It would never pass. However a tax on realized capital gains from RE would

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Feb 24, 2021
1:35:54pm

Nat Gas Man Truly Addicted User

Probably pass

This message has been modified

Originally posted on Feb 24, 2021 at 1:35:54pm

Message modified by Nat Gas Man on Feb 24, 2021 at 1:41:53pm

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Nat Gas Man

Previous username: TXSmith
Bio page: Nat Gas Man
Joined: Apr 28, 2010
Last login: Aug 23, 2023
Total posts: 53,749 (638 FO)

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Messages

Author

Time

Does Yellen really infer she wants to tax unrealized cap. gains? Stocks? RE?

grandpacoug

2/24/21 12:55pm

Wow. She sounds like an awful human being.

cougfanz

2/24/21 12:58pm

To think that is the kind of thinking that one of the most powerful people in

crack

2/24/21 12:59pm

A different opinion on tax policy makes someone an "awful person"?

Hodor

2/24/21 1:35pm

Yes. Especially this one. Let's see, you hold an asset

Archaea

2/24/21 1:42pm

You cannot tax unrealized gains. Most people don't have that type of liquid

RH84025

2/24/21 1:50pm

That didn't stop taxing receivers of estate $. Had to sell all/part of asset.

grandpacoug

2/24/21 1:53pm

The estate becomes a realized gain when inherited.

flyzag

2/24/21 2:24pm

And there you have the big difference.

grandpacoug

2/24/21 2:25pm

I don’t even know how it would be possible. Dumbest thing ever.

Heath Squashwell

2/24/21 12:58pm

They won't stop until they tax everything imaginable

wabluecoug

2/24/21 12:59pm

Who’s they and why would they want to do that?

pink22

2/24/21 1:03pm

Politicians everywhere seem to always be looking for more taxes, I truly believe

wabluecoug

2/24/21 1:06pm

And then they have to pay them too? Seems like a dumb idea to force themselves

pink22

2/24/21 1:07pm

They can just vote themselves a raise or do a side deal. They get rich in office

grandpacoug

2/24/21 1:11pm

And tell all their friends and family you’re welcome for raising their taxes?

pink22

2/24/21 3:11pm

They take care of themselves in other ways, like being exempt from insider

wabluecoug

2/24/21 1:12pm

Ah, just like Obamacare...wait they exempted themselves

maxpowers

2/24/21 1:20pm

Progressive politicians pandering to the plebeian polity.

Archaea

2/24/21 1:43pm

Good thing only republicans have capital gains

maxpowers

2/24/21 12:59pm

Taxing unrealized gains is the perfect way to kill the startup segment.

Florida Man

2/24/21 1:00pm

Do you get a credit for unrealized losses?

Mike Honcho

2/24/21 1:03pm

RE: Do you get a credit for unrealized losses?

oryguncoug

2/24/21 1:06pm

Surely there will be some limit, say $2million.

valleus

2/24/21 1:03pm

I would like to say it is unbelievable, but unfortunately it isn't. Monumentally

oryguncoug

2/24/21 1:05pm

RIGHT......

grandpacoug

2/24/21 1:13pm

I think they already do if you quality for Trader Tax Status.

crack

2/24/21 1:13pm

This is just the beginning of learning the consequences of the 2020 election

Bluforever

2/24/21 1:07pm

She doesn't get a vote.

Ozymandias

2/24/21 1:08pm

RE: Does Yellen really infer she wants to tax unrealized cap. gains? Stocks? RE?

yahtzee

2/24/21 1:11pm

This is what people get for getting Yewt hurt by Trump.

kotacoug

2/24/21 1:25pm

RE: Does Yellen really infer she wants to tax unrealized cap. gains? Stocks? RE?

joelvandyne

2/24/21 1:27pm

It would never pass. However a tax on realized capital gains from RE would

Nat Gas Man

2/24/21 1:35pm

Nat- What is your reason that it would only be on RE?

grandpacoug

2/24/21 1:48pm

This would be very good.

valleus

2/24/21 1:55pm

Why? It would damage Economy in more ways than you can ever imagine. Period.

grandpacoug

2/24/21 2:08pm

It is something other countries have done with success. They changed the RE laws

Nat Gas Man

2/24/21 2:24pm

That is not taxing unrealized gain. That is changing Those receiving commission.

grandpacoug

2/24/21 2:27pm

That why I said realized gains

Nat Gas Man

2/24/21 2:27pm

We should discourage rentiers capitalism. The few are enriched while making

valleus

2/24/21 2:29pm

That is already taxed.

Archaea

2/24/21 2:27pm

Well maybe but you can get $500k tax free if you play the game

Nat Gas Man

2/24/21 2:35pm

It is still taxed, the $500k exclusion is just a calc to arrive at the amount of tax.

hitechcpa

2/24/21 2:54pm

If there is a bill that gets out of committee the stock market and RE will crash

Nat Gas Man

2/24/21 2:27pm

People will still need a place to sleep. Stock certs can be used to wipe butts.

grandpacoug

2/24/21 3:20pm

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