Democrat Party Plans to Tax UNREALIZED Capital Gains
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Case closedMikeDamone said:
They polled college students and they overwhelmingly think this is a great idea. So that settles it.oregonblitzkrieg said: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 everyone 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.
https://marketwatch.com/story/top-senate-democrat-proposes-tax-on-unrealized-gains-for-the-wealthy-2019-04-02
Problem solved!! -
It worked when our players voted in Cristobal.Pitchfork51 said:
Case closedMikeDamone said:
They polled college students and they overwhelmingly think this is a great idea. So that settles it.oregonblitzkrieg said: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 everyone 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.
https://marketwatch.com/story/top-senate-democrat-proposes-tax-on-unrealized-gains-for-the-wealthy-2019-04-02
Problem solved!! -
I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.
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Except the communism discussion started in a different thread. But good effort, good job.HHusky said:I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.
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Stage Direction:HHusky said:I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.
Pettyfogger enters stage left with head planted firmly up his ass. -
I’m sure they will give it back if the investment turns into a loss....
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It continued here, Madam.MikeDamone said:
Except the communism discussion started in a different thread. But good effort, good job.HHusky said:I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.
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Investing is for the white patriarchy and must be abolished.MikeDamone said:I’m sure they will give it back if the investment turns into a loss....
You know what religious economy doesn't allow investing?
The most feminist and equality based of all! -
Honest to god, the NW is fucked.
Oregon used to have Mark Hatfield and Washington had Scoop and Maggie.
Now it's fucking Ron Wyden and the two vaginas.
Fuck.
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Oregon tried to remove the piece of shit that is the current governor, but the GOP was too incompetent to get it done. Two separate recall petitions instead of one. Consequently, both got close but both failed to gather enough signatures. Doesn't take a rocket scientist to see that having two recall petitions circulating for the same purpose would confuse a lot of people, a lot of people ended up signing one and not the other. Makes me think one of the recall efforts was probably a fraudulent attempt by democrats to sow confusion and derail the effort.PurpleThrobber said:Honest to god, the NW is fucked.
Oregon used to have Mark Hatfield and Washington had Scoop and Maggie.
Now it's fucking Ron Wyden and the two vaginas.
Fuck.
