phypon

818,000 less jobs created than initially reported. Yeah, she has a great economic track record...

For sure. I bet he's paying WAYYY too much for his soy smoothies. Time to leave San Fransisco...

I had to stop watching after he gave props to his wife's boyfriend. WTF????

She's swallowing those poles up. Heck, she's down right gagging those poles. She's so brat!

Do you have the numbers for businesses and people leaving CA and NY?

Well, looks like after the revised job numbers Harris' job record just went down. 818,000 less jobs were created than previously reported. https://www.forbes.com/sites/dereksaul/2024/08/21/us-added-818000-fewer-jobs-than-previously-thought-from-march-2023-to-march-2024-government-says/

You're missing the point. The point is that "no, no, we're only going to tax these people, not you". then they tax you. How do you not see that?

Give this link a look: https://www.pbs.org/newshour/economy/making-sense/the-income-tax-in-1913-a-way-to-soak-the-rich Back to the question of the thread, are you saying you are okay with a tax on unrealized gains?

I'm certainly not a billionaire, but I do trade crypto. We're close to the end of the current cycle, but I'm contemplating renouncing my citizenship in the next couple of years because the tax rate is so high. ~44% (close enough to 50%) on short term capital gains tax as it stands now. Thats a F*ck load of taxes...

When income tax was first instituted it was only supposed to affect the wealthy. Look what happened. Don't defend a poor tax policy just because you like a certain candidate. It's a horrible tax policy and once it is implemented in any form there is no turning back.

Yes, that is a logical point. In fact, it's the epitome of logic.

I completely agree that it's preposterous, but this is the type of policy that is on the table for a Harris admin. I don't think that genie is going back in the bottle indefinitely with her running the show. That's my point with this thread. Just because it's preposterous doesn't mean she won't do it.

I edited my last post to your point. I misread what you wrote and replied according to that. For most, you are correct with regard to the 401K (for now anyway). When talking about being taxed on an unrealized gain, yes, that is the policy suggested by Harris and Biden. And, I agree, it is lunacy, but this is what the Harris policy is. Trade crypto? Stocks? Commodities? Real estate? Anything subject to a capital gain and you will have to pay if the value goes up before you sell.

That's true as of now, but the policy of taxing unrealized gains would change that. That's the point. That's what an unrealized gain is. You get taxed on it even if you don't sell it which is what an unrealized gain is in this context. ETA: Sorry, just re-read what you wrote. I see your point. However, there are instances where a 401k withdrawal could be taxed as a capital gain. Point taken though, thanks for the info.

You said it yourself, there is no bill. This is the policy of the Harris admin on her tax plan if she is elected. There is no "mimicking". The Harris tax plan is for people (you and me) to pay a capital gains tax on unrealized gains.

Go to the convention and let us know if they let you in. Pretty simple.

Those cap gains apply to everyone. If you have a 401k (which most people do), that counts as a capital gain. Any stocks you own, mutual funds, etc...fall under a capital tax umbrella. Commodities as well. No, there is no bill on this as of yet. This is the Harris policy that was introduced by Biden 2 months ago.

Yes, I'm sure all of the agents and security guards were all in on the ruse. You still have time, go to the convention and see if you can get in. Let us know how that works out for you.

What? "Second, any of these proposals would apply only to exceptionally high net worth individuals." "Yes and no - if it's your principal residence for at least 2 years, no." I think you are confusing a short term capital gain with a long term capital gain here.

I haven't looked into the details of a loss. I haven't seen anything about that, so at this point, it looks the Harris tax plan is only on gains, not losses. So when this fiscal year ends the brokerage firm that holds your 401k or other investment portfolio will report that to the IRS and you will have to pay taxes on an investment that made money even though you did not sell or directly make money on said investment. Meaning, you would have to either take that owed tax money out of your pocket or sell assets in order to pay the tax on that unrealized gain. If it was a gain on 12/31 and your asset went down on 01/01, you would still owe on the gain from 12/31.

Was the war over when the Germans bombed Pearl Harbor?!?

Pretty simple, do you support tax on unrealized gains? If so, why? If not, why?

You're deflecting. You didn't answer the question. It's a simple question. Clearly the answer is "no". But, you can't say that because it would destroy your stance on the argument you tried to make about the statue of liberty. You're right, I don't know anything about you or if you've "hosted" people. That's why I asked, but for some reason you won't directly answer. And, if you all of a sudden say "yes, I let immigrants stay with me and my family for months" I won't believe you because you couldn't answer it the first time. You're a hypocrite and a "nimby'ist".

Are you going to answer the question? Here it is again: Would you let strangers into your home or would you vet them first? Pretty simple question. Or have you forgotten the subject of our correspondence?

You're acting like you have a small mind, that's why I'm simplifying it for you. Would you let strangers into your home or would you vet them first? Pretty simple question.