In a newly unearthed video, North Carolina’s GOP nominee for governor says America was better then because Republicans "fought for real social change."
The modern rich are only rich on paper and in stock. For the rest they have debts that borrow against their stocks meaning they are still taxed at 0. This needs to be adressed as well then. Maybe by counting the cash out of such loans as realized gains or something.
tax on unrealized gains based on the tax year those gains happen, same with losses.
Big win one year? awesome! pay taxes!
big loss next year? bummer! no taxes if you only lost money… but no carrying that shit over.
Imagine all that money which would have FLOODED the economy post-covid while people were poor as shit that would have wiped out the national debt which in no small part was from handouts to the ‘welfare kings’ with businesses that pocketed tons of free cash from dumpy’s bailouts in covid times. Full circle could have been nice.
The modern rich are only rich on paper and in stock. For the rest they have debts that borrow against their stocks meaning they are still taxed at 0. This needs to be adressed as well then. Maybe by counting the cash out of such loans as realized gains or something.
tax on unrealized gains based on the tax year those gains happen, same with losses.
Big win one year? awesome! pay taxes!
big loss next year? bummer! no taxes if you only lost money… but no carrying that shit over.
Imagine all that money which would have FLOODED the economy post-covid while people were poor as shit that would have wiped out the national debt which in no small part was from handouts to the ‘welfare kings’ with businesses that pocketed tons of free cash from dumpy’s bailouts in covid times. Full circle could have been nice.
Instead we just get f’d.