Democrats’ favorite untruth is that all their plans will be paid for just by taxing millionaires and billionaires. Well, it used to be millionaires and billionaires. Then many Democrats became millionaires, so they only want to tax billionaires. Their latest scheme to pay for Joe Biden’s list of socialist, soggy dreams is the “unrealized capital gains tax.” When you cash out stocks, the money you made–the REALIZED gains–gets taxed. Democrats want to tax you before you realize those gains, then, I’m assuming, keep taxing you while you still unrealize them. Of course, they say this is just for billionaires.
Anyone […]
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