In New York and Illinois, for example, the proposed bills would change the rules around capital gains and estate taxes to tax unrealized gains even if an individual hasn't sold the asset. This so-called mark-to-market form of taxation has been proposed at the federal level by Senate Finance Committee Chair Ron Wyden (D-OR).
Illinois doing its best to chase the rich out of the state. Look out Florida and Texas, the rich will be fleeing high taxes and are coming your way. All that will be left to pay taxes will be the poor hardworking family man. Taxes will go so high you will think today is the good old days.
debtsor
3 years ago
Democrats enact policies to create massive inequality. Things become really unequal and the peasants start complaining. Democrats enact new laws to ‘fix’ the inequality they alone caused. The ‘fix’ will most certainly make things worse.
Giddyap
3 years ago
Failed socialist states are running out of other people’s money
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This is your que to duck!
Illinois doing its best to chase the rich out of the state. Look out Florida and Texas, the rich will be fleeing high taxes and are coming your way. All that will be left to pay taxes will be the poor hardworking family man. Taxes will go so high you will think today is the good old days.
Democrats enact policies to create massive inequality. Things become really unequal and the peasants start complaining. Democrats enact new laws to ‘fix’ the inequality they alone caused. The ‘fix’ will most certainly make things worse.
Failed socialist states are running out of other people’s money