well-temperedforum.groupee.net    The Well-Tempered Forum  Hop To Forum Categories  Off Key    Taxing unrealized capital gains

Moderators: QuirtEvans, pianojuggler, wtg
Go
New
Find
Notify
Tools
Reply
  
Taxing unrealized capital gains
 Login/Join
 
Minor Deity
Picture of Jack Frost
posted 26 September 2024 10:22 AM
I will certainly vote for Kamala over Trump but I can’t say her tax proposal is a good thing

[url=https://www.forbes.com/sites/robertwood
/2024/08/29/kamala-harris-plan-to-tax-unrealized-capital-gain-is-scary-heres-why/]https://www.forbes.com/sites/r...-is-scary-heres-why/[/url]


--------------------------------
Be calm, be brave, it'll be okay.

 
Posts: 17742 | Location: Maine | Registered: 20 April 2005Reply With QuoteReport This Post
Gadfly
Picture of Lisa
posted 26 September 2024 11:18 AMHide Post
Seems like a convoluted way to make sure billionaires are paying their fair share, but I can't say my heart is exactly bleeding for households with 100 million net worth.

I totally support the idea of trying to make sure households that use these loopholes to avoid tax are still paying a fair share of tax. But I do see his point that trying to value everything (especially when stock values change by the second!) would be a nightmare. And I'm sure the uber-rich would just find a new way to cheat the valuation system.

A more straightforward way of taxing the crap out of excess income would be better I think. But I don't know what that would be....good thing I'm not running for president.
 
Posts: 4422 | Location: Suburban Philly, PA | Registered: 30 April 2005Reply With QuoteReport This Post
Minor Deity
Picture of Axtremus
posted 26 September 2024 12:52 PMHide Post
If I read this right, it should just be a matter of timing, because whatever taxes paid on unrealized capital gains will be credited back to the taxpayer when the capital gains are realized. Will make taxes more complicated for those impacted, but not a "fairness" issue.


--------------------------------
www.PianoRecital.org -- my piano recordings -- China Tune album

 
Posts: 12733 | Registered: 01 December 2006Reply With QuoteReport This Post
Minor Deity
Picture of Jack Frost
posted 02 December 2024 10:01 AMHide Post
quote:
Originally posted by Axtremus:
If I read this right, it should just be a matter of timing, because whatever taxes paid on unrealized capital gains will be credited back to the taxpayer when the capital gains are realized. Will make taxes more complicated for those impacted, but not a "fairness" issue.


What, then, about unrealized capital losses?


J


--------------------------------
Be calm, be brave, it'll be okay.

 
Posts: 17742 | Location: Maine | Registered: 20 April 2005Reply With QuoteReport This Post
Minor Deity
Picture of Mikhailoh
posted 11 December 2024 01:16 PMHide Post
The unrealized losses is one factor. Another, and I think more important, is that once it is established as a source of revenue the threshold will get ever lower. At some point it will become detrimental to the market.


--------------------------------
"A mob is a place where people go to get away from their conscience" Atticus Finch

 
Posts: 13650 | Registered: 20 April 2005Reply With QuoteReport This Post
  Powered by Social Strata  
 

    well-temperedforum.groupee.net    The Well-Tempered Forum  Hop To Forum Categories  Off Key    Taxing unrealized capital gains