Every Democratic Voter has been asleep, brainwashed. They are like children believing the rhetoric of free pizza and no homework.
But worse yet is the Republican Voters are all in hiding. They are as much to blame. Too lazy to fill out the ballot sitting on their kitchen counter. Too wrapped up in themselves and their pity party to donate $20 to a local candidate who is brave enough to run against the demonic machine.
Republicans handed over the country because of laziness.
Democrats are just blind and uneducated not holding their representatives accountable for blowing up the budget, putting SB into millions of debt, not caring about children’s education, not caring about stores and local businesses, not caring about the humanitarian crisis of homelessness. But they will march & donate to Ukraine and Pro Terrorist countries defending the terrorists brutally killing, raping women & children in their own home.
The religious-conservatives get caught up in the most self-destructive cause, abortion. No one will win the presidency in this country if they're against abortion. Trump has handled it beautifully and it really annoys me when people say he's failed morally in that regard. If the religious Right really wanted to end abortion they would concentrate on having it made law that in order to have an abortion the woman must have an ultra sound. That is something that could get passed and that alone would end abortion as the rallying cry of women. Women who have ultra sounds do not then describe the baby within them as nothing. But the religious Right are just into morally haranguing people. They get off on it.
Polly, I agree with you about the abortion issue in that every year, we see the same rallying cry and the issue takes precedence over pretty much all others. That is a great idea you have about the ultra sound. It just might work.
I understand what your are saying Polly ans I really like the solution of women getting an ultrasound because wheat you are talking about is educating women so they can make a better choice. Education is key in so many different areas.
Taxing unrealized capital gains will be devastating to investment markets and senior homeowners. We already have a tax on unrealized capital gains through the alternative minimum tax (AMT). In 2003 I was assessed AMT of 18% on unrealized capital gain in a privately held stock. According to the rules of AMT at the time, the revaluation of stock held in a non-publicly traded company was considered a tax preference item and subject to 18% AMT. While the AMT on unrealized capital gains only affected a small number of people, the Harris plan would extend the joy to just about every taxpayer. I believe that government has its eyes on the $7T held in 401k plans in America. It would be in harmony with the theme of taking all your money away to extend this to unrealized gains held in 401k plans.
Yet another scam run by the liberal elite. Increasing corporate taxes to 28% is insane, will result in higher prices to the consumer and result in a financial crisis. The notion of taxing unrealized gains is equally insane and the only ones who benefit will be the tax attorneys and accountants.
It should be of no surprise to anyone that Harris/Walz are clueless when it comes to the free market economy as they have NEVER worked in the private sector. Yes, BOTH morons have spent their entire careers on the government gravy train!
It would seem this entire scam is one of transformation of wealth, much like reparations. Giving one group wealth from another group for alleged misdeeds of persons who are no longer living…what could go wrong!
Just wait, carbon tax and subsequent credits are next. Yes, in their twisted bag of tricks, individuals and corporations will be taxed (and judged) on their respective carbon footprint.
Thank you, Brent for making sense out of the Harris Regime insanity. As John Kerry said, the 1st Amendment gets in the way of them governing. Thank you for exercising that amendment and hopefully lots of people will read this - and your words will get in the way of them “governing.”
Thank you, Brent, for pointing out in good detail the very real possibilities of what could happen if Harris makes her way to the presidency. Some very scary stuff ahead for us if she does get in and the financial ruination of a good portion of America.
Democrats sent over $50 Billion to Ukraine top of the $380 billion total from NATO nations, approved $567 million to Tawain for potential defense and $8.7 Billion to Israel, $2.9 Billion to Afghanistan, $239 Million to the Taliban, $146 Million to Haiti since fiscal year 2023 alone, after the Haiti Earthquake $13.5 Billion was raised fir 12 million people in one of the poorest countries.
And how about here in America, Palestine Ohio? Lahaina Hawaii? How about here after the Thomas Fire and Debris Flow? How about after the Antifa and BLM riots that looted and burned businesses and homes?
After this Hurricane which is touted the largest, deadliest, most costly storm since 1800, where is FEMA? Where is our President? Where is Kamala?
Every time Americans are knocked by a disaster Democratic leadership is non existent. Perhaps God is trying to tell Americans that Democrat leadership is not interested in you the people, wake up.
Meanwhile Trump started a GoFund me page knowing that the Party of the People refuse to help American Citizens. There is apparently no money in helping your own country, your neighbors.
Well said. Biden just said there would be no more help for the flood victims of Helene. Notice how much was spent after the Biden-Harris regime failed to maintain the peace they inherited in the Ukraine, Israel, and Taiwan, and the crippling of Iran economically and the mishandling of Afghanistan, all of which we funded by borrowing from China.
I commend Trump for starting teh GoFundMe for the people in need after that disaster. I hope the money finds it way to them at a higher percentage than Steve Bannons We Build The Wall" fundraising campaign.
I read this article by Mr Zelpe Esq "The Harris Tax “Plan" Devil Is In The Details"
and I suggest a new title "The Devil is Here in CA & the US" and I quote from same>>
"Harris and her team, failing to provide any details on this, or any other part of her platform, recalls the words of the German-American architect Ludwig Mies van der Rohe (1886-1969), whose words have become universal and undying: “The devil is in the details.” Those words were his way of warning that there are always hidden or mysterious elements in the details of any bill or agreement."
I provide Steve Balmer's site USFACTS on the US Government Budget where the US Military Portion
Go to time mark 45:00 to 48:00 especially 46:45 and carefully listen to what is happening from the mass invasion across the US Border and the Threats now inside US and "Welcome To Criminals California" The Devil is in California and the United State folks and WHO LET THEM IN?????
FBI Director Wray has been pounding the Table of these Evil Threats and it is just a matter of time ..........
"According to the complaint, Segovia, 64, of San Jose, is the Executive Director of the San Jose Police Officers’ Association (SJPOA). The complaint alleges that Segovia used her personal and office computers to order thousands of opioid and other pills to her home and agreed to distribute the drugs elsewhere in the United States."
Taxing unrealized gains is a nonstarter. She would never get it through congress, even a democratic congress, because all those OLD congressmen have a lot of assets and they aren't going to tax themselves. What do you do when assets go down? Do you give them a rebate? As stated here what counts as an asset? This would be in court for years and go nowhere.
Before Trump the IRS took in about 3 trillion. During and towards the end of the Trump admin the tax revenue went up substantially. Why? Because Trump kept jobs here and even when you give businesses tax breaks more taxes are collected because the workers' pay taxes, especially the company management. Plus, Trump increased excise taxes on "some" things strategically which increased tax revenue + decrease our "trade deficit". See who pays taxes below and IRS revenue by year. If there is more tax revenue, then why the hell do we have a deficit every year? Give aways? Social programs? Evidently, the congressmen are so rich they never have to have a personal budget, so they don't understand budgeting at even a personal level, and we let them spend our tax money? Comment from My Friend Pam (CPA, Mensa Brainiac and Researcher)
OPP's Mr. Zepke........you slipped up, how bold of you to mention Ludwig Mies.......
Having read the "Anti-Capitalist Mentality" years ago it is obvious the average individual has be deceived by those who want power and money.
How come is a unrealized tax not a fire alarm with most people who work for a living (unlike most politicians)?????????
Tax On the Middle Class!!! Why not, this is where the political base is and as long as you can convince illegals and the lower middle class that stealing from achievers to hand out "freebies" and sway votes sure take the wealth.
How about them apples...... Does anyone remember subprime real estate loans... It was Democrats and it created one of the worlds worst Depressions since the 1930's.
Thanks for point out the failures of these Luddites.... but if you do not know who Luddites are it maybe wasted effort.
I guess the devils got out - since there seem to be quite a few details out.
"A 25% minimum tax rate on total income, including unrealized capital gains, for individuals with net worth over $100 million"
So I guess the middle class makes 100 million? Or about 10,000 homes in the US. Or am I interpreting this incorrectly? Or is the 25% gain for everyone?
The Harris tax laws have not been written yet so all information should be viewed as political campaign rhetoric. That a tax on unrealized capital gains is even suggested should be alarming to you. This is a tax on money that has not been made yet. It is a tax on potential earnings and if they turn to losses the tax will not be refunded. The AMT on unrealized capital gains based on revaluation of privately held stock is not refunded if the stock valuation is revised downward. To me, you support whatever your political party proposes as if that were the lens of truth and goodness. It would serve you better to consider each proposition on its own merits and come to your own conclusion without reference to a Google or Chat analysis which both are decidedly one-sided.
No one's laws have been written - so I guess this is all your favorite - smoke and mirrors. Google blah, Chat blah. You don't know my party. I just poke holes in comments here. Sorry, back to work. Someone's got to feed the SS coffers.
I don't understand your comment, John Thomas. There are many tax laws that have been written and others that are proposed as part of political campaigning. The Harris unrealized capital gain tax is a talking point designed to garner support from those who believe they are not affected by higher taxes. I know that you must realize this. Trump proposes tax cuts, and this would appeal to those who pay high taxes. I suppose it is all smoke and mirrors until it is enacted into law. The difference is that tax increases terrify me, and tax cuts give me joy. I would bet 25% of my unrealized capital gains that you will not be voting for the great and beautiful Donald J Trump.
Walz and Vance-y Pants are gonna be fun to watch tonight. I just wish it was Doug Burgum - he’d make mince-meat out of Commie Walz. Burgum was so _obviously_ the correct choice for Trumpy’s VP.
‘A pig in a poke’ - you mean a pig in a white house don’t ya? Here’s a faster way for that knucklehead to collect her illegal gains - it’s called ‘The Glock Plan.’
I differ with your math in a couple of ways. First, 25% of $200,000 is $50,000 not $40,000. Second, since taxing unrealized capital gains is a way to get the tax before you sell the asset, it would never exceed the tax owed if the asset were actually sold. By this I mean that after year one and the $50,000 was paid on the unrealized $200,000 gain now the unrealized gain would be $150,000 and the tax would be $37,500 etc. It would never go away but would decrease every month with adjustments for changes in market value. I know that the devil is in the details, and this is a hypothetical exercise since no details have been given but I believe that this is how the tax would be implemented.
Thanks Jeff for the arithmetic correction. While to Devil's in the details, an unrealized tax might be like a property tax where paying it does not reduce the unrealized gain.
Might as well increase the property tax to the market value so you can pay property tax on the current value and then pay an additional tax on the unrealized gain. No limit to possible taxes. I do feel that in the spirit of a tax on unrealized gains that it should never be greater than the amount that would be paid if the gain were realized. In any event I feel that I have paid enough tax in my life, and I would rather never pay another cent.
Every Democratic Voter has been asleep, brainwashed. They are like children believing the rhetoric of free pizza and no homework.
But worse yet is the Republican Voters are all in hiding. They are as much to blame. Too lazy to fill out the ballot sitting on their kitchen counter. Too wrapped up in themselves and their pity party to donate $20 to a local candidate who is brave enough to run against the demonic machine.
Republicans handed over the country because of laziness.
Democrats are just blind and uneducated not holding their representatives accountable for blowing up the budget, putting SB into millions of debt, not caring about children’s education, not caring about stores and local businesses, not caring about the humanitarian crisis of homelessness. But they will march & donate to Ukraine and Pro Terrorist countries defending the terrorists brutally killing, raping women & children in their own home.
God Bless us all.
Excellent, B - "Republicans handed over the country because of laziness."
The Neocons aren't lazy. I wish they were.
The religious-conservatives get caught up in the most self-destructive cause, abortion. No one will win the presidency in this country if they're against abortion. Trump has handled it beautifully and it really annoys me when people say he's failed morally in that regard. If the religious Right really wanted to end abortion they would concentrate on having it made law that in order to have an abortion the woman must have an ultra sound. That is something that could get passed and that alone would end abortion as the rallying cry of women. Women who have ultra sounds do not then describe the baby within them as nothing. But the religious Right are just into morally haranguing people. They get off on it.
Polly, I agree with you about the abortion issue in that every year, we see the same rallying cry and the issue takes precedence over pretty much all others. That is a great idea you have about the ultra sound. It just might work.
I understand what your are saying Polly ans I really like the solution of women getting an ultrasound because wheat you are talking about is educating women so they can make a better choice. Education is key in so many different areas.
Taxing unrealized capital gains will be devastating to investment markets and senior homeowners. We already have a tax on unrealized capital gains through the alternative minimum tax (AMT). In 2003 I was assessed AMT of 18% on unrealized capital gain in a privately held stock. According to the rules of AMT at the time, the revaluation of stock held in a non-publicly traded company was considered a tax preference item and subject to 18% AMT. While the AMT on unrealized capital gains only affected a small number of people, the Harris plan would extend the joy to just about every taxpayer. I believe that government has its eyes on the $7T held in 401k plans in America. It would be in harmony with the theme of taking all your money away to extend this to unrealized gains held in 401k plans.
Yet another scam run by the liberal elite. Increasing corporate taxes to 28% is insane, will result in higher prices to the consumer and result in a financial crisis. The notion of taxing unrealized gains is equally insane and the only ones who benefit will be the tax attorneys and accountants.
It should be of no surprise to anyone that Harris/Walz are clueless when it comes to the free market economy as they have NEVER worked in the private sector. Yes, BOTH morons have spent their entire careers on the government gravy train!
It would seem this entire scam is one of transformation of wealth, much like reparations. Giving one group wealth from another group for alleged misdeeds of persons who are no longer living…what could go wrong!
Just wait, carbon tax and subsequent credits are next. Yes, in their twisted bag of tricks, individuals and corporations will be taxed (and judged) on their respective carbon footprint.
Huh?
Thank you, Brent for making sense out of the Harris Regime insanity. As John Kerry said, the 1st Amendment gets in the way of them governing. Thank you for exercising that amendment and hopefully lots of people will read this - and your words will get in the way of them “governing.”
Thank you, Brent, for pointing out in good detail the very real possibilities of what could happen if Harris makes her way to the presidency. Some very scary stuff ahead for us if she does get in and the financial ruination of a good portion of America.
Democrats, “Party of the People”. What a joke!
Democrats sent over $50 Billion to Ukraine top of the $380 billion total from NATO nations, approved $567 million to Tawain for potential defense and $8.7 Billion to Israel, $2.9 Billion to Afghanistan, $239 Million to the Taliban, $146 Million to Haiti since fiscal year 2023 alone, after the Haiti Earthquake $13.5 Billion was raised fir 12 million people in one of the poorest countries.
And how about here in America, Palestine Ohio? Lahaina Hawaii? How about here after the Thomas Fire and Debris Flow? How about after the Antifa and BLM riots that looted and burned businesses and homes?
After this Hurricane which is touted the largest, deadliest, most costly storm since 1800, where is FEMA? Where is our President? Where is Kamala?
Every time Americans are knocked by a disaster Democratic leadership is non existent. Perhaps God is trying to tell Americans that Democrat leadership is not interested in you the people, wake up.
Meanwhile Trump started a GoFund me page knowing that the Party of the People refuse to help American Citizens. There is apparently no money in helping your own country, your neighbors.
Well said. Biden just said there would be no more help for the flood victims of Helene. Notice how much was spent after the Biden-Harris regime failed to maintain the peace they inherited in the Ukraine, Israel, and Taiwan, and the crippling of Iran economically and the mishandling of Afghanistan, all of which we funded by borrowing from China.
I commend Trump for starting teh GoFundMe for the people in need after that disaster. I hope the money finds it way to them at a higher percentage than Steve Bannons We Build The Wall" fundraising campaign.
Murky? Perhaps lucky, unlike his convicted associates who plead guilty.
Let me guess; deep state once again?
https://www.forbes.com/sites/alisondurkee/2021/05/25/steve-bannon-officially-cleared-of-federal-charges-after-trump-pardon---but-this-state-probe-still-looms/
I read this article by Mr Zelpe Esq "The Harris Tax “Plan" Devil Is In The Details"
and I suggest a new title "The Devil is Here in CA & the US" and I quote from same>>
"Harris and her team, failing to provide any details on this, or any other part of her platform, recalls the words of the German-American architect Ludwig Mies van der Rohe (1886-1969), whose words have become universal and undying: “The devil is in the details.” Those words were his way of warning that there are always hidden or mysterious elements in the details of any bill or agreement."
I provide Steve Balmer's site USFACTS on the US Government Budget where the US Military Portion
of the Discretionary Budget is the largest >>>https://tinyurl.com/5n7r3cya
The US Military Budget has Black Operations with "hidden or mysterious elements in the details"
that is not reported in the overall Military Budget stated by the US Government.
Our "Endless Wars" including now Ukraine and in the past the Middle East is responsible for our
HUGE Deficit, destabilizing the World, that is also destroying our Military Warriors and families.
I provide you with this UTUBE Podcast by Military Veterans to review that is very disturbing.
https://www.youtube.com/watch?v=Yh_3yrAgBEU&t=2825s&ab_channel=ShawnRyanShow
Go to time mark 45:00 to 48:00 especially 46:45 and carefully listen to what is happening from the mass invasion across the US Border and the Threats now inside US and "Welcome To Criminals California" The Devil is in California and the United State folks and WHO LET THEM IN?????
FBI Director Wray has been pounding the Table of these Evil Threats and it is just a matter of time ..........
https://www.youtube.com/watch?v=nOkS8rL1GIA&ab_channel=ForbesBreakingNews
Howard Walther, member of a Military Family
PS - CALI CRIME >>"Bay Area police union leader allegedly smuggled fentanyl into US to sell in bulk"
https://tinyurl.com/bdf83cdw
https://tinyurl.com/4xjwsp5d
"According to the complaint, Segovia, 64, of San Jose, is the Executive Director of the San Jose Police Officers’ Association (SJPOA). The complaint alleges that Segovia used her personal and office computers to order thousands of opioid and other pills to her home and agreed to distribute the drugs elsewhere in the United States."
Taxing unrealized gains is a nonstarter. She would never get it through congress, even a democratic congress, because all those OLD congressmen have a lot of assets and they aren't going to tax themselves. What do you do when assets go down? Do you give them a rebate? As stated here what counts as an asset? This would be in court for years and go nowhere.
Before Trump the IRS took in about 3 trillion. During and towards the end of the Trump admin the tax revenue went up substantially. Why? Because Trump kept jobs here and even when you give businesses tax breaks more taxes are collected because the workers' pay taxes, especially the company management. Plus, Trump increased excise taxes on "some" things strategically which increased tax revenue + decrease our "trade deficit". See who pays taxes below and IRS revenue by year. If there is more tax revenue, then why the hell do we have a deficit every year? Give aways? Social programs? Evidently, the congressmen are so rich they never have to have a personal budget, so they don't understand budgeting at even a personal level, and we let them spend our tax money? Comment from My Friend Pam (CPA, Mensa Brainiac and Researcher)
Thanks for explaining this.
Sadly there are so many RINOs (Republican in name only) this nightmare could happen.
This is another way of bankrupting America and putting more people on the dole.
OPP's Mr. Zepke........you slipped up, how bold of you to mention Ludwig Mies.......
Having read the "Anti-Capitalist Mentality" years ago it is obvious the average individual has be deceived by those who want power and money.
How come is a unrealized tax not a fire alarm with most people who work for a living (unlike most politicians)?????????
Tax On the Middle Class!!! Why not, this is where the political base is and as long as you can convince illegals and the lower middle class that stealing from achievers to hand out "freebies" and sway votes sure take the wealth.
How about them apples...... Does anyone remember subprime real estate loans... It was Democrats and it created one of the worlds worst Depressions since the 1930's.
Thanks for point out the failures of these Luddites.... but if you do not know who Luddites are it maybe wasted effort.
Good article.
I guess the devils got out - since there seem to be quite a few details out.
"A 25% minimum tax rate on total income, including unrealized capital gains, for individuals with net worth over $100 million"
So I guess the middle class makes 100 million? Or about 10,000 homes in the US. Or am I interpreting this incorrectly? Or is the 25% gain for everyone?
The Harris tax laws have not been written yet so all information should be viewed as political campaign rhetoric. That a tax on unrealized capital gains is even suggested should be alarming to you. This is a tax on money that has not been made yet. It is a tax on potential earnings and if they turn to losses the tax will not be refunded. The AMT on unrealized capital gains based on revaluation of privately held stock is not refunded if the stock valuation is revised downward. To me, you support whatever your political party proposes as if that were the lens of truth and goodness. It would serve you better to consider each proposition on its own merits and come to your own conclusion without reference to a Google or Chat analysis which both are decidedly one-sided.
No one's laws have been written - so I guess this is all your favorite - smoke and mirrors. Google blah, Chat blah. You don't know my party. I just poke holes in comments here. Sorry, back to work. Someone's got to feed the SS coffers.
I don't understand your comment, John Thomas. There are many tax laws that have been written and others that are proposed as part of political campaigning. The Harris unrealized capital gain tax is a talking point designed to garner support from those who believe they are not affected by higher taxes. I know that you must realize this. Trump proposes tax cuts, and this would appeal to those who pay high taxes. I suppose it is all smoke and mirrors until it is enacted into law. The difference is that tax increases terrify me, and tax cuts give me joy. I would bet 25% of my unrealized capital gains that you will not be voting for the great and beautiful Donald J Trump.
It is the only way government will ever be downsized. It keeps me up at night.
Walz and Vance-y Pants are gonna be fun to watch tonight. I just wish it was Doug Burgum - he’d make mince-meat out of Commie Walz. Burgum was so _obviously_ the correct choice for Trumpy’s VP.
‘A pig in a poke’ - you mean a pig in a white house don’t ya? Here’s a faster way for that knucklehead to collect her illegal gains - it’s called ‘The Glock Plan.’
Goofy Harris - the “The babble-on ho’
I differ with your math in a couple of ways. First, 25% of $200,000 is $50,000 not $40,000. Second, since taxing unrealized capital gains is a way to get the tax before you sell the asset, it would never exceed the tax owed if the asset were actually sold. By this I mean that after year one and the $50,000 was paid on the unrealized $200,000 gain now the unrealized gain would be $150,000 and the tax would be $37,500 etc. It would never go away but would decrease every month with adjustments for changes in market value. I know that the devil is in the details, and this is a hypothetical exercise since no details have been given but I believe that this is how the tax would be implemented.
Thanks Jeff for the arithmetic correction. While to Devil's in the details, an unrealized tax might be like a property tax where paying it does not reduce the unrealized gain.
Might as well increase the property tax to the market value so you can pay property tax on the current value and then pay an additional tax on the unrealized gain. No limit to possible taxes. I do feel that in the spirit of a tax on unrealized gains that it should never be greater than the amount that would be paid if the gain were realized. In any event I feel that I have paid enough tax in my life, and I would rather never pay another cent.