Potential Tax Implications For US Citizens
An episode of the Hard Asset Money Show podcast, hosted by Christian Briggs, titled "Potential Tax Implications For US Citizens" was published on September 4, 2024 and runs 40 minutes.
September 4, 2024 ·40m · Hard Asset Money Show
Summary
Christian is a guest speaker on the latest Voice of Reason podcast. Concerning the upcoming unrealized capital gains tax for US citizens… Kamala Harris, after being elected president, will write this law into effect and say “This is what we start taxing you on January 1st.” Whatever you own on December 31st of 2024, that's what's going to carry over to January 1st, and that's the asset base. Then they're going to use this model to come and get your asset base. What would you do differently today knowing Harris’ policies? Price control alone is going to destroy the economy. There's no way they would have broadcasted these policies, this unrealized capital gains tax, which is nothing more than a wealth tax. The Supreme Court ruled 7-2 in favor of it, and this decision paves the way for an executive order that could be used. The Supreme Court didn't say it's only on foreign assets. The verified and determined the validity of the law. It is constitutional by a seven to 2 margin. That means if you challenge this law, you're going up against 7 justices who have already said: this is the law of the land and we find it constitutional. People are now justifiably concerned about getting their net worth obliterated.
Episode Description
Christian is a guest speaker on the latest Voice of Reason podcast. Concerning the upcoming unrealized capital gains tax for US citizens… Kamala Harris, after being elected president, will write this law into effect and say “This is what we start taxing you on January 1st.” Whatever you own on December 31st of 2024, that's what's going to carry over to January 1st, and that's the asset base. Then they're going to use this model to come and get your asset base. What would you do differently today knowing Harris’ policies? Price control alone is going to destroy the economy. There's no way they would have broadcasted these policies, this unrealized capital gains tax, which is nothing more than a wealth tax. The Supreme Court ruled 7-2 in favor of it, and this decision paves the way for an executive order that could be used. The Supreme Court didn't say it's only on foreign assets. The verified and determined the validity of the law. It is constitutional by a seven to 2 margin. That means if you challenge this law, you're going up against 7 justices who have already said: this is the law of the land and we find it constitutional. People are now justifiably concerned about getting their net worth obliterated.
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