Originally posted by The Sicatoka
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117th Congress: DEMS IN DISARRAY!!!111!!
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Originally posted by Swansong View Post
Yep. Exactly the same. Except for the wildly different definitions, uses, contexts and, well, everything. But other than that, it's no different at all!The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.
North Dakota Hockey:
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Originally posted by The Sicatoka View Post
Taxing on money not yet realized (aka: not yet in hand).
edit: to add to this, others have pointed out the purpose for this. It will effect a tiny amount of income earners who are deferring capital gains. It's an obvious tax loophole and a fairly straightfoward fix.
Which means of COURSE republicans are against it.I gotta little bit of smoke and a whole lotta wine...
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Originally posted by Swansong View Post
But again, only if you look at it from a perspective that is not legal, not financial and not anything other than a position of "no new taxes". Capital gains and salary income are not the same; they're not treated the same and they probably never will be (though you could make an argument that income should be treated the same regardless of the source... you aren't making that claim).
edit: to add to this, others have pointed out the purpose for this. It will effect a tiny amount of income earners who are deferring capital gains. It's an obvious tax loophole and a fairly straightfoward fix.
Which means of COURSE republicans are against it.
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How can you tax on something that hasn't happened yet? (An unrealized capital gain is ... unrealized. It's a potential should the transaction happen. It become real when the transaction happens.)
I know you're going to buy 10 gallons of gas next week. The gas tax is $0.35 per gallon. Send in the $3.50 today.
Capital gains and dividend and interest income should be taxed as ordinary income. (If we're taxing income, income is income, source agnostic.)
There has to be a better way to fix "buy, borrow, die".The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.
North Dakota Hockey:
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Originally posted by psych View Post
I think I read it affects 700 people. Yes, that’s the correct number of zeroes.
The original bank report transaction number was $10,000. It's being tossed about at $600 now.The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.
North Dakota Hockey:
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Originally posted by The Sicatoka View Post
Today, as written, 700 people. Tomorrow?
The original bank report transaction number was $10,000. It's being tossed about at $600 now.
As for your $600 transaction limit you’re hyper-fixated on, it’s being tossed too. Joe Manchin saw to that.
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Originally posted by psych View Post
I hope it’s more. Let’s add the millionaires to the list someday- say, 2030, when Democrats might have such an opportunity again. You can thank maverick Kyrsten Sinema your family farm isn’t getting bent over a barrel yet.
As for your $600 transaction limit you’re hyper-fixated on, it’s being tossed too. Joe Manchin saw to that.
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Originally posted by The Sicatoka View PostHow can you tax on something that hasn't happened yet? (An unrealized capital gain is ... unrealized. It's a potential should the transaction happen. It become real when the transaction happens.)
I know you're going to buy 10 gallons of gas next week. The gas tax is $0.35 per gallon. Send in the $3.50 today.
Capital gains and dividend and interest income should be taxed as ordinary income. (If we're taxing income, income is income, source agnostic.)
There has to be a better way to fix "buy, borrow, die".
Again, this impacts capital gains only, and that gains could be realized if the owner wanted, but has chosen not to. And further, as Psych noted, it impacts only those at the very very top of the income ladder.
I know I've argued from the other side over the years, but the greatest trick the right ever pulled off was convincing normies that they have a real shot at becoming billionaires.I gotta little bit of smoke and a whole lotta wine...
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Originally posted by Slap Shot View Post
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Originally posted by psych View PostI hope it’s more. Let’s add the millionaires to the list someday- say, 2030, when Democrats might have such an opportunity again. You can thank maverick Kyrsten Sinema your family farm isn’t getting bent over a barrel yet.
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Originally posted by The Sicatoka View Post
Today, as written, 700 people. Tomorrow?
The original bank report transaction number was $10,000. It's being tossed about at $600 now."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by Slap Shot View Post
Even the $600 figure was misleading since the system is not designed to look at individual amounts buy at an aggregate. Secondly if anyone thinks the IRS has the resources to give a **** about the average rube making $50,000 a year is off their rocker."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by The Sicatoka View Post*Lots of details about standard deductions, etc, here also to handle. And no, I really don't like retailers being the de facto tax collector either. And this approach is also ripe for fraud and workarounds.
Dems have to start realizing nothing they want will ever happen, the function as a brief respite of Republican agenda.
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Originally posted by sagard View PostDems have to start realizing nothing they want will ever happen, the function as a brief respite of Republican agenda.
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