For just stocks mine is a pretty lowly $6,198 USD right now, National Average according to Federal Reserve Data says $87,000 Median and $333,945 Mean.
You said:
Even if you were somehow blessed to have more than that - you still wouldn’t qualify as one who needs to pay this kind of wealth tax.
But that’s not what the meme says at all. The meme says nothing except that unrealized gains should be taxed. That’s not good enough, you need to be more specific.
The Vast Majority of US Citizens do not have adequate retirement savings, and we’ve got this Meme saying a 2.98% annual unrealized gains tax is a solution to problems? We need to be a lot more specific about when and how this tax works if we want to avoid harm.
For just stocks mine is a pretty lowly $6,198 USD right now, National Average according to Federal Reserve Data says $87,000 Median and $333,945 Mean.
You said:
But that’s not what the meme says at all. The meme says nothing except that unrealized gains should be taxed. That’s not good enough, you need to be more specific.
The Vast Majority of US Citizens do not have adequate retirement savings, and we’ve got this Meme saying a 2.98% annual unrealized gains tax is a solution to problems? We need to be a lot more specific about when and how this tax works if we want to avoid harm.