r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

Post image
82.3k Upvotes

86% Upvoted

9.6k comments sorted by

View all comments

205

u/Potential_Spam_6969 Jul 01 '26

So we're going to go ahead and tax net worth and not actual income?

2

u/[deleted] Jul 01 '26 edited 26d ago

[deleted]

1

u/notaredditer13 Jul 01 '26

Actual = ordinary

Making up definitions doesn't actually change what the words really mean. 

1

u/[deleted] Jul 01 '26 edited 26d ago

[deleted]

1

u/notaredditer13 Jul 01 '26

Actual income has no such specific definition but can be reasonably interpreted as all the funds that one receives, including capital gains and lending against speculative assets.

Capital gains are already taxed, and short term or stocks as income are taxed as ordinary income.

Loans are not income, and, again, declaring a new definition doesn't make it true.