🔻TYPICAL LIBERAL🔻
Independent probes reveal Gavin Newsom directed nearly $5 MILLION in taxpayer cash to the “Office of the First Partner”,a state office he created in 2019 for his wife, budget topping $1M.
“They’ve been stealing from California.”
@nettermike Gavin Newscum and California Democrats are the biggest pieces of shit in America. This is literally taking candy from a baby. They are taxing the future of children because they despise Trump.
@nettermike@NewportBeachNBT Could @GavinNewsom@CAgovernor be any more disgusting and greedy. This shows his greed blatantly and his lack of understanding how to budget. Not Presidential material let alone fit for society.
Unbelievable!
Newsom’s "Toddler Tax": California Raids Children’s Savings to Fund Sacramento Spending
SACRAMENTO — In a blatant act of partisan obstruction, the California Franchise Tax Board has announced it will refuse to recognize the tax-deferred status of the newly created Trump Accounts. This move effectively creates a "Toddler Tax," penalizing California families who participate in the popular federal program designed to help children build lifelong wealth.
The decision represents a radical departure from California’s standard practice of conforming to federal retirement and IRA laws, signaling that Governor Gavin Newsom is willing to weaponize the tax code against newborn savers to make a political point.
How the "Toddler Tax" Penalizes Families
While the federal One Big Beautiful Bill Act (OBBA) allows these accounts to grow tax-deferred until retirement, California will now treat them as taxable income.
Annual Wealth Raid: California will tax investment earnings every single year they are realized, rather than deferring them until distribution.
Taxing Parents for Employer Generosity: Employer contributions—intended as a benefit for the child—will be taxed as immediate income to the parents.
The "Kiddie Tax" Trap: Investment income above a certain threshold will be taxed at the parents' higher tax rate, draining the account's growth potential.
A Bureaucratic Nightmare
By refusing to conform to federal law, Newsom’s administration is forcing families into a "compliance nightmare." California parents must now maintain two separate sets of tax records for their children’s accounts—one for the IRS and one for Sacramento—just to avoid being double-taxed when the child eventually retires decades from now.
The OBBA: A Pro-Growth Vision
Signed by President Trump on July 4, 2025, Trump Accounts are a cornerstone of a new era of American prosperity:
Seed Money: Every child born between 2025 and 2028 is eligible for a $1,000 Treasury contribution invested in an index fund.
Private Investment: Family members and employers can contribute up to $5,000 annually, creating a robust financial foundation for every young American.
The Bottom Line
While the rest of the country embraces a "Peace through Strength" economic model that empowers the next generation, Governor Newsom is choosing to loot children’s piggy banks to fuel California’s bloated budget. When asked to override this decision, the Governor’s office remained silent, proving once again that in California, partisan spite takes precedence over the financial security of working families.
"California is positioning itself to turn a simple pro-growth reform into a compliance nightmare... a penalty on newborn savers."
Hey @NASCAR, @FOXSports why do you require you online talent to wear suits, especially when it's in the 80s like today? Nascar fans would be quite satisfied to seem them in polo shirts, it's more compatible with the lifestyle.
Unrealized gains tax for Gen-Z:
You buy a Pokémon card for $50.
Someone offers you $500 for it. You say no. You love that card. You're keeping it.
The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."
Government: "Don't care. Pay up."
You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.
Next month? That card drops back to $50.
Your card is gone. Your money is gone. And the government shrugs.
That's a wealth tax on unrealized gains. They don't pay you back the tax...
Now picture this.
Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.
But some website says it's worth more now and the government says she owes $15,000 she doesn't have.
So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.
Gone.
To pay a tax on money that was never real.
Now picture the opposite.
Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.
Next year the market crashes. His business is worth $200,000.
He lost everything to pay a tax on a number that doesn't exist anymore.
Does the government give him his money back?
No.
Does the government give him his truck back?
No.
Does the government care?
No.
They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.
You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.
You're not taxing wealth. You're taxing people for owning things.
It's like getting a parking ticket for a car you might drive somewhere someday.
They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.
There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.
I hope you understand what's at stake.
Times have certainly changed, haven't they? From valor on the battlefield to shortcuts in the arena. Is this progress or regression? Let's discuss how we got here.
Here it is:
Dominion forensic images confirm beyond a shadow of a doubt that an anonymous user logged onto the Election Management System remotely in Antrim County, Michigan, on November 5, 2020, and tampered with the database of the 2020 election.
“We’ve now proved that there was direct access to the Antrim County election management system. On November 5, we can see in the forensic images that an anonymous user logged onto the EMS remotely with escalated privileges and made changes to the database while they were trying to retabulate the election.”
Additionally, the Dominion forensic images also confirm that the “black solid boxes” on the side of ballots were deliberately tampered with in order to generate an automatic error, or “adjudication,” in Republican ballots only — in other words—Maricopa County, the Arizona 2022 General Election.
📝2020 was no election, it was a treasonous conspiracy—raid Michigan at once.
Sheriff Dar Leaf “I am in investigating the role that some individuals inside the United States have played in conspiring with Serbian foreign nationals, and who have even directed and instructed them to access and interfere with electronic voting machines, and electronic voting systems during past elections, including the overthrow of the U.S. government in the November 2020 election.”