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2020 Democratic Presidential Nominees

Mr touchy feely homespun is pretty much the opposite of aloof.
 
lol sorry, read it the opposite, yes, he's anything but aloof
 
This isn't about presidential nominees, but the GA Senate got interesting with the announcement of Jon Astroff's candidacy. He's got a real shot. He helped turn a 23% Trump district to a Lucy McBath win.

If they could find someone to win Isaakson's seat, it could be game-changing.
 
Welp, if they’re more concerned about her than the dumbass presently in the WH then f’ ‘em.
 
Keep in mind, one of the reasons people supposedly voted for Trump is they thought Hillary was in bed with Wall Street and the Manhattan "billionaire" wasn't.
 
The scorched Earth Bernie Bro approach is annoying.
 
Not sure the best thread for this, but I found this a useful explainer of mark to market taxation, which to me makes a ton of sense to fix the capital gains problem. It would raise lots of revenue, and seems like a great way to better tax wealth without some of the sticky avoidance and legal issues of a straight up wealth tax.

https://equitablegrowth.org/taxing-...e-an-introduction-to-mark-to-market-taxation/
 
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You would have to have a pretty much unlimited carry forward and carry back. And what's going to happen the first time there's a massive Market correction that occurs between the end of the year and tax time. Here pay your taxes on an unrealized gain that has disappeared
 
You would have to get rid of the wash sale rules because many investors would have to liquidate their portfolios at the end of the year in order to pay the taxes on it and then reinvest at the beginning of the next year. This would cause large tax driven fluctuations in prices of stocks and bonds around the end of the year
 
Just raise capital gains tax rates from their current levels, add RMDs to various kinds of accounts or trusts similar to what traditional 401ks/IRAs have and minimize opportunities for step up basis and get on with it. That proposal sounds really complicated.
 
You would have to have a pretty much unlimited carry forward and carry back. And what's going to happen the first time there's a massive Market correction that occurs between the end of the year and tax time. Here pay your taxes on an unrealized gain that has disappeared

There are multiple ways to account for that, right? From the piece:

Lastly, as noted above, capital gains are a more volatile source of income than interest and dividends. In some years, capital losses exceed capital gains. Thus, the treatment of losses under a mark-to-market system can be important. A more generous approach would allow losses to offset any other sources of income in the current year. A more conservative approach would allow unlimited loss carryforwards, meaning that a loss in the current year can be deducted against investment income in any future year but cannot offset noninvestment income in the current year. In an alternative scenario, taxpayers might include only a portion of their gains and losses in income each year, effectively implementing a form of income averaging.
 
You would have to have a pretty much unlimited carry forward and carry back. And what's going to happen the first time there's a massive Market correction that occurs between the end of the year and tax time. Here pay your taxes on an unrealized gain that has disappeared

I almost posted this morning “I’m looking forward to ChrisL stopping by to tell us why this idea won’t work.”
 
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