@xenon said in Dishonest analysis from the White House:
@axtremus said in Dishonest analysis from the White House:
Keeping gains "unrealized" to avoid taxation is an option that rich investor class has that the poor working class does not
Sure - but unrealized gains are a lot broader than that.
Should you have to pay an additional tax every year if your house appreciates in value? Do you get tax credits when the market goes down?
On a practical level - who values the investments? For the public stock market it's easy enough - what about private equity investments.? What about art appreciation?
It would be a revolutionary change to tax unrealized appreciation - but all of the news articles based off of this read as "we did the math and the rich pay 8.2% and you suckers pay 30%+"
It's dishonest - and the White House is supplying the garbage fodder.
Oh, just wait until they start the whole “Republicans are trying to. Lock you from getting your Social Security Check nonsense.