The Democrat Party sure knows how to pick them. I guess she’s running on her hopes and dreams of this.
Posted by pioneergirl1965
The Democrat Party sure knows how to pick them. I guess she’s running on her hopes and dreams of this.
Posted by pioneergirl1965
7 Comments
You left out the important detail of needing to have a net worth of 100 million before that tax kicks in….. but by all means carry on with the fear.
So is this granny sitting on 100million?
What a bunch of crap…
Damn 100M and worry about 110K? 🤷♂️🤣
well if they have a wealth of more than $100M dollars this might be true.
You start an app, like reddit. It doesn’t earn any money. Market value $4b. You owe the government $1b and you haven’t earned a cent.
Now you have to sell 25% of reddit, but that $4b market value was hypothetical. When you try to sell 1/4, yo may get no offers. You may get offered $10m, you may get offered over $1b. But most likely, when you need to sell you will take a lose and you had nothing, so where do you get the money to pay the tax.
Welcome to Murica 2.0. Home of the slave.
The same thing has been happening with property taxes. This “Unrealized Gain Tax” is simply a turbo-charged version of the slow-soaking of citizens.
we all know this type of tax is unworkable. I don’t know why she is even running on it.