desiboys Posted April 30 Report Share Posted April 30 1 Quote Link to comment Share on other sites More sharing options...
ARYA Posted April 30 Report Share Posted April 30 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. Quote Link to comment Share on other sites More sharing options...
desiboys Posted April 30 Author Report Share Posted April 30 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. Quote Link to comment Share on other sites More sharing options...
JambaKrantu Posted April 30 Report Share Posted April 30 fool's idea Quote Link to comment Share on other sites More sharing options...
Moon_Walker Posted April 30 Report Share Posted April 30 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. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Spartan Posted April 30 Popular Post Report Share Posted April 30 Unrealised meda tax endi ra... g to tantaru janalu if it is done, I am going back to India. 4 2 Quote Link to comment Share on other sites More sharing options...
ARYA Posted April 30 Report Share Posted April 30 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 🤔 Quote Link to comment Share on other sites More sharing options...
ARYA Posted April 30 Report Share Posted April 30 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 🤣 Quote Link to comment Share on other sites More sharing options...
Popular Post TrishaManiac Posted April 30 Popular Post Report Share Posted April 30 lanjakudakallara....bathakanivvara ?...blood boiling ee news chusthunte 1 3 Quote Link to comment Share on other sites More sharing options...
TrishaManiac Posted April 30 Report Share Posted April 30 is this surely going to happen ? we cannot trust titter news....fakes ekkuva Quote Link to comment Share on other sites More sharing options...
reality Posted April 30 Report Share Posted April 30 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… Quote Link to comment Share on other sites More sharing options...
Spartan Posted April 30 Report Share Posted April 30 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. Quote Link to comment Share on other sites More sharing options...
pushpam123 Posted April 30 Report Share Posted April 30 unrealized losses claim chesukovacha mari Quote Link to comment Share on other sites More sharing options...
Spartan Posted April 30 Report Share Posted April 30 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... Quote Link to comment Share on other sites More sharing options...
reality Posted April 30 Report Share Posted April 30 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. Quote Link to comment Share on other sites More sharing options...
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