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They even taxing Venmo now
What happens when those "unrealized gains" you taxed this year turn out to be a huge loss next year? Does the government give those taxes back?
This is a problem of banks lending money but they want to make it out as a tax problem because they can make money that way
Would it work if the tax percentage is instead based on difference, instead of just fixed percentage?
Ya what happens when stock goes down 30 percent. Do they give you a rebate.
👍🏼
You have to sell your assets to pay for them lol
We've been down the "inequality" path before. It's a dead end. https://youtu.be/tK_d9s2pqrk
Watch how they still win the next election though
Tesla can move anywhere on the planet and avoid this for 24 billion.
I was attacked by a blk guy in 2020 and had my ankle broken. I'll never forget what Democrats did. Will you?
Taxation is theft, Tim. No crying but let’s face it. It’s sanctioned robbery because there is no reliable representation anymore thanks to wokies and rhinos.
Joe bid en like all Democrats are playing on the naiveness of young voters. Young voters have not realized that politicians are liars. And when they realized they've been lied to they get the lesson of hard knocks. Democrats have always targeted young voters.
it's a 20% tax on unrealized potential, meaning its not really the rich, its homeowners 🤣
The only fair tax is sales tax. The more you spend, the more you pay
When I get slapped I often move against the hand in order to prevent any misunderstandings about choreography 😂
The Alternative Minimum Tax 2.0? A wealth tax finally takes off the mask–it's based on the notion that the government owns everything, and deigns to let you keep a little bit of it.
Come on man, if you don't rub my legs and watch the little hairs stick up, uuuuuuuuuuhhhhhh shabamanapressure. You ain't black! Meet me outside you dog faced pony Ester. You'll see when you're in Libya people standing in front of a god damn tank saying ten percent for m- the big guy. sniiiiiiiiìiiiff smells like a little angel.
7:59 Tim that is such an unrealistic scenario because 90% of cars depreciate and then how do you think people who finance a car will get hit?
This happens with the death tax, that would end the family farm.
Easy, stop giving the government taxes which funds their ability to collect taxes
Please get Ryan Dawson on the show!
RYAN DAWSON TIMCAST IRL 2022! #WEARERYANDAWSON
Taxation is left Tim! The government infinitely dips into our pockets. lets say I make 100k a year. I get taxed on that income. Then I get taxed again on the food I buy, the gas to get to work, the car I bought, registration fees, the house I bought, property tax, capital gains if I sold the house for a profit. For Christ sake there is a death tax! By the time the cumulative bill of all taxes paid is factored in, doesn't matter the income, we are losing 50% of our income anyways.
"When more of the people's sustenance is exacted through the form of taxation than is necessary to meet the just obligations of government and expenses of its economical administration, such exaction becomes ruthless extortion and a violation of the fundamental principles of free government." Grover Cleveland
It's almost as if Biden doesn't CARE about his approval rating. Know who else doesn't care about approval from the people? Dictators
You don't know how to ride a punch, or this case, a slap tim?
I woke up feeling like a million dollars…got a bill from the government for $200K.
This sounds like a political weapon.
The "friends" of the government will be able to avoid this tax. While "malcontents" like Elon or Tim or any wealthy opponent, will be targeted. It will be used as a weapon against the establishments enemies. Luke the "parallel economy" that's coming
kek here in Germany the poor that are bit on substeties have to give half
If they start doing this it's time to sell everything and buy bitcoin and gold.
I'll just give you a TLDR of this proposed tax, every person with over 100 million will lose everything Theyve worked for and their companies will be bankrupted
We are witnessing the purposeful destruction of America.
I'm 74 years of age. 1960's Thrifty Drug Store (now Rite-Aid) triple decker ice cream cone 10 cents. Candy bars 5 cents or three for a dime. Just Say'n.
The rich already payes over 40% of all America's taxes.
Basically the government is Tony Soprano saying “ im gonna need 2 points back on that”
When the government cant balance a checkbook of other peoples money. ALL taxation is theft
at the rate biden is crumbling our system i feel like he may be an enemy infiltration to destroy us from within
That's not a tax. It's confiscation.
The fire service used to work exactly that way, you had to have a crest displayed to prove you pay or if they chopped it and didn't find it they would stand outside as the business burnt down.
We need a good ole California Recall Election. Or impeach his ass. We all know he has been bribed to hell.
Edit: 10%. Good enough for God, good enough for Caesar. Stop all subsidies or tax cuts in the tax code. Vacas!
"Look, folks. Human trafficking is expensive these days. Hairy legs and kids. Underground cages. Clinton Foundation. The CIA just told me that drug dealing is getting harder! We need to destroy black communities. C'mon, man! Pay your fair share! Jell-O pudding pops." – Joe Biden
It’s just a way to steal businesss, Vanguard and Blackrock enjoy that