This feels like the cleanest way. Trying to tax unrealized gains becomes a clusterfuck situation, especially for private companies and illiquid assets, because how will the valuations be done? This way all the mechanisms are already in place.
The way to fix this problem is to make borrowing an amount in excess of your basis in a stock taxable. In other words, if you have $10 billion of stock in a company you founded with zero basis, loans secured by the stock should be taxable as if you sold a like amount of stock. So, for example, if you borrowed $1 billion you would have a capital gain of $1 billion. This would be both fair and practical to implement.
Things aren't going well for Vance. He's like 11 days into his VP nomination and already can't go near a couch ever again.
grant retweeted
Trump has no respect for the Constitution, and neither do his supporters. Expect him to get exactly 0 serious call-outs for this statement.
I think what we’re seeing is 8 years of pent-up demand for Republican ridicule after being suppressed by the implicit “when they go low, we go high” doctrine democrats held themselves to.
grant retweeted
“This sacred task of perfecting our union is not about me, it’s about you. Your families. Your futures.”
Tonight’s address reminded me once again why I am so proud to serve under the leadership of a deeply good man who is also a great American president.
grant retweeted
My fellow Americans:
It’s been the honor of my life to serve as your President.
I draw strength and find joy in working for the people.
But this sacred task of perfecting our Union is not about me. It’s about you. Your families. Your futures.
It’s about “We the People.”
My bet is that @SenMarkKelly is tapped for VP. Arizona is a swing state and Mark Kelly is a fucking astronaut.
This needed to happen.
BREAKING: Secret Service Director Kimberly Cheatle resigns after the assassination attempt against former President Trump at a rally. apnews.com/live/biden-trump-…
See, both sides are exactly the same.
Folks, calls to violence threaten our democracy’s foundation.
You can’t love your country only when you win.
Let’s solve our problems with ballots and elect @KamalaHarris as the next President of the United States of America.
It’s great that republicans are so concerned about Joe Biden’s health right now. I’m sure they mean well.