kevin_strom on Nostr: Under the regime in Washington's proposed "unrealized capital gains" tax, we'd have ...
Under the regime in Washington's proposed "unrealized capital gains" tax, we'd have to pay 20% on inflationary "gains" even if we never sell an asset or receive a dime. So if the banker/government combine launches us into Zimbabwe-style inflation, then we'll all "owe" billions even if all we own is a tiny Rust Belt home, a '99 Nissan, and a drawer full of thrift store clothes.
Published at
2024-01-20 10:49:11Event JSON
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"content": "Under the regime in Washington's proposed \"unrealized capital gains\" tax, we'd have to pay 20% on inflationary \"gains\" even if we never sell an asset or receive a dime. So if the banker/government combine launches us into Zimbabwe-style inflation, then we'll all \"owe\" billions even if all we own is a tiny Rust Belt home, a '99 Nissan, and a drawer full of thrift store clothes.",
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