Bill Gates backs raising capital gains tax
RNC spokesperson Kayleigh McEnany says Microsoft co-founder Bill Gates’s proposal of raising the capital gains tax will be a drag on the U.S. economy.
Oregon Democratic Sen. Ron Wyden, a ranking member on the influential Senate Finance Committee, announced this week he is developing a new way to tax the wealthy – aimed at overhauling the capital gains tax structure.
Capital gains taxes are currently paid on the difference between what an individual originally paid for a property or investment and what she sold it for – at the time it is sold.
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https://www.foxbusiness.com/financials/key-democrat-pushes-new-tax-on-wealthy-targeting-unrealized-capital-gains
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6 comments:
Bill Gates is a poser who wants to rule over the world.
If you have other ventures and income. Always take a loss on real estate. It rolls over for years.
1:10 is totally correct..gates would take any hit in stride but most of us rich folk, which depends on where the rich line is drawn i.e. 150k, 250k, would be hit allot harder
A tax on money you haven't made (unrealized) yet. It is not a gain, until it is sold and you get the money back (realized) on your investment. Now I've heard everything.
Just more tribe language to confuse the population.
Taxation is a theft.
Period.
This government is completely out of control and is committing atrocities around the globe in our names. It is the most dangerous entity on the planet. It should be avoided at all costs, including giving it one's hard earned money. Compliance is the only logical response. Fear this government.
So you get taxed when you earn the money and then you get taxed if you invest the money.
I guess the dumbocrats think you don't own your money.
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