Yellen proposes a tax on unrealized capital gains. That means you could lose your house

Sharing is Caring!

U.S. Treasury Secretary Yellen proposes a tax on unrealized capital gains to finance Biden’s “Build Back Better” plans

An “unrealized gain” is when something you own gains value, but you don’t sell it, like your house or your retirement fund. So when there’s inflation and it goes up in value, you’ll probably have to sell it to pay the taxes.

See also  ‘Buy now, pay later’ orders jumped 68% during the week of Black Friday (Yellen the Felon calls this "evidence of a strong consumer" - let's see what she calls it when millions of debt donkeys end up defaulting on their loans)

Oops, someone’s posted about it. Didn’t show up because my headline was Yellen not Biden. Sorry


h/t Tess

See also  Cryptos were only possible in a world awash in Yellen Bux liquidity, but now the party's over, baggies.

Views: 18

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.