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POTUS_DonnieJ 69 points ago +69 / -0

The other scary thing about the unrealized gains tax is that if you don’t take the profits and the following year the stock goes down, you now paid taxes on gains you never had, and the government obviously won’t refund you.

Imagine buying $5k worth of stock. By the end of the year it turns into $10k, but you don’t sell. You’re taxed on the $5k worth of unrealized gains. The following year, your portfolio value drops to $7k, and you sell. So now you only made $2k, already paid taxes on $5k, and chances are, will be charged capital gains on those $2k of realized profit.

Fuck Yellen, and Fuck Joe Biden.

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The_kool_mom 40 points ago +40 / -0

Even better, what if the value of your house doubles and you can't afford the tax hike? Guess some Real Estate NGO will have to take over your house. You'll own nothing, and be happy! UNLESS WE STOP COMPLYING

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BigIronBigIron 15 points ago +15 / -0

Real Estate NGO

Free third world refugees for everybody!

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caKAG 5 points ago +5 / -0

And you still pay property tax for owning a home, which goes up as the value of the home increases, so technically you are taxed on unrealized gains.

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deleted 3 points ago +3 / -0
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thunderpussy 23 points ago +23 / -0

And with the Fed able to inflate the money supply at will, that means that they can basically inflate unrealized gains (and thus the tax you would owe) at will, as well.

These people are beyond evil.

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pjr107 6 points ago +6 / -0

Or there is a house he bought for 85k and it's valued at 190k. I know a guy

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Poogletti 2 points ago +2 / -0

If it works like realized gains, I’d imagine you could carry back the $3k “loss” to the prior year’s unrealized gain, but what average person wants to mess with all of that? Tax law in the US is convoluted enough as it is.

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TDS_Consultant 1 point ago +1 / -0

To add insult to injury, these taxes are based on nominal values and not real value. So if you have an asset with an actual value that is less than or equal to inflation then you will be forced to pay taxes on a profit that was actually a loss. It's part of their program to incentivize owning nothing. Then only those close to the money printer can afford to own hard assets. This makes domination and complete control easier than ever!

These people are literally declaring war on the individual

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Hydroxymectin 38 points ago +38 / -0

You will own nothing and you will be happy.

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thunderpussy 23 points ago +23 / -0

How about we give them helicopter rides instead, and I will keep what I own.....works for me.

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JamesBond007 [S] 16 points ago +16 / -0

THEY will own nothing and I’ll be happy

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deleted 5 points ago +8 / -3
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Dpop 28 points ago +28 / -0

Yellen is a communist , witch, bitch.... she needs to die already

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thunderpussy 15 points ago +15 / -0

Evil doesn't die so easily, apparently....harpies seem to last forever.

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HanginChad 6 points ago +6 / -0

They all need to.

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SRKTiberious 4 points ago +4 / -0

See: Yellen's Early Life section.

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Comanche 26 points ago +26 / -0

Shouldn’t this dumb old bitch be playing bingo

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thunderpussy 13 points ago +13 / -0

I wish she was playing the main attraction at the nearest funeral home.....

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bobobob 4 points ago +4 / -0

She's a moron who would cause the market to fall everytime she opened her stupid mouth as Obama's Fed Chair. Of course Biden had to pick her for Treasury Secretary.

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BasedITGuy 18 points ago +18 / -0

They are systematically and purposefully attempting to end the United States. This is, by far, the dumbest fucking thing I've heard of. If I haven't realized it, I don't actually fucking have it.

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ModelMinority 17 points ago +17 / -0

Already, the forced removal of property, a beacon of communism, is happening.

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njb425 16 points ago +17 / -1

why do you need to finance something that doesnt cost anything?

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HotChicken 14 points ago +14 / -0

these people and their voters need to hang ALL OF THEM

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DarkEyedJunko 12 points ago +12 / -0

Just another judeo-bolshevik retard. ... Marxist Scum !!

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gottawinwinwin 11 points ago +11 / -0

Sometimes showing people means rubbing their nose in their own dog shit.

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SaltiTaralli 9 points ago +9 / -0

I have a friend I've known for over thirty years. She's a lifelong Dem and happily voted for Biden to get Trump out. She's got a touch of TDS. I just keep sending her links to shit and memes, usually with a little commentary. I just sent her this and told her to save money for her tax bill. She hasn't responded to me since Nov 2020. 😂😁😂

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deleted 5 points ago +5 / -0
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deleted 10 points ago +10 / -0
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Tenspot20 9 points ago +9 / -0

"But how will she know how many Bitcoins I am really holding?"

Trezor™ - Fuck The Government

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ForsakenForeskin 7 points ago +7 / -0

Then they lie and say it cost $0. These communists only know two things, lies and violence. It’s kill or be killed but our side doesn’t know it yet. Always goes this way with communism and now it’s on a global scale.

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Ez_mac 7 points ago +7 / -0

How’s many trans hires are in this fake administration?

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IAmDisappoint 6 points ago +6 / -0

How about this, we run a pilot on members of congress that voted for this, for a few years, then see how effective it is.

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Otoko18 4 points ago +4 / -0

Welp, this is it boys! If this comes to pass, and my fam gets threaten with eviction/foreclosure on our house, we'll ligid start going Danny DeVito on they asses!!!!!

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SRKTiberious 3 points ago +3 / -0

zOY VEY ITSANUDDAH SHOASES!!1!!1!!!1!1111!

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sixfingerdildo 4 points ago +4 / -0

hmm. i wonder if this will cause a stampede to exit real estate... right into the arms of the "investment banks".

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Punisher 4 points ago +4 / -0

NEWS AT ELEVAN !!! Boating accidents up 20000% tune in for the next segment to find out how this local man survived and hear his harrowing tale.

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TURNITBACKONTHEM2 4 points ago +4 / -0

Wait why do we need to fund something that costs ZERO dollars?

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KatG6 3 points ago +3 / -0

So what do we do about it?

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JamesBond007 [S] 1 point ago +1 / -0

That’s a question each of us has to answer as long as expressing your opinion on an open forum can get you swept into jail by The State and their Brownshirt FBI plants here

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KatG6 2 points ago +2 / -0

there's no group fund for someone fighting it through the courts? its very obviously unconstitutional, but then again post constitutional democracy =/

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Abovethefray 3 points ago +3 / -0

They will gleefully steal everything we have worked for and destroy our families lives if we allow them to.

Like that old cow doesn't have enough filthy money already. Biden also.

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IM_A_TRIVIAL_PURSUIT 3 points ago +3 / -0

PSAKI: THE TRILLIONS DOLLAR BILL WON'T COST ANYTHING, IT HAS ALREADY BEEN PAID FOR...

IT HAS ALREADY BEEN PAID FOR BY YOU, WITH EVERYTHING OF VALUE THAT YOU POSSESS, THAT YOU HAVE SPENT A LIFETIME OF WORK AND SAVINGS TO ACCUMULATE. THAT'S ALL NOW "UNREALIZED GAINS" AND MUST BE PAID FOR. OH BY THE WAY, I JUST HAPPEN TO HAVE BLACKROCKS NUMBER HERE...

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ShampocalypseWOW 3 points ago +3 / -0

And when you convert it to money, you will immediately start losing value due to inflation, because fuck you.

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PhantomShield72 3 points ago +3 / -0

"Me & the boys woulda been stackin bodies by now..."

-George Washington

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WomanInTheRedDress 3 points ago +3 / -0

I thought the fucking thing was paid for, Joe??

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fjzappa 2 points ago +2 / -0

Straight up seizure of assets is next.

They look at the trillions of $$ in everyone's 401-k with lustful eyes.

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deleted 2 points ago +2 / -0
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mobgrazer 2 points ago +2 / -0

The ultimate Hyperinflation confiscation scheme

They may put a wealth or income threshold on the tax. But under hyperinflation everyone will meet the threshold and the "unrealized gain" will asymptote to the nominal value of the asset.

Can't pay your unrealized gain tax? your house gets seized for back taxes and auctioned off. blackrock, vanguard, goldman sachs, or even the Fed will buy it. Of course they will avoid the messy part of kicking you out. they will generously rent it back to you if you meet their green provisions.

"you will own nothing and be happy"

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eagle-eyes2020 2 points ago +2 / -0

so increasing prices for houses, gold or other assets would mean "gain in value" and "unrealized capital gains"? Even within times of strong inflation?

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Abovethefray 2 points ago +2 / -0

Just pay your per mile tax, for the roads. Oh, and your per gallon gas tax, also for the roads.

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PraiseBeToScience 2 points ago +2 / -0

You already pay unrealized gains on a house. It's called your annual property tax hike.

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AllTheWayTrump 1 point ago +1 / -0

more theft. Property taxes are worse than income taxes and those are awful.

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AllTheWayTrump 2 points ago +2 / -0

That is one demented looking witch.

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magaspif 2 points ago +2 / -0

There has to be a logical angle to this because the result would be absolute retardation - of course this would hit the rich the hardest since they own a lot more shit than we do. it's an accounting nightmare as assets fluctuate in value so much during the year - at what point do they determine the value? There will be different accounting methods available (like FIFO/LIFO/etc) - it's just noise. no way this actually has a chance of becoming law..

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Lbeck13 2 points ago +2 / -0

Watch me build a fucking house out of nature. I'm sure they'll still find a way to tax that though.

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Gwoz8881 2 points ago +5 / -3

It’s per year too, which is absolutely insane. Money should only be taxed when it changes hands.

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SillyHuman 3 points ago +4 / -1

Get that commie thinking the fuck outta here. Stop advocating for fucking taxes.

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AllTheWayTrump 1 point ago +1 / -0

Better yet, money should not be taxed. At least not earnings. Tax on consumption.

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Honkycracker 2 points ago +2 / -0

Who brought Benny Hill back to life?

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crash7863 1 point ago +3 / -2

A Cohen targets a Yellen. Fuck, now I really have seen everything.

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SRKTiberious 1 point ago +1 / -0

Not even targeted. All he did was explain the theft. Not a syllable towards his fellow tribesman.

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VoteCyborgTrump2040 1 point ago +1 / -0

You'll own nothing, and you'll be happy.

0
BrandonIsTraitor 0 points ago +2 / -2

When our side says 'no matter what it takes' you clearly do not understand all your allied nations are gone and have been remade as fascist globalist vassals and that the USA stands alone now.

Also you do not understand that there is no path through Law or Politics that can fix what is happening.

The 'no matter what it takes' is not true. What it takes is not something any of us seem prepared or willing to do and our enemy knows it better then we do.

Why are we all talk?

Perhaps some terminally ill vets should consider martyring themselves? You do not fight Fascism with stern letters and elections. You fight Fascism by killing the Fascists.

Every last one of you here knows its true.

Glowie, no, I just dont care anymore and genuinely believe we will all be enslaved.

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Ballind -18 points ago +2 / -20

So far the proposal is for billionaires and people earning 100mm a year for 3 years.

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alanlovestea 8 points ago +9 / -1

Because the tax base is not indexed to inflation rate. In 10-20 years, it will affect small business owners.

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wharfthrowaway 10 points ago +10 / -0

Or they’ll just expand it to everyone since they always do

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cook_does 4 points ago +4 / -0

Yep, some neo-con will start crying about a flat tax, then the commies will get involved and add a flat tax on top of their normal tax

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Ironlabel1 5 points ago +5 / -0

You fucking retard! It’s the same fucking shit they pull every fucking time. Oh it’s only for the rich! Then bam. Just like property tax and income tax. Originally only for the millionaires. Look where we’re at today.