Some more taxes, huh? Living in the free and awesome country of America – the Biden version.
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Biden’s Treasury Secretary, Janet Yellen, went on CNN and said they want to tax ‘unrealized gains’ from the top 1 % to pay for the bill.
In other words, they want to tax wealth that hasn’t even been created yet!
I am amazed by all the ways Biden’s admin can think of to make wealth on the backs of American taxpayers!
Here’s more from Breitbart News.
“U.S. Treasury Secretary Janet Yellen proposed taxing billionaires’ unrealized capital gains to fund President Joe Biden’s $2 trillion spending bill — a bill which the president has claimed costs $0.
During an interview with CNN on Sunday, Yellen touted the idea of taxing the unrealized capital gains of the wealthiest 1 percent, though she claimed the measure would not count as a “wealth tax.”
Here’s what she said:
I wouldn’t call that a wealth tax, but it would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals, and right now escape taxation until they’re realized. And often they are only realized in a death, benefitting from a so-called step-up of basis.
So, it’s not a wealth tax, but, um, a tax on unrealized capital gains of exceptionally wealthy individuals.”
NEW – U.S. Treasury Secretary Yellen proposes a tax on unrealized capital gains to finance Biden's "Build Back Better" plans.pic.twitter.com/pefi3PhoDe
— Disclose.tv (@disclosetv) October 24, 2021
So, the bill costs nothing, remember?
say it out loud, and repeat it as long as you need to believe in it!
Has it worked just yet?