SnoopRob
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You know...I think that's a personal decision.
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2024 Presidential Election | ELECTION DAY 2024
- Thread starter nycfan
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- Politics
And a rhetorical question as well.
Centerpiece
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Since it’s been well documented that men of his age are all voting for trump, it’s safe to assume this soon to be convicted felon is a Trumper.
apple.news
24-year-old man punches election judge in face while waiting in line to vote: Police — ABC News
The suspect, Daniel Schmidt, was restrained by several members of the public.
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This article, while explaining the proposal, didn't seem to think it was a good idea...Right. And it’s not even a tax on all gains. Just making sure billionaires don’t pay less taxes on their new wealth than middle class Americans.
Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains
In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets...taxfoundation.org
“Under the new proposal, taxpayers with net wealth above $100 million would be required to pay a minimum effective tax rate of 25 percent on an expanded measure of income that includes their unrealized capital gains. Taxpayers would calculate their effective tax rate for the minimum tax and, if it fell below 25 percent, would owe additional taxes to bring their effective rate to 25 percent. Any additional taxes owed because of the minimum tax would be payable over nine years initially, and over five years going forward.“
quakerdevil
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Funnily enough, now he won't get to vote at all since he's being detainedSince it’s been well documented that men of his age are all voting for trump, it’s safe to assume this soon to be convicted felon is a Trumper.
24-year-old man punches election judge in face while waiting in line to vote: Police — ABC News
The suspect, Daniel Schmidt, was restrained by several members of the public.
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Thanks
It is this organizations Goal to oppose new taxes as far as I know It does give some good info
tallheel95
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I can't even comprehend having a net wealth of over $100 million. I think I might actually feel guilty, knowing that almost a third of Americans couldn't afford an emergency expense over $400.
lawtig02
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Right. Which is one of the reasons I posted it. When even organizations that don't support her plan are describing it in a way that's completely different from the way Zen and HY are describing it, that seems to add a little credibility in my view. The Tax Foundation's primary objection is not that it's a bad concept to tax some amount of unrealized gains for ultrawealthy individuals. It's that Kamala's proposal is complicated and difficult to administer, and therefore economically inefficient. That may be true, but it doesn't change the conclusion that, according to the vast majority of economic experts, Kamala's plan is immeasurably better than Trump's.
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No doubt it would be complicated-and the tax specialists on the Uber wealthy's payroll would constantly shift strategies to avoid it . It's worth the try to me -because the trend of money piling up in Untaxed places is accelerating and kind of terrifying
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What kind of psychopath are you?!? Feels more like medical test results day, to me.
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Maybe this would've been more apt:
Well I woke up this morning, I got myself a beer
Yeah I woke up this morning and I got myself a beer
The future's uncertain and the end is always near
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Except we don’t know if Santa will leave presents or plant a bomb in our house.
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superrific
Legend of ZZL
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The tax foundation is a right-wing think tank. Most of the assertions in the article are bullshit. This, in particular, has no basis in sound economics:
The proposal would increase the tax burden on US savers, placing foreign savers at a relative advantage as they would not face the minimum tax. Raising taxes on domestic savers reduces the amount of domestic saving in the economy. In turn, foreign savers would finance a greater share of investment opportunities in the US. Over the long run, American incomes would fall as investment returns flowed to foreign savers instead of American savers. It would also manifest in a shifted balance of trade, increasing the trade deficit, all else held equal.
1. The tax does not apply to "savers."
2. Generally speaking, foreign investment is a good thing for a country. FDI does not actually make domestic incomes fall. This is basic economics 101. Actually, it's not even that sophisticated. Weighing costs against benefits requires, you know, looking at both. This paragraph looks only at costs of FDI without considering the benefits that the FDI creates. It's just the standard analysis from ignoramuses who think trade deficits are a bad thing because foreigners end up holding more assets.
3. This paragraph seems completely oblivious to the single most fundamental principle of tax policy, which is that everything is a tradeoff. You have to raise money somehow. All taxes are distortionary in some way.
4. LOL at the idea that this tax would shift the balance of trade. The effect is too small to be noticeable either way.
Mulberry Heel
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Agreed. I've been through many presidential elections and everything up until actual votes start coming in is a waste of time, imo. The TV news coverage throughout election day until 6 PM is basically just a bunch of talking heads rehashing pre-election polls and checking out how heavy the voting in battleground states is and so on until the actual votes come in. Early exit polls aren't released until 5 PM, but even the early exit polls have been wrong before. I believe in 2012 The Drudge Report and some other internet media sites ran with breathless headlines that the exit polls looked really bad for Obama and really good for Romney, and of course Obama won anyway. I don't plan on watching any news coverage until the polls start closing around 6 PM in some states. Until then it's all just guesswork and partisan cheerleading on the TV networks, imo.
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