They also want to increase the capital gains tax. That would be all the beautiful dollars people make after they sell the stocks and get the cash.
By the way, all the money that you used to purchase the stocks in the first place was already taxed as part of your income tax. These people are crooks.
I would sarcastically say, "thank the liberal retards that voted these people in," but no one actually voted for these cheating, lying fucks.
So if you have 10 stocks at $10 each they tax you as if you had $100, but if you sell off your stocks all at once you get less than $100 out because the price goes down as you sell them off.
This is not insignificant because everyone's going to be selling their assets come tax time to pay the piper.
Leave it to government to come up with more policies that make absolutely no sense in practice.
Also, where have I heard that one before?
Ummm... maybe Beanie Boy? I can't remember anymore. Doesn't change the fact it's true.