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Playing with fire
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Kooiker
Posted 2/10/2025 23:36 (#11098500 - in reply to #11098493)
Subject: RE: Playing with fire



I want you to explain to me how and why you think that everyone should pay income taxes on unrealized gains.


Because that is what you are championing with that idiotic image you have claiming that the rich only pay a 3% income tax rate.

Do you realize that under your proposed plan if you bought ground 20 years ago for $2000/acre and today it was worth $20,000/acre you would have to pay income taxes against $18,000 of unrealized gains/acre?

Do that on a 1/4 section.   You would have paid taxes against nearly $3 million of unrealized gains that were almost exclusively caused by govt created inflation.    15% tax on that would be a measily $432,000          That's on 1 farm.

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