Alexis and Dean
Region: US
Sunday 01 September 2024 22:35:02 GMT
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Nicole :
Example: Elon Musk used his Tesla shares as leverage to buy Twitter. He's using his stock as currency, but never being taxed on that form of currency. That's the loophole
2024-09-02 05:16:32
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Bridgid :
It’s estimated only 11,000 taxpayers will be impacted. And it’s only if you aren’t already paying 25% of your net worth through other means. It’s an attempt to fix loophole for ultra rich…
2024-09-02 00:02:19
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Eduzel :
Uufff I just got lucky only 99.99M short 😁
2024-10-01 17:51:56
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Sterling Blue :
Thanks Dean! Explained it perfectly! This is a good thing for 99% of America
2024-09-02 03:33:23
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Manny :
A threshold of 100 million is where it starts. They said the same thing about income tax. Only the rich would pay it.
2024-09-01 22:47:08
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I live in Vegas :
So those with 100M plus has a problem lol🤣
2024-09-01 22:46:09
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Angela Daniels :
$100M AND you pay less than 25% in taxes. It’s a way to get the wealthy to pay their fair share OR YOU HAVE TO PAY THEIR PART
2024-09-02 00:18:21
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root_directory_of_evil :
When income tax started in 1913, it was only for the richest 1%. Now, everyone pays. This will be the same.
2024-09-01 23:03:15
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andrewtrujillo396 :
Broke no worries here
2024-09-07 00:06:16
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Joyce Lopresto :
This is so people like Elon Musk who can buy Twitter with unsold stocks also pay tax on that.
2024-09-02 01:20:46
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user9262670575303 :
They say $100 million today but it will soon be $1 million. They will eventally tax everyone!
2024-09-01 22:47:34
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user9626058086723 :
The problem is they open that door 🚪
2024-09-01 22:49:24
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Daveflorida007 :
Do you honestly think they’ll stop at people with $100 million?
2024-09-02 03:12:04
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ShadyLadyofSaratoga :
The problem is they won't stop there! Next it will be those of us with $90 million, then $80 million, $50 million, $20 million! Where does it end?! "ya don't work, ya don't eat" - Jesus
2024-09-01 23:01:00
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Tom_Waits_fan :
You're correct about 100 million net worth, but your home's equity would not qualify for a capital gains tax. No matter its value. Capital gains taxes only apply to investment property.
2024-09-02 04:28:44
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Thomas A :
problem is they will not stop. they keep sliding the bar.
2024-09-01 22:42:18
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jessop2021 :
this became a thing because the 1% started accepting their salary as mostly stock options. decreasing their income taxes and then we all watched Elon buy Twitter with his stock without ever selling it
2024-09-01 23:01:47
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Adorian Deck :
THANK YOU for explaining this clearly for everyone, too many people are worried about their own homes and portfolios
2024-09-02 03:28:56
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Jbrobinson1972 :
Here’s the problem, if your net worth is $100 million then an unrealized capital gains tax could lower your net worth to $50 million. It’s just wrong
2024-09-02 01:17:44
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john2456787 :
It will start high and then trickle down to wage workers
2024-09-01 22:48:43
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T Marie :
We already pay unrealized capital gains tax…that’s how property taxes are calculated…on current value of the house, not what you bought it for.
2024-09-02 15:33:41
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Brina :
👁️👄👁️Me, who lives paycheck to paycheck and has a net worth of $100 watching this whole video
2024-09-02 00:53:17
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Classiccar56 :
Till they change the threshold once they’re in power
2024-09-01 22:43:31
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Dane Does Loans :
Income tax started only for the rich but now look where we are
2024-09-01 22:45:32
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