Here is how that works: They print infinity money so inflation makes your house go up in "value" to three times what it was when you bought it.
Oh, nice 400k of unrealised "gains" you have there
Please pay us 40% of 400k = 160k or we seize the house you paid 200k for last year before we printed infinity money. If you can't pay don't worry, we will rent it back to you, oh by the way you still need to pay the mortgage and our rent which is the same amount.
So yup, they want to double your outgoings because they shredded the value of money.
Next thing you know they’ll be taxing you on your potential earnings, not what you actually make. Let’s see, we think that you have the potential to be a Surgeon, so we’ll tax you at that rate, not your minimum wage salary. Can’t pay? Awww, too bad.
First, clearly there is a game that is being played with regard to posts. I posted this last night and it went no where. As with all my posts. I am aware it is not a competition but if people are being censored then that is a problem. I am starting to wonder if I have been shadow banned because some of my posts deal with race.
Second, this is a BIG deal. They make it out to be for the wealthy, but the wealthy will just move their assets offshore and use tax accountants/attorneys to get out of this. The politicians that support this are the exact people they are supposedly aiming it at and you know they are not going to comply.
This will ultimately fall to the upper and middle class. It will strip people of their largest assets.
This is a middle class killer for sure. Imagine having to sell your house just to pay the taxes on it because it appreciated in value and it is an unrealized gain.
Here is how that works: They print infinity money so inflation makes your house go up in "value" to three times what it was when you bought it. Oh, nice 400k of unrealised "gains" you have there Please pay us 40% of 400k = 160k or we seize the house you paid 200k for last year before we printed infinity money. If you can't pay don't worry, we will rent it back to you, oh by the way you still need to pay the mortgage and our rent which is the same amount.
So yup, they want to double your outgoings because they shredded the value of money.
THEFT, followed by more theft.
yep....also, they know there's many billions in investment gains that will be GONE when the economy resets, so they want their $$ NOW.
Exactly. Great description.
This is REAL serious if it gets passed.
We are fucked.
Next thing you know they’ll be taxing you on your potential earnings, not what you actually make. Let’s see, we think that you have the potential to be a Surgeon, so we’ll tax you at that rate, not your minimum wage salary. Can’t pay? Awww, too bad.
Exactly. People don't understand this is BIG. If this gets put in there we are fucked.
justice is coming you disgusting rat turdosi
Unrealized? So like an advance? Considering a future massive economic collapse, that unrealized tax should be 0.
more like state sanctioned slavery
Let’s start with them...
First, clearly there is a game that is being played with regard to posts. I posted this last night and it went no where. As with all my posts. I am aware it is not a competition but if people are being censored then that is a problem. I am starting to wonder if I have been shadow banned because some of my posts deal with race.
Second, this is a BIG deal. They make it out to be for the wealthy, but the wealthy will just move their assets offshore and use tax accountants/attorneys to get out of this. The politicians that support this are the exact people they are supposedly aiming it at and you know they are not going to comply.
This will ultimately fall to the upper and middle class. It will strip people of their largest assets.
This is a middle class killer for sure. Imagine having to sell your house just to pay the taxes on it because it appreciated in value and it is an unrealized gain.
Unrealized gains are not gains ... they are risks.