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Top Democrat Proposes Annual Tax on Unrealized Capital Gains

posted by martyb on Sunday April 07 2019, @12:19AM   Printer-friendly

An Anonymous Coward writes:

April 2, 2019

Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, announced today that he would soon release a proposal to eliminate massive tax breaks enjoyed by the wealthy on their capital gains income. If successful, the proposal would ensure that income from wealth is taxed just like income from work.

His plan, which he has promised to flesh out in a white paper in the coming weeks, would tax the appreciation of assets owned by the very wealthy as income each year, an approach known as mark-to-market taxation. It would also subject that income to ordinary tax rates rather than special, lower income tax rates that apply to capital gains.

https://itep.org/sweeping-reform-would-tax-capital-gains-like-ordinary-income/
https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383

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  • (Score: 0, Redundant) by khallow on Tuesday April 09 2019, @12:45AM (2 children)

    by khallow (3766) Subscriber Badge on Tuesday April 09 2019, @12:45AM (#826465) Journal
    For a topical example of ad hominem, being accused of being a bootlicker - not an ad hominem. Claiming that someone's argument is wrong because they're a bootlicker - is an ad hominem.
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  • (Score: 2) by Azuma Hazuki on Tuesday April 09 2019, @01:13AM (1 child)

    by Azuma Hazuki (5086) on Tuesday April 09 2019, @01:13AM (#826476) Journal

    Oh no, don't misunderstand; your arguments are wrong because history has shown them to be. You are a bootlicking traitor *on top* of being wrong. That doesn't make you any more wrong, it just makes you that much more contemptible and pathetic.

    --
    I am "that girl" your mother warned you about...

    • (Score: 1) by khallow on Tuesday April 09 2019, @02:00AM

      by khallow (3766) Subscriber Badge on Tuesday April 09 2019, @02:00AM (#826509) Journal

      Oh no, don't misunderstand; your arguments are wrong because history has shown them to be.

      The same pattern of bullshit as always. Funny how you can never ever specify an actual example of this alleged behavior.