AOC looking to tax unrealized gains in NY

[WeaverIsComing]

According to Bloomberg, AOC's proposed wealth tax would tax the wealthy on unrealized gains in their stock portfolios. Currently, investments typically aren't taxed until they are sold and a profit (or loss) is realized.

https://fundexcludedworkers.org/

Tell Governor Cuomo we must tax billionaires to create emergency income, including retroactive payments, for all excluded New Yorkers.

Yes that includes all illegal aliens.

HOW DOES IT WORK?

• Flat rate monthly cash payments direct to families - based on $750 per week to each worker - what a typical low wage worker with Unemployment Insurance receives.
• Monthly payments retroactive to the start of the COVID-impacted unemployment crisis, and continuing at least through the end of 2020, like Unemployment Insurance, with triggers to continue the program thereafter.
• Flexible application and proof requirements given the urgent crisis situation. Include self-attestation and information that off the books workers are able to provide - documents for proving identity can be the same as those for getting drivers licenses under Green Light.

HOW TO PAY FOR IT?

• We are calling for New York to immediately enact a “Mark to Market” billionaire wealth tax to bring in an estimated $5.5 billion this year.
• American Billionaires are $565 billion richer than they were at the start of the coronavirus pandemic.
• Many of our people have ZERO income. There are 118 billionaires in New York State - plenty of wealth to fund emergency income.

 

[9nationalchampionships]

It is fun to spend other people’s money!!

 

[NCPitt]

It is fun to spend other people’s money!!

Or, in this case, it's fun to spend other people's non-money, too.

 

[pittbb80]

But Joe thinks she’s brilliant

 

[9nationalchampionships]

exactly, it is like a bartender charging you for a tip on your next drink

Or, in this case, it's fun to spend other people's non-money, too.

 

[pittbb80]

exactly, it is like a bartender charging you for a tip on your next drink

actually it’s like charging tax on a gamblers Predicted winnings

 

[bayardstreet]

The exodus of wealthy people from New York will continue. Same goes for New Jersey. Corporations are relocating head quarters to Florida. Retired people can’t live with the high taxes and auto insurance etc so they move if possible. AOC is everybody’s problem now

 

[TFBaum]

According to Bloomberg, AOC's proposed wealth tax would tax the wealthy on unrealized gains in their stock portfolios. Currently, investments typically aren't taxed until they are sold and a profit (or loss) is realized.

https://fundexcludedworkers.org/

Tell Governor Cuomo we must tax billionaires to create emergency income, including retroactive payments, for all excluded New Yorkers.

Yes that includes all illegal aliens.

HOW DOES IT WORK?

• 
  
  
  • Flat rate monthly cash payments direct to families - based on $750 per week to each worker - what a typical low wage worker with Unemployment Insurance receives.
  • Monthly payments retroactive to the start of the COVID-impacted unemployment crisis, and continuing at least through the end of 2020, like Unemployment Insurance, with triggers to continue the program thereafter.
  • Flexible application and proof requirements given the urgent crisis situation. Include self-attestation and information that off the books workers are able to provide - documents for proving identity can be the same as those for getting drivers licenses under Green Light.

HOW TO PAY FOR IT?

• 
  
  
  • We are calling for New York to immediately enact a “Mark to Market” billionaire wealth tax to bring in an estimated $5.5 billion this year.
  • American Billionaires are $565 billion richer than they were at the start of the coronavirus pandemic.
  • Many of our people have ZERO income. There are 118 billionaires in New York State - plenty of wealth to fund emergency income.

She is an idiot plain and simple. Why don’t we collect sales tax on food not sold.

 

[caleco's]

why dont we just estimate someones total income potential for their lifetime and just collect the tax now? what an idiotic take on taxation and income

 

[pittbb80]

She’s an advisor to Biden


Let that sink in

 

[revampedpanthers]

I do not have a problem increasing the capital gains tax but this is just ludicrous. It's pretty obvious the extreme left and to be honest that is now 50 percent of Dem politicians don't want to rebuild the middle class. Bidens new college proposal proves that. Free college for those coming from households making under 125k a year. A family of four making 150k to 200k is the definition of the middle class but they want to exclude those people from free college. That won't effect the rich that can pay for college but most family's making 150k a year aren't able to do that. And when they realize that to pay the one trillion for this plan and 2 trillion for the green new deal, let's be honest they will both cost much more, and all the other goodies come through we will either rack up massive debt or see taxes go up on the middle class

 

[9nationalchampionships]

Wall Street should announce plans to move out of NY

I do not have a problem increasing the capital gains tax but this is just ludicrous. It's pretty obvious the extreme left and to be honest that is now 50 percent of Dem politicians don't want to rebuild the middle class. Bidens new college proposal proves that. Free college for those coming from households making under 125k a year. A family of four making 150k to 200k is the definition of the middle class but they want to exclude those people from free college. That won't effect the rich that can pay for college but most family's making 150k a year aren't able to do that. And when they realize that to pay the one trillion for this plan and 2 trillion for the green new deal, let's be honest they will both cost much more, and all the other goodies come through we will either rack up massive debt or see taxes go up on the middle class

 

[NCPitt]

According to Bloomberg, AOC's proposed wealth tax would tax the wealthy on unrealized gains in their stock portfolios. Currently, investments typically aren't taxed until they are sold and a profit (or loss) is realized.

https://fundexcludedworkers.org/

Tell Governor Cuomo we must tax billionaires to create emergency income, including retroactive payments, for all excluded New Yorkers.

Yes that includes all illegal aliens.

HOW DOES IT WORK?

• 
  
  
  • Flat rate monthly cash payments direct to families - based on $750 per week to each worker - what a typical low wage worker with Unemployment Insurance receives.
  • Monthly payments retroactive to the start of the COVID-impacted unemployment crisis, and continuing at least through the end of 2020, like Unemployment Insurance, with triggers to continue the program thereafter.
  • Flexible application and proof requirements given the urgent crisis situation. Include self-attestation and information that off the books workers are able to provide - documents for proving identity can be the same as those for getting drivers licenses under Green Light.

HOW TO PAY FOR IT?

• 
  
  
  • We are calling for New York to immediately enact a “Mark to Market” billionaire wealth tax to bring in an estimated $5.5 billion this year.
  • American Billionaires are $565 billion richer than they were at the start of the coronavirus pandemic.
  • Many of our people have ZERO income. There are 118 billionaires in New York State - plenty of wealth to fund emergency income.

AOC has no business telling the state what it should do. She is a federal representative from one district. She needs to run for state office if she wants to effect state business.