Are you concerned about the potential impact of taxing unrealized gains on your financial future? Let me know in the comments below! Share your thoughts, questions, and experiences.
Is this constitutional. Unrealized gains is not a taxable event. You are suppose to be taxes on a taxable event. There was no taxable event incurred. Therefore no tax should be assessed on unrealized capital gains..
@@robertnewland7115 yes but why should they even consider paying taxes on something that was not sold. What is the value of the home comes down why Nana goes to sell the house.
You are right, history has proven that new tax laws eventually trickle down to the middle class - that may take a decade or two. This tax proposal targets those with a net worth of $100M or more. There in lies the real danger, if this proposal gets put forward, I would wager the uber wealthy will drop their shares on the market cause a crash, they'll wait, then buy back at 1/10th the price... then wait it out sitting on large cash reserves. In the mean time, the middle class will lose their shirt, go bankrupt and those uber wealthy individuals will also buy up all the foreclosures - It could turn into the GREATEST WEALTH TRANSFER IN HISTORY!
I can't believe what YT censors compared to X... two insanely different platforms when it comes to censorship. Left a response that was not censorship worthy and it is gone.
@@DianeCardanoCasacio It was a response to the one PW1110 below who apparently trusts our Government without question... but eventually they will learn, a crash is coming, there is just to much shit happening for it not to.
@@phyllisweeks1110 do you own a home? Would you like to pay taxes on the unrealized gain in value? Not interested in Kamala’s policies … not sure she even knows what they are. Disappointed as I am an independent.. enjoy your day!!!
If you want the gov't to protect & take care of you, the gov't will need money. Lots & lots of money. Where will the gov't get cash? It needs to steal it from people who have assets to give it to those without assets. This is what unrealized capital gains is all about. My advice to those who are poor: make more money and don't ask for help from anyone.
@@DianeCardanoCasacio I do own a home. But, I am o where near having $400 million in unrealized capitol gains. As most people are not. Stay on the present when you talking about anything. I do taxes for a living. I most definitely know what they are. I paid some capitol gains taxes on a rental I sold in 2021. I am very familiar with taxes and capitol gains taxes.
Are you concerned about the potential impact of taxing unrealized gains on your financial future? Let me know in the comments below! Share your thoughts, questions, and experiences.
Couldn't Nana add back improvements that she made on her home to decrease the gain taxable..
Is this constitutional. Unrealized gains is not a taxable event. You are suppose to be taxes on a taxable event. There was no taxable event incurred. Therefore no tax should be assessed on unrealized capital gains..
@@robertnewland7115 Welcome to the Biden/Harris administration.
@@robertnewland7115 yes but why should they even consider paying taxes on something that was not sold. What is the value of the home comes down why Nana goes to sell the house.
You are right, history has proven that new tax laws eventually trickle down to the middle class - that may take a decade or two. This tax proposal targets those with a net worth of $100M or more. There in lies the real danger, if this proposal gets put forward, I would wager the uber wealthy will drop their shares on the market cause a crash, they'll wait, then buy back at 1/10th the price... then wait it out sitting on large cash reserves. In the mean time, the middle class will lose their shirt, go bankrupt and those uber wealthy individuals will also buy up all the foreclosures - It could turn into the GREATEST WEALTH TRANSFER IN HISTORY!
I can't believe what YT censors compared to X... two insanely different platforms when it comes to censorship. Left a response that was not censorship worthy and it is gone.
Wow Really, liked your reponse that did go through!! you can always email me your response to be heard , Diane
@@DianeCardanoCasacio It was a response to the one PW1110 below who apparently trusts our Government without question... but eventually they will learn, a crash is coming, there is just to much shit happening for it not to.
Stop Spreading fear & panic about the tax proposals. Don't take advise from this woman.
@@phyllisweeks1110 do you own a home? Would you like to pay taxes on the unrealized gain in value? Not interested in Kamala’s policies … not sure she even knows what they are. Disappointed as I am an independent.. enjoy your day!!!
If you want the gov't to protect & take care of you, the gov't will need money. Lots & lots of money. Where will the gov't get cash? It needs to steal it from people who have assets to give it to those without assets. This is what unrealized capital gains is all about. My advice to those who are poor: make more money and don't ask for help from anyone.
@@DianeCardanoCasacio I do own a home. But, I am o where near having $400 million in unrealized capitol gains. As most people are not. Stay on the present when you talking about anything. I do taxes for a living. I most definitely know what they are. I paid some capitol gains taxes on a rental I sold in 2021. I am very familiar with taxes and capitol gains taxes.
@@phyllisweeks1110 You can't even spell "capital" correct. Ugh.