Nancy Pelosi sõnul on miljardäride realiseerimata kasumilt rikkuse maks teel

Sinema OKs a Tax on Unrealized Gains

In the scramble to find a tax hike that all 50 Democrat Senators could support, Senator Kyrsten Sinema OKs a Tax on Billionaires’ Unrealized Gains.

Tõenäoliselt lisatakse uus iga-aastane maks miljardäride realiseerimata kapitalikasvule, et aidata tasuda tohutu sotsiaalpoliitika ja kliimapaketi eest, mille seadusandjad loodavad sel nädalal lõpule viia, ütlesid kõrged demokraadid pühapäeval.

"Tõenäoliselt tuleb meil varamaks,” ütles esindajatekoja spiiker Nancy Pelosi (D., California) pühapäeval CNN-is, märkides, et senati demokraadid töötasid endiselt oma ettepaneku kallal, mis ei ole tehniliselt rikkuse maks, kuid sarnaneb selle ideega tugevalt.

The proposal under consideration from Senate Finance Committee Chairman Ron Wyden (D., Ore.) would impose an annual tax on unrealized capital gains on liquid assets held by billionaires, Treasury Secretary Janet Yellen said Sunday on CNN.

"Ma ei nimetaks seda varamaksuks, kuid see aitaks saada kapitali kasvutulu, mis moodustab erakordselt suure osa kõige jõukamate inimeste sissetulekutest ja pääseb praegu maksustamise eest, kuni see realiseerub,“ ütles proua Yellen.

The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years, according to a person familiar with the discussions. The idea, for which President Biden recently expressed support after excluding it from his campaign plans and administration agenda, would affect a narrower group of people than the capital-gains changes that have already flopped among congressional Democrats.

A spokeswoman for Ms. Sinema said Friday that she was working with Sen. Elizabeth Warren (D., Mass.), who has pushed for an annual tax on the wealthiest Americans’ assets. That wealth tax that Ms. Warren talked about during her presidential campaign would have applied to all assets held by the wealthy. The proposal under consideration, in contrast, would focus on unrealized capital gains and it is expected to include a one-time tax on gains to date. That means a tech-company founder with $5 billion, almost all of which is unrealized gains, would be taxed more heavily than someone who just inherited $5 billion and has no unrealized gains under the tax code.

“I think it’s likely. I’m pushing hard,” Ms. Warren said Sunday on MSNBC of raising taxes on billionaires.

Yellen More Careful Than Pelosi

Senators Kyrsten Sinema and Joe Manchin objected to hikes in marginal rates so this appears to be the default option. 

Treasury Secretary Yellen was far more careful in her wording than Pelosi. The reason being that a wealth tax is likely to be found unconstitutional. 

K: Kas see on varamaks? 
V: Ma arvan, et ei, sest see on tulumaks, mitte varandus. 

The proposal by Senator Elizabeth Warren is a genuine wealth tax and easily could be tossed by the Supreme Court.  Warren obviously does not give a damn. 

Sellest hoolimata oodake 16. muudatusel põhinevaid juriidilisi väljakutseid.

Ettepanek maksustab realiseerimata tulu. Kuid kas "sissetulek" on enne kasumi realiseerimist? Kohtud otsustavad, kas see läheb edasi, kuid idee on parimal juhul kahtlane.

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Funding Shortfall

The proposal will likely affect fewer than 1,000 of the wealthiest U.S. taxpayers. Can that possibly cover $2 trillion in spending?

Pole võimalik. 

Mrs. Pelosi said the tax on billionaires’ assets would likely generate somewhere between $200 billion and $250 billion in revenue over 10 years.

Mis järgmiseks?

Assuming Joe Manchin holds firm at limiting spending to $1.5 trillion as opposed to the $2 trillion numbers sloshing around, Democrats “only” have to find agreement on another $1.25 trillion.

Hang On To Your Wallets

A friend commented: 

Hoidke oma rahakotist kinni. Nii aheldati meile algne tulumaks. Algne maks 1913. aastal kehtis ainult ülirikastele ja oli 7%. Keskmist ameeriklast ei maksustataks kunagi.

Me kõik teame, kuidas see õnnestus. Me kõik maksame realiseerimata kasumi eest enne kümnendi lõppu.

Also recall that big gains on December 31, 1999 would have been big losses by the first months into next year (and about ten years for the Nasdaq to get back to where it was). But a tax would have been assessed for 1999. 

Täname häälestamise eest!

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Source: https://mishtalk.com/economics/nancy-pelosi-says-a-wealth-tax-on-billionaires-unrealized-gains-is-on-the-way