It’s only if you’re worth more than $100 million lol
August 29, 2024
It’s only if you’re worth more than $100 million lol
https://i.redd.it/7m3opyyfjnld1.png
by IAmAccutane
13 comments
When the income tax was introduced it was only for the top 3%. Anything introduced will eventually hit everyone. It’s basically just an open beta to see how it works mechanically before screwing everyone.
Because as we all know, companies are well known for simply accepting taxes and not trying to recuperate the new cost at the customer’s expense
Unrealized gain tax is bullshit.
So if they tax unrealized capital gains are the going to give a refund if the price drops in half?
The government could ‘confiscate’ all wealth from all $Billionaires and it would not put a dent in the national debt.
And even then the tax is only if most of your assets are tied up. A lot of the money the wealthy get is borrowing against their assets so it’s essentially income
I don’t care who it affects. Unrealized gains taxes shouldn’t be a thing. No actually money is being exchanged to be taxed
If I had $100M in unrealized gains, I would leave the USA rather than pay a $25M tax every year.
Even if I had $1M and was looking at a $250K/yr tax, I’d be planning my departure.
I would recommend that the government figure out how to collect the many taxes that are already avoided by loopholes before creating new taxes.
Fox News viewers are easily distracted and confused by corporate propaganda.
According to the government all taxes only affect the rich. According to the rich… they’re still laughing… let’s wait till they are finished and ask them.
Still waiting. Their entire accounting firm is now rolling in the floor laughing.
To be fair Franky Muniz might be worth 100M
I have a bunch the rich folks have a ace up their sleeves and this will only end up backfiring
If history is any indication rich folks are 5 steps ahead of everyone else.
13 comments
When the income tax was introduced it was only for the top 3%. Anything introduced will eventually hit everyone. It’s basically just an open beta to see how it works mechanically before screwing everyone.
Because as we all know, companies are well known for simply accepting taxes and not trying to recuperate the new cost at the customer’s expense
Unrealized gain tax is bullshit.
So if they tax unrealized capital gains are the going to give a refund if the price drops in half?
The government could ‘confiscate’ all wealth from all $Billionaires and it would not put a dent in the national debt.
And even then the tax is only if most of your assets are tied up. A lot of the money the wealthy get is borrowing against their assets so it’s essentially income
I don’t care who it affects. Unrealized gains taxes shouldn’t be a thing. No actually money is being exchanged to be taxed
If I had $100M in unrealized gains, I would leave the USA rather than pay a $25M tax every year.
Even if I had $1M and was looking at a $250K/yr tax, I’d be planning my departure.
I would recommend that the government figure out how to collect the many taxes that are already avoided by loopholes before creating new taxes.
Fox News viewers are easily distracted and confused by corporate propaganda.
According to the government all taxes only affect the rich. According to the rich… they’re still laughing… let’s wait till they are finished and ask them.
Still waiting. Their entire accounting firm is now rolling in the floor laughing.
To be fair Franky Muniz might be worth 100M
I have a bunch the rich folks have a ace up their sleeves and this will only end up backfiring
If history is any indication rich folks are 5 steps ahead of everyone else.