The 16th Amendment says Congress has the power to “lay and collect taxes on incomes, from whatever source derived.” And that has been understood to mean that the government may impose taxes on wages or earnings and stock dividends, but not on property or corporate wealth that grows in value. These are referred to as “unrealized gains.”
Investing is now “unrealized gains” to politicians.
They are "unrealized gains" that's not a term they just made up. They're theoretical gains that you'd have if you sold it at the current price, it shouldn't be taxed because it's not real money.
That'd be like if you had to pay taxes for 2024 on January 1st, 2024 based on the amount of money you could make. It's absolutely absurd.
Investing is now “unrealized gains” to politicians.
They are "unrealized gains" that's not a term they just made up. They're theoretical gains that you'd have if you sold it at the current price, it shouldn't be taxed because it's not real money.
That'd be like if you had to pay taxes for 2024 on January 1st, 2024 based on the amount of money you could make. It's absolutely absurd.
The rapist Bill Clinton proposed to tax “unrealized gains” on home owners that had extra rooms they could have rented out.
Prince John of Nottingham was less of a crook than today’s liberal scum.