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If you buy STOCKS you aren't gonna be happy with Dems new plan to pay for BBB

HJCane

HJCane

SuperCane
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Jun 2, 2007
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The morons on Capital Hill on the left have come up with their latest money grab to pay for their nonsense bill.

You buy a stock and it appreciates in value. You haven't sold it but they tax it anyway. You have realized no GAIN it just increased in value in your account.

If it goes down the next day too bad..............

This should be great for the Capital markets.
 
As the need grows to pay for out of control spending they will get more and more aggressive to find ways to bring in money.

You will go from being viewed as a dairy cow to eventually being seen as a beef cow.
 
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dolcane said:
As the need grows to pay for out of control spending grows and grows they will get more and more aggressive to find ways to bring in money.

You will go from being viewed as a dairy cow to eventually being seen as a beef cow.
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They are saying on Billionaires but that won't scratch the surface of paying 2-3 Trillion
 
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HJCane said:
They are saying on Billionaires but that won't scratch the surface of paying 2-3 Trillion
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According to worldpopulationreview.com, whatever the hell that is, we have 614 Billionaires in the US with a total net worth of 2.95 Trillion. If sleepy just taps this group for everything they got, we're golden!
 
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HJCane said:
The morons on Capital Hill on the left have come up with their latest money grab to pay for their nonsense bill.

You buy a stock and it appreciates in value. You haven't sold it but they tax it anyway. You have realized no GAIN it just increased in value in your account.

If it goes down the next day too bad..............

This should be great for the Capital markets.
Click to expand...
Nothing new, it's always been done that way!
 
HJCane said:
They are saying on Billionaires but that won't scratch the surface of paying 2-3 Trillion
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Their model has been well documented in various kleptocracies around the globe. Start with the rich, and then expand the parameters. As the need for cash grows more severe, so will the tactics.
The model for taking control of private retirement accounts is already there.

God help us if the interest rate on Sovereign debt returns to or above 4%.
 
HJCane said:
The morons on Capital Hill on the left have come up with their latest money grab to pay for their nonsense bill.

You buy a stock and it appreciates in value. You haven't sold it but they tax it anyway. You have realized no GAIN it just increased in value in your account.

If it goes down the next day too bad..............

This should be great for the Capital markets.
Click to expand...
You have to pay taxes on dividends even if you don't sell the stock.
 
HJCane said:
The morons on Capital Hill on the left have come up with their latest money grab to pay for their nonsense bill.

You buy a stock and it appreciates in value. You haven't sold it but they tax it anyway. You have realized no GAIN it just increased in value in your account.

If it goes down the next day too bad..............

This should be great for the Capital markets.
Click to expand...
The tax proposals primarily affect corporations and the wealthy.
 
miamimike said:
I pay taxes on dividend earnings.
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That is NOT what they are contemplating. They are talking about UNREALIZED capital gains. i.e., you have a mutual fund portfolio. The stock prices / valuation increases due to market gains by $20,000 for a quarter. Even though you haven't SOLD THE FUND and have not realized the gain .. they are proposing to tax THAT GAIN .. which could totally disappear the next quarter. Next they could propose to do the same with real estate. You own a home that you paid $300,000 for. Based on a MARKET EVALUATION 5 years later it might be worth $400,000. Under the same concept as what is being floated on Investment Unrealized Gain Taxes .. that $100,000 incremental home asset value could be looked at as a capital gain. Ridiculous. But that's Biden.
 
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289fia said:
That is NOT what they are contemplating. They are talking about UNREALIZED capital gains. i.e., you have a mutual fund portfolio. The stock prices / valuation increases due to market gains by $20,000 for a quarter. Even though you haven't SOLD THE FUND and have not realized the gain .. they are proposing to tax THAT GAIN .. which could totally disappear the next quarter. Next they could propose to do the same with real estate. You own a home that you paid $300,000 for. Based on a MARKET EVALUATION 5 years later it might be worth $400,000. Under the same concept as what is being floated on Investment Unrealized Gain Taxes .. that $100,000 incremental home asset value could be looked at as a capital gain. Ridiculous. But that's Biden.
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Yeah, I thought it was obvious they weren’t talking about dividends. This guy needs to work on comprehension.
 
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289fia said:
Add this nonsense to the $.08 per MILE road use tax (on a car getting 20 mpg .. that is $1.60 per gallon of gas you use). The man and the "financial advisors" in the democratic party are totally insane.
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Particularly when you consider the fact the there is already (heavy) taxes included in the price of a gallon of gas. Double dipping.
 
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289fia said:
That is NOT what they are contemplating. They are talking about UNREALIZED capital gains. i.e., you have a mutual fund portfolio. The stock prices / valuation increases due to market gains by $20,000 for a quarter. Even though you haven't SOLD THE FUND and have not realized the gain .. they are proposing to tax THAT GAIN .. which could totally disappear the next quarter. Next they could propose to do the same with real estate. You own a home that you paid $300,000 for. Based on a MARKET EVALUATION 5 years later it might be worth $400,000. Under the same concept as what is being floated on Investment Unrealized Gain Taxes .. that $100,000 incremental home asset value could be looked at as a capital gain. Ridiculous. But that's Biden.
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That's Democrats.
 
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HJCane said:
That's called passive ordinary income not a capital gain. Mike come back after you've taken some accounting classes.
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My days of taking economy or accounting classes are long past and I'm really not that interested. I spend my free time researching stocks and all my funds are invested in the market. My accounts are doing fine so accounting classes must not be critical to investing success.
 
miamimike said:
My days of taking economy or accounting classes are long past and I'm really not that interested. I spend my free time researching stocks and all my funds are invested in the market. My accounts are doing fine so accounting classes must not be critical to investing success.
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Might want to rethink that because you are taxed at different rates.
 
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miamimike said:
My days of taking economy or accounting classes are long past and I'm really not that interested. I spend my free time researching stocks and all my funds are invested in the market. My accounts are doing fine so accounting classes must not be critical to investing success.
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This fool probably had a 10% return last year and thought was good. What an idiot.
 
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miamimike said:
You are one of the most ignorant posters on this board. Crawl back into the woodwork with the rest of the roaches!
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Ah so it was 5% returns, even better you might want to go back and try to learn some more. If you need some advice let me know. I'll help you get up to 25% every year. Hope you enjoy that extra 5.9% of social security, you're going to need it.

 
Right wingers always post incorrect crap. My understanding is this increase will only impact billionaires. Too often these people don't have earned income or report very little to avoid paying taxes. Americans with $1 billion in wealth or those earning $100 million annually for 3 consecutive years could face a yearly tax on asset growth such as stocks and bonds, regardless of when they sell. There are roughly 700 billionaires in the US. Also the proposed bill is $1.75 trillion not $2 - 3 trillion as someone incorrectly posted.

Right wingers didn't have a problem in approving Trump's tax cut which benefitted the rich and corporations and was not paid for.
 
miamimike said:
My days of taking economy or accounting classes are long past and I'm really not that interested. I spend my free time researching stocks and all my funds are invested in the market. My accounts are doing fine so accounting classes must not be critical to investing success.
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So instead of admitting you’re wrong you deflect and say you don’t care? You’ll care if this plan passes and you start paying rides on stocks you haven’t even sold yet. Typical liberal dug in not knowing the consequences of their vote.
 
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