08/21/2024
On Nov 5th please think with common sense. Think about providing anything for your family by working hard and being smart. SHARE THIS!
READ THIS! Unrealized gains explained like a lemonade stand. You are screwing everyone you love if you vote Kamala. Don't be selfish and cruel to your family and friends.
Okay, let's imagine you have a lemonade stand. You work hard all summer to earn $100. You decide to use that money to buy 100 lemons for $1 each, hoping to sell lemonade and make more money.
A few months later, people really want lemons and now each lemon is worth $2. Your 100 lemons are now worth $200. This extra $100 is called an "unrealized gain" because you haven't sold the lemons yet.
Now, imagine the government says you have to pay 44% tax on that $100 gain, even though you haven't sold the lemons. That's $44 you have to pay, but you don't have extra cash because you only have lemons! You might have to sell some lemons just to pay the tax, leaving you with fewer lemons to make lemonade.
Before this point, you've already paid taxes:
1. Income tax on the $100 you earned from your summer job
2. Sales tax when you bought the lemons
You've also done a lot of work:
1. Running your lemonade stand all summer
2. Researching the best lemons to buy
3. Taking care of the lemons so they don't spoil
When you do sell your lemons and pay the 44% tax, that money goes to the government. They use it for things like schools, roads, and parks. But it means you have less money to reinvest in your lemonade business or save for the future.
This can discourage people from investing because they might have to pay taxes on money they can't actually use yet, and it reduces the potential profit from their hard work and smart decisions.
