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Jay Skywatcher's avatar

Unearned capital gains tax of 25% will force sales to pay the tax. Many homeowners will become homeless and the illegals can buy the house with her free down payment.

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Alzaebo's avatar

Exactly, exactly, my Harris voting friends were, umm, perturbed.

This is all part of the Great Taking; even your paper assets, such as stocks, will not have sufficient proof of 'ownership'. A commenter above mentions bail-ins, negative rates, and confiscation, and he is exactly right.

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Ron Anselmo's avatar

Yes, Alzaebo - after the Great Taking, it will be easier to tell what people don't own.

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Maria Goldstein's avatar

Go READ the policy, dimwits Jay & Kathy...dumb ass losers! Unless you have assets of more than $100 million dollars or earn income of more than $1 million per annum, there is NOTHING for you to be concerned about. I very much doubt that anyone on this blog would qualify for this new imposition on the very wealthy, except perhaps, JohnAZ.

https://taxfoundation.org/blog/harris-unrealized-capital-gains-tax/

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Beth Nicolaides's avatar

So, you lack ethics and a basic sense of finance and economics. Did you also wear a red diaper?

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Joseph Grills's avatar

Slippery slope

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JohnAZ's avatar

Huh? You definitely have an inflated idea of me? Maria, if you believe the pols are going to stop from taxing everyone because of campaign promises, you are going to be disappointed. The Left taxes more and more and spends more and more, it is their livelihood, their method of buying votes. They are evil. They will spend beaucoup bucks to figure out how to take money away from you without pissing you off.

You want an example? California, where tax and spend has evolved into an art. The goal of the national Leftists is to spread Californication all over the country. It is working well here in AZ.

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Ben R's avatar

Not just the left anymore the "right" also is spending like drunken sailors.

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JohnAZ's avatar

In DC, the Congress especially, there is no Left and Right, just Deep State. Their access and maintenance of power depends on spending. That is their number one priority, preservation of the Deep State.

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