OPINION | LETTERS TO THE EDITOR: Tax scheme foolish | Have toehold in GOP

 OPINION | LETTERS TO THE EDITOR: Tax scheme foolish | Have toehold in GOP

Tax scheme foolish

The Democrats’ latest scheme is to tax “unrealized” capital gains. I believe that is outright theft. Capital gains or losses do not occur until you sell stock. The value of stock can always go back down and usually does sooner or later. So taxing unrealized capital gains is taxing imaginary money since you don’t have any income from unrealized capital gains.

And if you think it won’t matter to you because only “rich” people will be taxed, you are a fool. Every time Congress has taxed the rich, the middle class ended up paying the taxes. If you have stock or a retirement that is held in the stock market, you are a potential victim of this scam. Any time you vote for a Democrat, you are voting for another mouth you have to feed.

JR CROMWELL

White Hall

Have toehold in GOP

Recent polls say about 25 percent of Republicans believe Joe Biden was legitimately elected president of the United States and that about 34…

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