Harris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%
Harris Plan Would Bring Tax Increases for Richest 1% and Cuts for the Bottom 99%
"The contrast between Harris and Trump on taxation could not be more clear," said the executive director of the Institute on Taxation and Economic Policy.
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It's hard to tax income if there's no reported income
Unrealized gains tax. Lets fucking go.
Rewrite the laws that if it's collateral, it's realized.
Tax the loans based on collateral as income and you don't even need to figure out the value of the collateral.
Here we go; this guy gets it.
Then everyone taking out a home equity loan suddenly has to pay the taxes as if they sold their house.
Ok so make it that equity in a primary residence is exempt.
I just get loans on untaxed offshore collateral and write it off as a business expense like everyone else, don't you?