At what point are taxes considered tyrannical?

Our forefathers rioted and destroyed property over a tax on tea, a luxury item.
>it only applies to billionaires durrrr
If they can do this to the rich and powerful, they can do it to you.
This is called "normalization." First it only applies to the bad guy billionaires so it's acceptable, then 10 years later it's expanded to apply to you too.

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Taxation is theft

In the beginning. Taxes are theft

The income tax is when it became tyrannical. The founding fathers didn't include that for a reason. They specifically designed their early tax system to exclude it.

>could generate 360 billion over 10 years
>2022 budget deficit is 475 billion in first five months of the fiscal year

When our taxes aren’t being used for things that benefit us or when we do not have a say in how much we are taxed. The former is what happened with the colonies, they wanted representation, the bongs didn’t give it to them, they said fuck you we’re going to make frens with the French and get you out out out.
For us right now? It’s both scenarios. Our money goes to things that benefit everyone except the people who pay them and the only argument they can counter with is “well it keeps them from going violent.” Fuck. That. We have both a corrupt system taking our money and blowing it, as well as a usurped government that hasn’t been a sovereign government for decades, if not over a century. It’s just not people take notice because we’re not an aspiring or peak power, but a declining one.

I would like to remind you faggots that when income tax was invented in the US, only the 1% had to pay for it. Soon this 20% will be for all.

what the fuck is this?
a new 20% tax on top over existing income taxes?
what the fuck kind of jewish shit is "unrealized gains"?
who the fuck thought this would go over well?
is there a list of supporters? does it include exactly enough people to make it happen?

why are you all so mad about a billionaire tax

>Unrealized gains
So a tax on the sale of property you don't intend to sell making so it's financially provident to not own anything less you be taxed on it, I am sure this won't have drastic consequences.

Taxing "unrealized gains".
The operative syllables are un and real. They are not real gains, because they have gained nothing.

The income tax is a great example of what I'm talking about, people just accept it as normal, no one even questions it outside of fringe communities like this one. Or they think it's bullshit but just shrug their shoulders like "well, nothing I can do about it."
If you have an asset that has theoretically increased in value you now owe taxes on that increase in value. But do you think the government will compensate you on unrealized losses? Lol.
Imagine if (read: when) they apply this to middle class home owners.

>If you have an asset that has theoretically increased in value you now owe taxes on that increase in value. But do you think the government will compensate you on unrealized losses? Lol.
>Imagine if (read: when) they apply this to middle class home owners.
oh i have already experienced this scam!
i bought a used vehicle a few years ago for a sweetheart deal which included me doing some labor for the guy.
the dmv decided what they thought i should have paid for the vehicle, and taxed me according to their made up numbe.

i shit you not.

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Unrealized gains = Say you buy stock worth 100 bucks. It jumps 50%, then drops 50%, then drops another 50%. You go from 100 to 150, then 100, then 50. You lost 100 dollars. Also, you owe taxes on 150 dollars.

>taxing unrealized gains

retarded

>You lost 100 dollars. Also, you owe taxes on 150 dollars.

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If the goal is to generate revenue why not simply stop subsidizing super corps like Amazon. Cut frivolous spending (Like the package for gender studies in Iraq) and spend one single year not sending billions to other countries?

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Your founding fathers included that income tax and unnatural taxes (not equal for everyone) were unconstitutonal.

So they included a ban on income tax

Schools roads military etc was not funded by taxes, it was via tariffs

The man who shredded the original constitution is also the man who began taxing the fuck out of Americans, ol Abraham Lincoln and his cult followers

well you see, the purpose is to impoverish the upper middle class
which is people with net worths between 5-20 million
These people are literally the backbone of society
And the bolshevik esq kikes always target these people first, as they are the true threat to globo kike

I know this won't happen, but I fervently wish the politicians and investors who caused this were trapped in the country when the money runs out and the greatest chimpout ever seen begins.

shill somewhere else, elon. noone cares if youre 20% lighter

>tax aimed at billionaires
>has loopholes
>unrealized gains
>barely changes what billionaires pay
>fucks over the middle class guy with some investments and a 401k

Just as planned.

This is an unconstitutional direct tax. It is illegal for the federal government to tax the value of property (in this case stocks) without the money coming from every state proportional to its population.

It is also fucking retarded to tax wealth that is invested in produces goods and services for everyone else. This is just an inefficient flat tax on everyone’s consumption. The only thing that should be taxed is the wealthy class’ consumption.

>cut spending
Nice joke.
They could collect $50 trillion in tax revenue every year and we'd still be in debt. All they do is spend.

The problem isn't that we have property tax, the problem is being outnumbered by hordes of NPCs that don't belong here who sput "muh roads and hospitals" when you try to explain to them that it's illegal and tyrannical.

The problem getting in the way of human advancement has always been the NPCs. I'm pretty close to cursing god for creating them and subjecting me to an existence that I have to share with them. Because they will not let us have fucking ANYTHING nice.

Just like income tax started at the 0.0010% of population and soon everyone ended up paying it due to inflation

>20 million net worth
>middle class

Excuse me while I laugh at the absurdity

fpbp. All taxes should be opt-outable. If you want to use shitty government services fine by me let me have an alternative.

This. This tax is absolute tyranny that will make it impossible for the traditional wealth building by the middle class. It's literally the opposite of what they're "selling" it as. It's designed to keep the elite as they are and make social mobility impossible for the plebs. Feudalism round 2

>the dmv decided what they thought i should have paid for the vehicle, and taxed me according to their made up numbe.
Massachusetts?

A few years ago they based the sales tax off of the actual sale tax. Now they use some "expert" to guess a value for the vehicle.
>T. friend bought a used motorcycle that wouldn't run for 1 grand, we spent a few months fixing it up, DMV "estimated" its value at 4k and charged him that much in sales tax.

Fucking kikes all the way down.

*producing goods and services…

At the current acceleration of inflation average house will be 20m usd in burgerland by 2030

BILLIONAIRES!!!!
(and unrealized gains).
>unrealized gains
You are going to owe taxes on money that was never even in your hand.

You sound like Moviebob.

>unrealized gains

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Billionaires are 0.000x% of US population, not even a thousandth of a percent of the total population

Don't forget that Congress will be exempt from this new tax, like usual

anything to address the deficit is an improvement over pretending it doesn't exist

In total value user, including property
I said upper middle class

20 million net worth is generally people who contributed greatly to society
These are high level engineers and medical professionals
people who improve and invent things
Bolsheviks kill these people
That is why Russia is a shit hole
Because the kikes killed 99% of the top 2.5% of the population

colorado.
fucking a, man.

short of raping your daughters in front of you, the government could do anything and you'd still not rise up. lack of testosterone = end of democracy. they won the most important war : the biological one.

Taxation is theft

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Right now they claim it is only for households worth more than $100 million (decidedly not middle class) but we know over time it will start to apply to lower brackets.
My question is how long until they level this sort of thing at actual middle class families?
>Sir, this is the IRS. Your home increased in value $50,000 this past year. That will be $10,000 plus tip.
>wtf I can't afford that
>Sorry sir. We are going to have to ask you to vacate the home. At gunpoint. Also, as part of the Build Back Better initiative, your home now belongs to a disadvantaged nigger family. Thank you for your service.

it's a 20% minimum tax rate on income
as in if you are taxed less than 20% your rate is bumped up to 20% if you are above a certain income bracket

And millionaires was the same in 1920 when income tax was aimed at them.

Now two houses are above 1m usd when millionaires back then had a purchasing power of billions today.

The billionaires should be taxed hard. The mega rich international parasites need to pay their dues for the right to exist in our countries and exploit our citizens.

>fed prints trillions per year
>OH BOY THAT 36 BILLION PER YEAR FROM TAXES WILL SURELY SLOW OUR COLLAPSE AND WILL SAVE US

This user is also correct
if you were a mid tier engineering profession in the 80s and 90s
bought property somewhere decent
your net worth is easily now between 5-10M

This is still upper middle class, not elite
20 million is not elite either
100 million is "almost" elite, as in your kids may know elite kids

If wages start to rise at the same rate/adjusted for the increase of CEO wages. Then you would have more support.

Libtards think owning shares in a company is equivalent to someone hoarding a bunch of food, cars, houses, hospitals, etc.
They think that by taxing those shares there will suddenly be more available consumption in the economy. They don’t realize that the value of those shares represent the productive capacity of the company, productivity that already produces consumption for everyone.

>taxed
how civil of you..

Couldn't you live fairly comfortably for the rest of you life with that money?

Already happening here in Argentina, they created a wealth tax that was for millionaires and due to inflation it now starts at 20k usd

>Billionaires: Eat ze bugs
>Also billionaires: Taxation is theft
Yeah nah
Take my side first kike

BURN THE JEWS

Taxation is theft.

Unrealized gains aka buying house and then selling it for higher price without having done anything except prevented owner occupant from buying it at the lower price in the first place

Yeah idgaf it only harms the people who ‘literally’ produce and contribute nothing to society except problems

>tax unrealized gains
>write off unrealized losses
kek

As usual this will apply to normal people within 5 years.

This will guarantee you own nothing.

And this faggot want cancel the students load....

Maybe cut corruption and misspending in the government first
That way you will have more than enough money to fund all your programs and give everyone a tax cut

mfw the middle class gets taxed 20% instead, and billionaires get a tax cut Kek

This is not how it would work, if you read the article this is an annual process that happens at tax time. You declare how much assets you had throughout the year increased in value. Fluctuations in between are irrelevant.

It's a horrific policy but argue against it based on the fact that it destroys the free market, not a false flaw.

There is still a long way to go, in total we pay around 60% tax here an people love it. At least they keep voting for it

.....
.......
And then they came for me....

A system of governance which allows, then punishes billionaires is inherently flawed. If only there were a third position.

>aimed at

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Nigger they came for me first
You expect me to defend you now?

Not my problem, instead of rich people funding NGOs of antifa to attack Boomer conservatives maybe they should fund right wing groups that oppose taxes? Just an idea, maybe rich people should tongue my anus

Some may get away, but most wont. If they’re not safe here, they’re not safe anywhere. With every country in the world trying to break free of their grip, no one is going to want to take these people in. Especially if the movement that leads to their ouster is so autistic that they threaten any country that dares give these people asylum. Remember, these people are not elite. They’re silver spoon born untested smooth brains with a messiah complex who confuse peoples’ complacency with their will to be governed. If there is a chimp out in the proportions you say, every port, every plane, every single method of transportation out of this country will be monitored and checked for them.
Personally, as much as I hate pop culture, I think a hunger games scenario would be great. We make them and/or their children fight in a simulated environment until the last one is left alive, thinking they get to live, only to be shot now that their entrainment purpose has been fulfilled.

It’s not a billionaire tax. A billionaire tax would be taxing yachts, mansions, and private jets. A tax on merely holding shares of productive companies is an inefficient flat tax on everyone.

20% seems to be too low, there should be a standard around 30% for all.
Why? Because infrastructure, public services and military are expensive and need to be up to date. If we tax Elon Musk with 30%, we can build many more submarines, fighter jets, research into hypersonics, ... - he can't run away either, we will tax him everywhere.

Exactly what will happen, middle class gets fucked hard if they tax unrealized gains. "Poor" people don't have extra cash in their accounts to pay taxes on unrealized gains, so they have to sell positions to pay for the taxes and then it also incurs realized gains, which may now also be short-term because you couldn't hold the stock for a year.

It's a fucking scam, billionaires won't pay a dime extra. Just watch, they'll exempt Congress from it too

"unrealized gains" means you'll be kicked out of your house when some jew says it's worth vastly more and it's all in unrealized gainz. and god help you if they find those dogecoins on your harddrive.
also many burdensome taxes we have today were only supposed to be for """""""wartime""""""" and would end after we beat the germans but golly gosh gee the State decided they'd just keep those taxes because uhhhhhh there might still be more nazis.

>Don't worry, this only applies to billionaires
>also have we told you about our money machine? It goes BRRRR and you're getting a raise and that's a good thing.
>that will be ten million dollars for your loaf of bread.

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>it only applies to billionaires durrrr
t. niggers that doesn't understand what unrealized gains are

>taxing unrealized gains
it's all so tiresome...
they really won't stop until you own nothing and in orther to be happy theyll have to dumb you down to the double digit iq range

You think they will harm the same billionaires that are part of their little bilderberg or WEF meetings? My guess is that a lot of this tax money will find its way back in the hands of they friends while the few billionaires that are not part of their little cabal get fucked in the ass

You’re fucking retarded
I live in one of the highest cost of living places in the US, my net worth is 3 million including properties, and I am rich. I am not middle class. If I wanted to I could live off of my assets and never have to work again. Someone with 6x my wealth is not middle class anywhere in the fucking world lmfao

>taxing unrealised gains
>then tax them when they sell the stock
>taxed twice for same thing
illegal

>$360B over 10 years
Didn't they just spend that amount four times over on military equipment for their Ukrainian puppet in a hopeless effort?
No thanks.
Fuck you.