capital gains tax increase anta

[desiboys]

 

[ARYA]

Not sure about the accuracy of this statement..why do you need to pay tax on an entity which you technically did not make money on? coz you make money only when you sell an asset.

[desiboys]

5 minutes ago, ARYA said:

Not sure about the accuracy of this statement..why do you need to pay tax on an entity which you technically did not make money on? coz you make money only when you sell an asset.

It is called 'unrealized capital gains taxes'.  If you bought a home for 600K and lets say the value has increased by another 400K, you will need to pay 25% taxes on those gains. 

[JambaKrantu]

fool's idea

[Moon_Walker]

12 minutes ago, ARYA said:

Not sure about the accuracy of this statement..why do you need to pay tax on an entity which you technically did not make money on? coz you make money only when you sell an asset.

Basically they will screw people and squeeze them to death until they get every penny out of your pocket.

Its a corrupt system with scoundrels all over enjoying the money from general public and they will do as long as they can and nothing can stop them. Do you think you will receive Social Security money at the time of retiring? They will use that and 401K money too citing National Emergency or some law and you will not be able to do anything about it.

Take for example in California they plan to put 'exit tax' to anyone who plans to leave the state. Those Demrats ruling the state are the lowest scum i have seen.

[Spartan]

Unrealised meda tax endi ra...

g to tantaru janalu if it is done, I am going back to India.

[ARYA]

6 minutes ago, desiboys said:

It is called 'unrealized capital gains taxes'.  If you bought a home for 600K and lets say the value has increased by another 400K, you will need to pay 25% taxes on those gains. 

Yeah but its paper money right,  dont get to know if its real money until you sell your house for a mill 🤔

[ARYA]

2 minutes ago, Spartan said:

Unrealised meda tax endi ra...

g to tantaru janalu if it is done, I am going back to India.

Ila ite nuvvu 2.5 mill ki kattli unrealized CG tax 🤣

[TrishaManiac]

lanjakudakallara....bathakanivvara ?...blood boiling ee news chusthunte

[TrishaManiac]

is this surely going to happen ? we cannot trust titter news....fakes ekkuva

[reality]

Just now, ARYA said:

Yeah but its paper money right,  dont get to know if its real money until you sell your house for a mill 🤔

Tax Assessor dept nunchi info collect chesi chastharemo… since its a new thing, there will be new ways to collect the info about “unrealized” profit… lamdikodukulu… 

[Spartan]

I think one reasoning behind it is...

People are hoarding the money in stocks and not circulating...

by this  they want to force people to sell , cash out instead of keeping it in the market.

 

[pushpam123]

unrealized losses claim chesukovacha mari

[Spartan]

Just now, reality said:

Tax Assessor dept nunchi info collect chesi chastharemo… since its a new thing, there will be new ways to collect the info about “unrealized” profit… lamdikodukulu… 

 

2 minutes ago, ARYA said:

Ila ite nuvvu 2.5 mill ki kattli unrealized CG tax 🤣

 

Already House meeda property tax alage vestaru kada..appriceate aina value meeda..

inka nayam akkada 2% limit undi ..you cannot raise it beyond it ani...

 

[reality]

2 minutes ago, Spartan said:

I think one reasoning behind it is...

People are hoarding the money in stocks and not circulating...

by this  they want to force people to sell , cash out instead of keeping it in the market.

 

Yes… same way houses.