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Democrat Party Plans to Tax UNREALIZED Capital Gains

oregonblitzkriegoregonblitzkrieg Member Posts: 15,288
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
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Comments

  • creepycougcreepycoug Member Posts: 23,010

    Even money you haven't made yet belongs to the government

    Do you get a refund if the investment tanks

    Rhetorical

    But shouldn't be.

    This would be the most stupid fucking policy ever. I can't even imagine the intellectual basis for taxing something that in theory has made you money.
  • ThomasFremontThomasFremont Member Posts: 13,325
    Only Oregon could spawn such a brilliant idea...
  • PurpleThrobberPurpleThrobber Member Posts: 43,699 Standard Supporter
    The next question is "what new programs" are to be funded with this fantasy windfall?

    We can't even fix the shit we have right now -and they want 'new' programs?

  • PurpleThrobberPurpleThrobber Member Posts: 43,699 Standard Supporter

    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

    They polled college students and they overwhelmingly think this is a great idea. So they settles it.
    OK! Milly!
  • SFGbobSFGbob Member Posts: 31,966
    edited November 2019

    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

    They polled college students and they overwhelmingly think this is a great idea. So that settles it.
    That's because they've been educated on how wonderful Communism is while you were busying being spoon-fed propaganda about gulags and mass starvation and re-education camps.
  • Pitchfork51Pitchfork51 Member Posts: 26,861

    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

    They polled college students and they overwhelmingly think this is a great idea. So that settles it.
    Case closed

    Problem solved!!
  • oregonblitzkriegoregonblitzkrieg Member Posts: 15,288

    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

    They polled college students and they overwhelmingly think this is a great idea. So that settles it.
    Case closed

    Problem solved!!
    It worked when our players voted in Cristobal.
  • HHuskyHHusky Member Posts: 20,451
    I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.
  • MikeDamoneMikeDamone Member Posts: 37,781
    HHusky said:

    I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.

    Except the communism discussion started in a different thread. But good effort, good job.
  • SFGbobSFGbob Member Posts: 31,966
    HHusky said:

    I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.

    Stage Direction:

    Pettyfogger enters stage left with head planted firmly up his ass.
  • HHuskyHHusky Member Posts: 20,451

    HHusky said:

    I see the TugCons are all fired up about Communism again because someone floated a tax proposal. This is a silly place.

    Except the communism discussion started in a different thread. But good effort, good job.
    It continued here, Madam.
  • Pitchfork51Pitchfork51 Member Posts: 26,861
    edited November 2019

    I’m sure they will give it back if the investment turns into a loss....

    Investing is for the white patriarchy and must be abolished.


    You know what religious economy doesn't allow investing?
    The most feminist and equality based of all!
  • PurpleThrobberPurpleThrobber Member Posts: 43,699 Standard Supporter
    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.

  • oregonblitzkriegoregonblitzkrieg Member Posts: 15,288

    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.

    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.
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