Janet Yellen wants to impose new Capital Gains tax…
(citizenfreepress.com)
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“Treasury Secretary Janet Yellen suggests imposing a new tax on unrealized capital gains, which means stock gains would be taxed even when they have not been sold. Yellen says she wouldn’t “call that a wealth tax.” Good Ol’ “Taxation Without Representation”...ring any bells?!!
Is it refundable should you sell at a loss?
There’s no details yet...first we gotta see if this is enacted.
Sure. I was thinking of the can of worms this is for the taxpayer.
More like, (Yosemite Sam voice)...”them’s dyin words”!