@USMNT This referee should never be given a game at the highest level again. One of the worst decisions I have seen in any sport, inexcusable and pathetic
It’s with great sadness, we mourn the tragic deaths of our friend Johnny Gaudreau and his brother Matthew Gaudreau.
Our hearts are broken by this devastating loss. Johnny was and always will be a member of the Flames family and loved by all of Calgary.
Unrealized capital gains 101:
You bought 100 shares of Zoom stock in Jan 2020 for $75 per share
Ends year at $350 per share but you didn’t sell giving you an unrealized gain $27.5k
Under Kamala’s plan you owe $6,875 in taxes (25% of $27.5k)
But you didn’t sell so you don’t have the cash. you pay taxes out of savings
You continue to hold until August 2024. Finally sell for $60 per share
You LOST $1,500 on the stock PLUS you paid the taxes on the $27.5k of “gains” you never actually received since they evaporated
The initial tax proposal is only targeting $100M+ but that’s just the start. It opens the gates to lower the threshold whenever they choose
Before you know it every person who owns a stock is paying this tax
People stop buying stocks. Companies have less capital to invest into new products and develop technology
Economy tanks. Jobs lost
What a joyful future
Well there it is. 25% tax on unrealized gains. 44.6% capital gains tax
Define wealthy people?
The stock market will crater if any of this gets through Congress.
You need to seriously take these things into consideration before voting.
This is absolute insanity.