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Dawson Leery

(19,598 posts)

6. That is my opposition to the tax.

Reply to unblock (Reply #2)

Thu Jun 10, 2021, 01:33 PM

Jun 2021

Also, stock gains are not realized until they are sold (capital gains should be taxes at the regular rate). It would be better to close the loopholes and raise the top bracket to 45% on all incomes exceeding a few million dollars.

You have 20 million in stock in 2007. In 2008, you would not have that 20 million or anywhere near it. In this case, does the government give you a deduction for the massive loss? How can one pay taxes (cash) on an asset that is not liquid (stock)?

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A question on the wealth tax. [View all] Dawson Leery Jun 2021 OP

In order to pass through inheritance, assets have to go through probate, a judicial proceeding StarfishSaver Jun 2021 #1

So until Bezos dies ... Xoan Jun 2021 #3

There are some proposals to tax wealth on an annual basis. unblock Jun 2021 #4

If a parent gives 10 gold bars to each child without declaring it in their will/trust, Dawson Leery Jun 2021 #5

True StarfishSaver Jun 2021 #7

The government sees those assets. Dawson Leery Jun 2021 #15

Gifts of up to $15,000 per year are not taxed at all csziggy Jun 2021 #16

That is an inherent problem of a comprehensive wealth tax unblock Jun 2021 #2

That is my opposition to the tax. Dawson Leery Jun 2021 #6

You oppose the inhertance tax because some forms of inheritance can be hidden? StarfishSaver Jun 2021 #10

While we're at it, let's ban divorce because some spouses hide wealth unblock Jun 2021 #12

Having the IRS search through homes will raise constitutional issues Dawson Leery Jun 2021 #14

Yet millions manage well enough with real estate taxes unblock Jun 2021 #11

If the federal government is serious about getting the wealthy to pay their fair share of taxes... Blanks Jun 2021 #8

Abatements cause so many problems -- property tax not the solution JT45242 Jun 2021 #9

We would need to have ALOT more audits fescuerescue Jun 2021 #13