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2025-11-18 Home Front: Politix

Illinois House Democrats push first-in-the-world wealth tax, streaming, concert taxes

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Posted by Besoeker 2025-11-18 10:13|| E-Mail|| Front Page|| [1781 views ] Top

1 And if an unrealized capital gain turns into an unrealized capital loss, does the taxpayer get a rebate?

Posted by Matt 2025-11-18 10:40|| 2025-11-18 10:40|| Front Page Top

2 ^ Funny guy! The ratchet only goes in one direction

Posted by Frank G 2025-11-18 10:47|| 2025-11-18 10:47|| Front Page Top

3 And if an unrealized capital gain turns into an unrealized capital loss, does the taxpayer get a rebate?

No, you get a fine for filing an incorrect tax form.

Posted by SteveS 2025-11-18 11:17|| 2025-11-18 11:17|| Front Page Top

4 A 7% amusement tax on streaming services such as Netflix and Spotify

That is interstate. That is solely federal authority. Another axe at the Constitution.

Posted by Procopius2k 2025-11-18 11:44|| 2025-11-18 11:44|| Front Page Top

5 LOL, guys.

Posted by Matt 2025-11-18 11:45|| 2025-11-18 11:45|| Front Page Top

6 A 4.95% tax on unrealized capital gains for individuals with more than $1 billion in assets.

If tax history is any indicator, the "4.95%" will be subject to annual upward adjustment. The $1 billion in top end assets adjusted downward.

Stand-by for the second hammer to drop, the homeowner/property equity aka "unrealized gains."

No rocket science needed to see where this is headed.

Posted by Besoeker 2025-11-18 12:01|| 2025-11-18 12:01|| Front Page Top

7 “Since wealth is the only thing that can cure poverty, you might think that the left would be as obsessed with the creation of wealth as they are with the redistribution of wealth. But you would be wrong.”

— Thomas Sowell

Posted by Matt 2025-11-18 13:32|| 2025-11-18 13:32|| Front Page Top

8 A 4.95% tax on unrealized capital gains for individuals with more than $1 billion in assets.

Ah'm safe.

Posted by Skidmark 2025-11-18 14:16|| 2025-11-18 14:16|| Front Page Top

9 Progressives also claimed that the income tax would only hit the top 1% too over 100 years ago.

Hold on to your wallet... but you won't and you will elect these fucktards again. Get it good and hard and don't come to our states assholes.

Posted by DarthVader 2025-11-18 16:37|| 2025-11-18 16:37|| Front Page Top

22:20 trailing wife
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