Please explain what "unrealized capital gains" are.
I know what capital gains are, but prefixing it with "unrealized" could mean anything. Please elaborate if you know.
Edit: Someone else described it as capital gains that you haven't cashed out yet. In other words, you still own the stock and haven't sold yet to actually receive your gain.
It's basically the commie understanding of the stock market. A billionaire with a net worth of 50 billion $ holds a lot of stock. Yellen wants to tax the gains in the 50 billion $ right now and not when the stock is sold.
It's a very evil concept. Stock market gains that were made over time (sometimes decades) would be taxed now. A giant amount of money for the Dems to spend on all their pet projects.
A lot of the Keynesian economists want to invent new taxes to create their commie wonderland. This approach is a little bit different because the timing of the taxes is changed.
"tank the entire market" is an understatement. This allows foreign investors to obtain a lot of control (what they usually wouldn't get) of big corporations.
Yeah, its like if you have a house. You paid $1000 for it. but an appraiser now says it is worth $10,000. You have not sold it, so you don't have the money. But you now owe tax on 10k. Its fucking stupid. (this is actually how property tax works in most places)
Now lets say you pay tax on that for 10 years. Then you ACTUALLY go to sell it due to job joss and you need to move. But the market is shit, so you only get $1500. You don't get your money back.
This is actually one of the few things California got right is they lock in property taxes or else grandmas would live on the street.
I am using property taxes as an analogy for stocks/bonds/...
Everyone agrees this is stupid for stocks, but we do it for real-estate. I even couldn't get conservatives to see that it is the same. BUHT BUHT YOU GET MOAR MONEY LATER... Oh rly? you sure? ever heard of the housing boom and bust?
Please explain what "unrealized capital gains" are.
I know what capital gains are, but prefixing it with "unrealized" could mean anything. Please elaborate if you know.
Edit: Someone else described it as capital gains that you haven't cashed out yet. In other words, you still own the stock and haven't sold yet to actually receive your gain.
It's basically the commie understanding of the stock market. A billionaire with a net worth of 50 billion $ holds a lot of stock. Yellen wants to tax the gains in the 50 billion $ right now and not when the stock is sold.
It's a very evil concept. Stock market gains that were made over time (sometimes decades) would be taxed now. A giant amount of money for the Dems to spend on all their pet projects. A lot of the Keynesian economists want to invent new taxes to create their commie wonderland. This approach is a little bit different because the timing of the taxes is changed.
"tank the entire market" is an understatement. This allows foreign investors to obtain a lot of control (what they usually wouldn't get) of big corporations.
Yeah, its like if you have a house. You paid $1000 for it. but an appraiser now says it is worth $10,000. You have not sold it, so you don't have the money. But you now owe tax on 10k. Its fucking stupid. (this is actually how property tax works in most places)
Now lets say you pay tax on that for 10 years. Then you ACTUALLY go to sell it due to job joss and you need to move. But the market is shit, so you only get $1500. You don't get your money back.
This is actually one of the few things California got right is they lock in property taxes or else grandmas would live on the street.
I am using property taxes as an analogy for stocks/bonds/...
Everyone agrees this is stupid for stocks, but we do it for real-estate. I even couldn't get conservatives to see that it is the same. BUHT BUHT YOU GET MOAR MONEY LATER... Oh rly? you sure? ever heard of the housing boom and bust?
https://www.investopedia.com/terms/u/unrealizedgain.asp
It means if you own Twitter stock and one day it goes up, you have to pay taxes on it.
Than when it goes down you are fucked. Than when it goes up, you have to pay taxes again.