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Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (342332)	3/27/2022 11:35:21 PM
From: didjuneau	3 Recommendations Recommended By Honey_Bee pak73 SirWalterRalegh Read Replies (1) \| Respond to of 455136

Taxing unrealized gains: Already been done. Roth IRA conversions. Set people up to convert traditional IRAs, crash the stock market with interest rate hikes, collect all the tax on the unrealized gains from the conversions, collect all the gains on short sales for insiders who were in on the plan.

To: FJB who wrote (342332)	3/28/2022 12:05:17 PM
From: Honey_Bee	3 Recommendations Recommended By Bill kech pak73 Read Replies (2) \| Respond to of 455136

So let's think this through. If they "come for" the billionaire's net worth to tax it, that has to mean they will have to make them hire someone to show the government all that they own. Not one person here (except possibly libtard-commie lurkers) believes that Biden's comrades will stop at billionaires. They will lower it until they are asking for yearly net worth reporting from ALL TAXPAYERS.

To: FJB who wrote (342332)	3/28/2022 12:15:46 PM
From: Honey_Bee	2 Recommendations Recommended By FJB pak73 Read Replies (1) \| Respond to of 455136

I'm posting more excerpts from your article. Notice how this is spun with lies and half-truths. And is designed to create hate and resentment for "rich" people. No mention of the jobs created by rich people, or often very real generosity. And it certainly isn't pointed out that the super-rich can go anywhere they want to live and take all of their money with them! Biden To Unveil New Minimum Tax Targeting Certain Americans: Report \| The Daily Wire Democrat President Joe Biden will reportedly unveil on Monday a new tax as part of his budget for 2023 that takes aim at America’s wealthiest individuals. “The ‘Billionaire Minimum Income Tax’ plan under President Biden would establish a 20 percent minimum tax rate on all American households worth more than $100 million,” The Washington Post reported. “The White House plan would mandate billionaires to pay a tax rate of at least 20 percent on their full income, or the combination of traditional forms of wage income and whatever they may have made in unrealized gains, such as higher stock prices.” The report said that billionaires would have to pay the difference between what they are paying now and the 20% rate, assuming they are paying under 20%. If they are paying more than 20%, then they would not owe anything additional under the new proposal. “The Billionaire Minimum Income Tax will ensure that the very wealthiest Americans pay a tax rate of at least 20 percent on their full income,” a White House document says. “This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters.” The report said that the new proposal claims that it would raise more than $350 billion over the next 10 years if it is passed. The New York Times reported: Senator Elizabeth Warren, Democrat of Massachusetts, and Senator Ron Wyden, Democrat of Oregon and the chairman of the Finance Committee, released separate proposals last year that would tax the wealthiest, albeit in different ways. Ms. Warren had championed the idea of a wealth tax in her unsuccessful presidential campaign. … Moderate Democrats, including Senator Kyrsten Sinema of Arizona, have balked at raising the corporate tax rate or lifting the top marginal income tax rate to 39.6 percent from 37 percent, leaving the party with few options to raise revenue. Still, Senator Joe Manchin III, Democrat of West Virginia, slammed the idea of taxing billionaires after Mr. Wyden’s proposal to do so was released, although Mr. Manchin has since suggested he could support some type of billionaires’ tax. Top Biden administration officials have expressed skepticism about wealth taxes in the past. Treasury Secretary Janet L. Yellen said last year that a wealth tax was “something that has very difficult implementation problems.” And Natasha Sarin, the Treasury Department’s counselor for tax policy and implementation, was a co-author of an opinion essay published by The Washington Post in 2019 that argued that a wealth tax would present “a revenue estimation puzzle.”