and discourages them from saving period. Anyone with enough money will figure out the loopholes and/or move, leaving us a destitute country like Venezuela. What a dumb cunt.Quote:
Originally Posted by Neveragain
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and discourages them from saving period. Anyone with enough money will figure out the loopholes and/or move, leaving us a destitute country like Venezuela. What a dumb cunt.Quote:
Originally Posted by Neveragain
Buying votes with entitlements isn't cheap. Got to pay those downtrodden masses to vote Democrat after all.Quote:
Originally Posted by Tgo01
I assume that is a reference to Biden's 2025 budget, as summarized below. Harris, as Biden's VP, has said that she supports the Biden budget. A proposal in that budget is a tax of 25% of unrealized gains of taxpayers whose wealth exceeds $100 million.Quote:
Originally Posted by Methais
Quote:
Requires Billionaires to Pay at Least 25 Percent of Income in Taxes. Billionaires make their money in ways that are often taxed at lower rates than ordinary wage income, or sometimes not taxed at all, thanks to giant loopholes and tax preferences that disproportionately benefit the wealthiest taxpayers. As a result, many of these wealthy Americans are able to pay an average income tax rate of just 8 percent on their full incomes—a lower rate than many firefighters or teachers. To finally address this glaring inequity, the President’s Budget includes a 25 percent minimum tax on the wealthiest 0.01 percent, those with wealth of more than $100 million.
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How many years of free labor would it take to pay the 35 trillion debt?Quote:
Originally Posted by Suppa Hobbit Mage
Of course that's after we confiscate all the 750 US billionaires wealth. (America's billionaires are now collectively worth a record $6 trillion.)
So, 29 trillion in debt, how much slave labor would it take to produce the GDP to pay off the 29 trillion? :lol:
So, when the people with over 100 million sell off their assets to pay the unrealized gains, the poors 401k will be blown up before they go home at the end of the workday.Quote:
Originally Posted by ClydeR
The poors don't get to trade stock while they are out swinging hammers and assembling automobiles.
How many jobs get lost after the biggest stock selloff in US history?
How many deaths will be caused by the unemployment?
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1448606/
That's fantastic. I asked what you think about it you fucking dumbass.Quote:
Originally Posted by ClydeR
Three.Quote:
Originally Posted by Neveragain
I think people with $100 million should not pay a lower tax rate than schoolteachers.Quote:
Originally Posted by Methais
You're thinking about it the wrong way, which is why you will never have to pay this particular tax. A decline is stock prices is a buying opportunity.Quote:
Originally Posted by Neveragain
"Trading" stock is not the way to accumulate wealth.Quote:
Originally Posted by Neveragain
Negative 10 million.Quote:
Originally Posted by Neveragain
Zero.Quote:
Originally Posted by Neveragain
Capitol gains taxes are flat rate so schoolteachers pay the same capitol gains as billionaires you retard.Quote:
Originally Posted by ClydeR