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riversedge

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6. Manchin: There are other ways for people to pay their fair share,------

Tue Mar 29, 2022, 03:06 PM

Mar 2022

so what are these ways Mr. Manchin???

.........The wealthiest Americans shouldn't be taxed on "things you don't have," he said, according to Bloomberg. "You might have it on paper. There are other ways for people to pay their fair share, and I think everyone should pay."

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Joe Manchin swings at Biden's billionaire tax, saying the superrich can't be taxed on 'things you do [View all] Polybius Mar 2022 OP

Yeah, they should, actually. n/t TygrBright Mar 2022 #1

If they are floating loans to live on, using that paper wealth as collateral.... TheRealNorth Mar 2022 #3

taxes Slammer Mar 2022 #16

re: "tax whatever those few people borrow as income and tax it at 98%." thesquanderer Mar 2022 #17

percentage Slammer Mar 2022 #22

unrealized gains are not income because the tax law was written that way. Dyedinthewoolliberal Mar 2022 #26

This message was self-deleted by its author jimfields33 Mar 2022 #18

And the old Manchin is back! Nt XanaDUer2 Mar 2022 #2

They Faux pas Mar 2022 #4

So, of we tax assets at, say, their present value, do we give them.... TreasonousBastard Mar 2022 #5

it's supposed to work like a property tax, so, it could. mopinko Mar 2022 #15

A wealth tax works like a property tax, but this is a gains tax muriel_volestrangler Mar 2022 #35

Manchin: There are other ways for people to pay their fair share,------ riversedge Mar 2022 #6

Yes, Joe, they can. ...nt 2naSalit Mar 2022 #7

The income reported on my 1099s Deminpenn Mar 2022 #8

Aren't realized gains already being taxed ? MichMan Mar 2022 #36

Yes, but this new proposed tax works Deminpenn Mar 2022 #37

Manchin is wrong Mysmi Mar 2022 #9

I just don't see how a billionaire can afford to live if they have to pay more in taxes ColinC Mar 2022 #10

It's mind-boggling to think about how much money people like Deminpenn Mar 2022 #33

"Leave my friends alone!!!" BlueIdaho Mar 2022 #11

When he said "and I think everyone should pay." KS Toronado Mar 2022 #12

He profits from "gob" i.e. garbage coal...then lets call him Joe "gob" Manchin. Peregrine Took Mar 2022 #13

He's a tax expert? elleng Mar 2022 #14

I don't understand how one can tax unrealized capital gains elias7 Mar 2022 #19

Katie Porter explains on Lawrence O'Donnell (about 2.45 min) Joinfortmill Mar 2022 #21

Thanks, but I still don't get it elias7 Mar 2022 #25

Here's how it works PSPS Mar 2022 #27

That doesn't actually explain about what would be done if stock value went down muriel_volestrangler Mar 2022 #34

Hope everyone reads your link Deminpenn Mar 2022 #38

More detail; this also raises the top rate on realized gains to 39.6%, also payable on inheritance muriel_volestrangler Mar 2022 #39

Please, people, vote in the midterms. I'm so sick of always hearing, "no" from this dude. Joinfortmill Mar 2022 #20

He's not up for reelection this year Jose Garcia Mar 2022 #28

If we have 50 party line Democrats then Manchin and Sinema become irrelevant. Marcuse Mar 2022 #30

taxes are the gateway to civilization. the rich don't want a civilization Javaman Mar 2022 #23

This message was self-deleted by its author Deminpenn Mar 2022 #24

President Joe Mansion has spoken BradAllison Mar 2022 #29

"Things they don't have?" They have civic responsibility. intheflow Mar 2022 #31

Confirming once again BlueMTexpat Mar 2022 #32