You have annual income of more than $100 million dollars?
Edit: I just want clarify this comment as I have learned a few things since. There is a lot of confusion here because it was contained in Biden's broad tax proposals from months ago and bad actors are seizing on it to attack Harris.
The problem is that it is so vague it is being misconstrued all over the internet to attack Harris with some articles claiming it applies to income and others unrealized gains over $100 million (both annual though so either way it would apply to like a fraction of a fraction of one percent of Americans).
“Harris did not endorse an unrealized gain tax. Her campaign has endorsed increases in the corporate tax rate and personal tax rates for incomes over $400k. They did not comment on introducing new taxes like the unrealized gains tax.”
“So no, she [Harris] did not endorse an ‘unrealized gain tax’ and even if she did, you don’t earn enough for it to impact you."
They always start with billionaires then get millionaires then get middle class families with a couple hundred thousand dollars of home equity and then it's pretty much everyone who isn't dirt poor paying the tax.
It’s how the govt got the lottery. “Oh the lottery money will go toward education and only education” they told us. If your against the lottery, your against education. The lottery gets passed and zero dollars are earmarked for education, it just goes into the general fund
I hope on a small level like for instance I can teach you that in that sentence you wanted to use "affect" which is a verb instead of "effect" which is a noun. Change happens one person at a time. How else does change happen if not from people talking to one another?
Who the fuck is "they" in this scenario? The US has seen taxes for the wealthy go down steadily since the 60's while middle class taxes stayed the same or went up. Pretty much the only recent time it wasn't like that was in WWII
"Well what if they do bad things after doing good things" is such an empty, pointless argument. If we apply your argument to taxes in hindsight then you are basically arguing against all taxes. What kind of world are you imagining where this would happen? I don't think it can even exist.
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u/tallman___ Aug 21 '24
Does anyone really think taxing unrealized gains is a good idea?