: kodiak06]
#4122625
04/26/24 09:53 AM
04/26/24 09:53 AM
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Joined: Feb 2007
Posts: 19,006
colbert county
cartervj
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2007
Posts: 19,006
colbert county
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At some point they will push the citizens far enough that the country is retaken with violence. One would hope so but this country is made up of pansies now and we don’t have the stomach for it. I think they have the stomach for protesting/violence if pushed to the edge BUT, 99% won't take a day off work to rally and show numbers on a state capitols steps so, it's really not that important to them IMO.
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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