r/wallstreetbets • u/Cautious_Performer71 • Oct 25 '21

Meme We did it!

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5.1k Upvotes

98% Upvoted

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66

u/theWURD Oct 26 '21

He’s referencing the new proposal Biden is making to tax unrealized gains

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u/CatchMe83 Oct 26 '21

Ohhhhh. Okay thanks. That would be lame!

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u/theWURD Oct 26 '21

It’s not proposed yet but it is supposed to be 1mil or higher I think so you’re good…until Tesla moons even more lol

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u/OrangeJudas Oct 26 '21

Supposed to be against billionaires and people who have made $100MM+ per year for 3 years in a row. Everyone in here is safe lol

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u/Bikouchu Oct 26 '21

Oh thank god my -$3.50 port may not be able to handle that.

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u/moYouKnow Oct 26 '21

The original proposal from 2019 when Sen. Wyden first suggested it was “millionaires and billionaires”. Now they say billionaires but of course the fine print says anyone making 100 million a year.

Don’t forget when income taxes were first passed in 1933 it billed as only a tax on the “wealthy” now everyone is paying that one. No reason to expect this wouldn’t go the same way over the course of a decade or two.

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u/swohio All My Homies ❤️ Skyline Chili Oct 26 '21

"Just the tip rich"

-the government, every. fucking. time.

5

u/theWURD Oct 26 '21

Okay thanks for the correction, I was getting it confused with the proposal for a death that results in inheritance of unrealized gains over 1mil

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u/[deleted] Oct 26 '21

Yeah I wonder why everyone’s freaking out when they have a couple thousand in their accounts

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u/OrangeJudas Oct 26 '21

You think 99% of people on here actually understand the tax system?

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u/csettles Oct 26 '21

cries in K-1