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This is simple: Mark to market, and make them realize 2% of their assets to pay their taxes. That is what Real Estate Tax does to the middle class. The rich have had a 45 year tax holiday.

And you have to pay tax when u sell with a profit

Tax the billionaires

He’s screwing over his own cult, who are finally turning on him because it’s CRUSHING them. Imagine trying to gerrymandering only to STILL lose!!!

Tax income and profits after you get rid of all the bs deductions now allowed.

Vote the Red out! #VOTE_EARLY #believe_the_victims #pedo_rapist_felon_trump #idaho_gop_are_pedo_supporters #vote_early www.terriforidaho.com @kayleeforcongress.bsky.social www.SteveJohnsonForSenate.com www.lori4idaho.com @achillesid.bsky.social

Eat the rich!

You can value stock but what is really hard, actually impossible to value via appraisal are all the Private Equity the rich hold most of their wealth in. There are no public financial disclosures on Privat Equity assets. So how do you tax it?

And at this moment the importantste! Let’s get our, by the corrupt Trumpers stolen money back. All the money.

We will once we agree with perfecting the experiment. bsky.app/profile/vlf7...

HMM…

😡

So true!

💯👆

#EatTheRich

Tax the rich

I pay plenty of estimated taxes.

To be fair, though, the tax breaks on new yachts & private jets are equally available to us all!

It's worse than that, they're looking at having people pay taxes on unrealized real estate gains. In other worse, instead of just paying property taxes on the higher value, they're going to be soaked for income tax on the difference between the basis and assessed value. This will ruin people.

The tax code needs a rewrite to address this very issue

They make 5-600 times the hourly pay of their employees but they don't spend 600 times more. They sit on it. Then they use that extra cash to buy political figures and get tax breaks. They're the true parasites!

*are identifiable

I'd set it lower like $10 million and you need to pay tax. But the problem is worldwide asset class taxes fail. Some European countries tried it, failed and gave it up. Better to clean up deductions from income to get real reform

Exactly! I'd also like to know why I'm paying $300 a yr in taxes for schools, and I never had kids!

Canada doesn't have an estate tax. An income tax return is filed by the estate. Shares and other assets are treated as if they were disposed of at fair market value the day before death. We need to fix tax codes to reflect new types of assets.

That is a perfect comparison, good job there, love it!! 💙💙💙🌈🌈🌈💙💙💙

Never thought about that, but it's true.

So we should tax loans that are taken against unrealized capital gains.

Tax the fucking oligarchs!!!

Absolutely!

End Citizens United. All the poisoned apples fall from that damn tree.

💯🎯🔥

They talk about their “worth” We can tax them on the assessed value of their portfolio!

#Canada

Yeah! Wait a minute here.

My property values supposedly went down but my property taxes went up! 🤬💸💸🤬

2/Example: instead of shares, you receive “non-qualified options” to purchase 10,000 shares for $10/s. You owe no tax. If you proceed to purchase the shares at a time when they are now valued at $15/s, you owe taxes on the “gain” of $50,000 even if you haven’t sold them.

With the current tax code, we're lucky if capital gains for billionaires are taxed at all.

Process skewed for the extreme wealth populace to remain both untaxed and unaccountable. Only bought politicians would action such policies. Really, they are supposed to work FOR you. Not the elites.

There is one difference, property normally appreciates and if it depreciates you can ask for a reassessment to lower your taxable value. Stocks on the other hand can change their value from one day to the other…. You could be forced to pay a yearly value that is totally unreal.

good question

AND they take most of their income in the form of loans, which are not taxed, and are never repaid by them OR their inheritors

And Musk used his as collateral when buying twitter, I read somewhere.

Love this!

Now you're beginning to grasp the depth of your servitude!

I noticed my home market value goes really high from May-August 30. That’s when the house tax arrives. After August 30, it depreciates by 15-25 thousand, until the next May-August hike. I’ve been watching this for years. The town claims more people look for houses during that timeframe. 🫤

🎯

I agree with you on the property tax. It doesn't seem fair at all. COLA is a percentage increase. 3.6% of nothing is nothing 3.6% of $500 is $18 3.6% of $5000 is $180 How about they give everyone the same increase. Those that get the least need it the most.

Line em up, and knock em down. By any means necessary!

Tax the hell out of the rich.

We could fix this by limiting stepped-up basis upon death for unrealized gains. The wealthy would no longer be able to pass assets on to their heirs untaxed.

Never thought about it like this!

Yeah that's a you know what to do kinda thing.

Keep Cash (not mob boss crypto) Flowing!

I never even gave the uber Wealthy a single thought until the Trump era. Now, I utterly DESPISE them! These people have found a way to destroy our Country from within. It’s horrifying to see. I’m ashamed & embarrassed at how easily our Country has fallen prey to these ASSHOLES! Screw BILLIONAIRES.

you're so epic :3

Very good point except that it's really not funny.

And they don’t get taxed after the cap for Social Security. 😡

And more oddly the rich have huge debts at their own companies, as funds from debts are not taxable too.

This is a brilliant argument