Kamala's Tax Proposal: What It Means for Real Estate Investors

Kamala is STEALING my employee's retirement!
In this video, we dive deep into Kamala Harris' proposed tax bill and its potential impact on real estate investors. The bill suggests taxing unrealized capital gains at 25%, which could significantly affect the growth of real estate portfolios and the availability of affordable housing.
👤 What You'll Learn:
Tax Proposal Details: How the 25% tax on unrealized gains could change the game for real estate investors.
Real Estate Portfolio Insights: Learn about a massive $500 million portfolio, including 300 single-family homes and 1,500 multi-family units, and how current strategies like 1031 exchanges could be impacted.
Economic Impact: Explore the potential effects on job creation, affordable housing, and overall market stability.
Alternative Strategies: Discover how seller financing and strategic investments play a role in navigating these challenges.
📝 Action Items:
Share Your Thoughts: We want to hear from you! Drop your opinions about the proposed tax bill in the comments below.
Free Resource: Get a free wholesale real estate contract by commenting on the video.
🔍 Related Topics:
Financial strategies for long-term real estate investment.
The role of tax policies in job creation and market health.
Insights from the speaker's book, "Wealth Without Cash," and their unique investment approach.
📚 Stay Tuned: For more in-depth discussions and updates on real estate trends, don’t forget to subscribe and hit the notification bell!
Thanks for watching, and let’s work together to find a balanced approach that supports both investment growth and job creation! 💡
#RealEstate #TaxPolicy #InvestmentStrategy #KamalaHarris #AffordableHousing
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZbin video for entertainment purposes ONLY.

[@sweeziee4139]

To even propose taxes on unrealized gains on anything, not just real estate, is preposterous.

[@howiefine3074]

This is how communists think.

[@bthelight4444]

It’s already here

[@Kielbasa_n_mustard]

I think they want to tax everyone out of their homes so they can buy them out and claim affordable housing for all.

[@rickwarren8161]

All VP Harris is saying is the way of investing in real estate, art, jewelry, etc. and holding on to it as they increase in value, then dying is how currently one avoids paying yearly taxes...and that is also how the top earners of this nation avoid paying taxes, which has to change so all equally pay the 20% - 25% - 30% that the average school teacher, police officer, firefighter, office worker, yard man, housekeeper, care provider, doctor, counselor, nurse, etc. etc, etc. pays. Gotta stop. This nation is closely resembling the old European way of land owners vs. serfs (all who live on the owner's land and work it but all their labor goes to support the owners....they go without even basic needs of food... without any hope of things ever changing).

[@paulam1596]

No one seem to care about these basic points ..

[@inmate0054]

Property tax is a tax on unrealized gains

[@HopeStreetMedia-vq9dc]

Good point. So could Kamalas idea be categorized as double annual taxation?.

[@RC206]

Not really. The assessed value of a property can go up or down or stay the same over time. Property taxes are tied to/derived from the assessed value, NOT the Market Value of a property. Property taxes are a derivative of assessed value.

[@inmate0054]

@@RC206 tell that to my newly assessed property and so many others. I’m seeing some getting assessed over what their market value is

[@inmate0054]

@@RC206 it never gets assessed less That might be like winning the lotto

[@RMSx3-hx3po]

@@inmate0054it commonly gets assessed for less than market value 😂😂😂

[@DuaneL1961]

What you didn’t touch on is if the property ends up losing money down the road, you won’t get the unrealized capital gains taxes paid in previous years back.

[@UHN]

Yes because Kamala Harris totally has the best interest of Americans in mind when it comes to tax dollars.

[@SaundraLee]

Also, if the nightmare of a Kamala Harris term happens, she'd only be in for 4 years. [Please God no 8 years]. Besides, such things are decided by Congress. I highly doubt an EO could be drawn up & stick about this without some real pushback.

[@celtekrider2]

Unrealized gains can be something you could have lost, so every year I get to write off a 100 million in unrealized losses.

[@SaundraLee]

@@celtekrider2 unless there is proof, I highly doubt you can get away with that. IRS demands proof of tips, there's no way you can get away with writing off 100 million.

[@PaceMorby]

1000000000%

[@LivingtheSprings]

They’re trying to make homeownership, property management, and investing hard for a reason…

[@EconomicWarfare]

Bingo!

[@Maelu-op9gf]

You will own nothing and be happy

[@mait-bone4003]

It’s called communism!!!

[@RealEstatePhoenix]

They want Blackrock, Vanguard, or the government to own everything and the rest of us become Serfs of the King. Just like it was in Europe before America fought the Revolution.

[@Macdaddy_o]

To hit the 100 million cap fir this tax, you would need to own a lot of properties

[@TheMrPorter]

No one should be paying taxes on unrealized gains.

[@markcooke4866]

Agree 110% - how would people feel if their 401(k) was not tax-deferred?

[@JD-im4wu]

thats because u dont realize that the Multi Billionares own 90% of our wealth. The inequality is way too extreme to continue

[@TheMrPorter]

@@JD-im4wu Good for them, I own my wealth too. I wonder why there is such a large inequality between me and my cousins wealth? I chose to buy real estate, businesses and stay on top of my personal finances. He chose be a janitor and stay in debt. We chose to do different things. I'll never understand people like you that are always pocket watchin and crying about someones elses wealth. They are not stopping you from creating your own. Get to work!

[@peterkohm9742]

true

[@billyakin3301]

You can take "Unrealized Gains" to the bank and get a loan on money you don't have? NICE TRICK! NICE CON! Nice way to avoid paying taxes right? The property exits. The property has made money, the bank recognizes this, but the government is not supposed to? And you provide JOB'S on money you don't have? NOPE! You LEVERAGE money you don't have? How is that not a CON? I'll bet you have your property's appraised all of the time. What are they appraising? Nothing? I will also bet that if the value goes down you claim that LOSS on your TAXES right? THE GAME IS CHANGING! GET USED TO IT! You're still going to make money, just less. Boo Hoo...Boo Hoo

[@rvadventures]

I work for a guy like this, he keeps us busy with 1000's of home and hundreds of multi family homes that are rentals. Without guys like this there's no one other than black rock

[@anar9829]

But why it should be important for the Renters ?

[@PaceMorby]

@@anar9829 Because i provide affordable housing!!!! GOSH DAMN did you not watch the video. My average rents are $400 less than the average rents.

[@Kielbasa_n_mustard]

​@@anar9829dolt

[@ElevateYourWorth]

@@anar9829 tell us all more you're ignorant without telling us you're ignorant. Geez. What do you do, just ignore what you're being taught and come to the comment section and troll comments? Are you a renter? Do you want your prices to go even higher?

[@renegallegos7938]

@rvadventures...BR and similar mega investors are bankrolling the DUMOCRATS to squeeze you guys out...Just like WALMART and Walgreems did to the corner grocer and pharmacist...then prices go up to recoup the elimination of competition WE MUST work to assure DUMOCRATS dont touch presidency for at least 8 years.

[@RC206]

What he didn't mention is that the appreciation is a result of inflation. Inflation is a direct result of the Federal Reserve printing money and adding it to the money supply. As a result, the dollars that are now out there to spend can now buy less, so you have to pay MORE for the same thing. Taxing that appreciation (unrealized gain) is stealing. INFLATION IS A "HIDDEN TAX". It's a loss of buying power. Put $10,000 under your mattress beginning of 2019 and 5 years later it's only worth $8,047.60 (CPI-W 2019 - 2023). Real money stolen right from under our noses caused by the insane money printing and crazy spending by our government over the last 5 years!!! Printing more money and going into more debt/spending more money will only make this worse. Most people don't realize that inflation is, in fact, a hidden tax ON EVERYBODY. Why should anybody be TAXED AGAIN, EVEN MORE on unrealized gains that are caused by the government's monetary policies in the first place? THAT'S CRAZY!!! Who's going to sign up for that kind of ABUSE by the government? It ain't worth it! The capital of our country is going to FLEE to other places on the globe. Like KZbin channel Nomad Capitalist says, "Go where you're treated best". There will be a flood of people giving up their citizenships to go to other countries. And for those who say this unrealized gain taxation is only for those with $100M net worth, I don't believe it will stay at $100M for long. Social Security Income didn't used to be taxed and it is taxed now, which I think is wrong to do, because most of the people living off of Social Security Income are pretty darn poor. People that work a little and get Social Security Income get taxed on a good chunk of their Social Security Income, which was already taxed when it was withheld from their paycheck to begin with. The greedy government will change the rules at any time and tax and grab anyone.

[@CryptoRunner]

i dont know the guy in the video but he communicates well and presents the subject matter in what appears to be laymans terms that anyone can understand and upon finishign the video you want to just jump on board his train. And I agree with the premise of not taxing unrealized gains. The problem I have with this video is that its initial good impression turns into a big question mark in my mind as to him and his business model and investment opportunity because it is not a candid or fair representation of key facts related to the issues. It is vey onsided and ends in a compelling conclusion, but moments later I discover it does not mention some very key relevant points - the likes of which I did not learn until reading a number of comments. I still dont agree with the proposed law, but this person (Pace?) only explained it as if 1: it applies to every real estate investor, and 2: that it is a done deal if Kamala gets elected. Only after reding the comments did I learn that its not Kamalas proposal but rather that her team made a general comment that they agree with the tax proposal Biden submitted that includes this stuff as one small part of a much larger submission, and that this part of bidens proposal did not get approved, so its not a law, nor a forthcoming law at this time. He left out a few thigs that are sort of relevant, dont you think, such as that it only applies ot people with over $100 million in net worth for which 80% of their worth is in non-real estate asests. Another commenter said it narrows it down to a fairly small number of individuals like hedge fund managers. I dont agree with the law either but the presenter Pace who is obviously a driven entrreprenuer who presents himeself well then loses allot of the credibility I granted him at first impression from the video when I learned about this fairly important detail which, given his analysis, he certainly is aware of but chose ot leave unadddressed. In doing this, my opinion of him thus shifts from initialy a likeable hotshot younger real estate investor (for people like me who have never heard of him) to more like just another person with his own agenda and shifty sales pitch that does not tell the whole story. The video appears to be a straightforward biased but complete analysis, but he should have included these few facts and cold have done so without losingn his main point and message. But by not even mentioning them it raises trust issues with him suggestign he is willing to leave out key elements of the whole story to advance his interests. Its ok to spin things towards one's interests, but to be fully credible and still get your point across, I think he should have included those facts even though it diminishes to some extent his position. Leavingn them out does more harm than good and after learning about them, I view his whole business as one that likely has some points that are hidden and whatever he is selling does not tell the whole story, but rather just the good selling points. So instead of seeing a fair honest business entreprenuer who is likeable and someone I'd consider investing with, instead I am very cautious and highly sketical adn onguard as a potential investor. I hope he reads this and just picks up the concept that if your goingn to pitch something to people like this with an obvious underlying interest in gainign new business, by not addressing the negatives to your point, it ends up workign against you. People will do their diligence, especially in real estate investing, so I believe you gain much stronger credability and trust if you at least present some negatives to your side (or if selling me something brign up the competition and explain why your better). Dont leave out completely some relevant facts only for me to find out about them later. It will turn the initial good feelign of trust into someonen who runs away before you even had a chance to engage with them as it leaves a potential customer with the feelign that its on me to discover any bad parts about your business that I am not being told, and thus I wonder how great your business really is and what are you hiding from me????

[@JaceFalcon]

Abuse by the elite puppet masters.

[@netasedlak9454]

In the middle of this book, you stated that the government has been printing money at a high rate, for the past five years. That actually started with Obama, in 2009.

[@StopStrugglingNow]

@@RC206 2017-2021, nearly 25% of our total usa deficit was printed. As you mentioned, tax cuts. tax breaks without revenue to pay forbthebtax cuts tax breaks is stealing everyone's wealth, except the wealthy who don't pay their share. We do. Plus inflation. Simpler way to look at it. Subsidies, bonds, etc. Inflation because if debt is always on menu and because the rich own corporations, who people buy stocks, keep them rich as they can borrow money against paper that was printed up called a stock certificate.

[@karencarr5373]

@@CryptoRunner. First off this video is about the taxation of unrealized gains no matter what your business or investing is and not about investing in his business . And KAMALA does not have the intelligence to come up with ANY IDEA OF HER OWN and is pushing this agenda she has been given ( I’ve heard her say this is part of her new agenda if she is elected ). It is a known fact that the people actually running this country have an agenda that she MUST follow as she has been her entire career (. Starting with being Willy Browns call girl for job promotions ). Look it up .

[@paulbrungardt9823]

" This applies only to people who have 100 million in wealth."--- First they came for the capitalist, and I did not speak out-because I was not a capitalist. Then they came for the trade unionists, and I did not speak out-because I was not a trade unionist. Then they came for the Jews, and I did not speak out-because I was not a Jew. Then they came for me-and there was no one left to speak for me. -Martin Niemöller--1937, Speaking of the Nazis in Germany

[@amiethesdrealtor1178]

not true it applies to every homeowner

[@paxamdg2712]

Slipper slope theory in motion

[@JeffPuglisi]

This deserves more thumbs up.

[@epg644]

Nice miss quote. Try pasting the actual.essay. Not your made up version

[@stefanyromo9513]

10,066 people make up 100millionaires in the US could be potentially affected by this. 168.6 million women in the US are affected by the Roe V. Wade. This guy is making himself sound like a savior by providing jobs, but the moment his wealth is potentially affected he threatens to leave the country leaving all of his workers unemployed.

[@MgtowRubicon]

Nobody should pay any tax other than a flat-rate consumption tax on finished consumer products with no deductions, credits, or exemptions for anybody. Taxes should only be paid at the end of the productive cycle of capital, which is consumption. Thus, only a flat-rate consumption tax on finished consumer products is the fair way to create tax revenue. There would be no deductions, credits, or exemptions for anyone; the consumption tax is relative to the ability to spend and consume.

[@StopStrugglingNow]

@@MgtowRubicon Unfortunately, the number tax wise have been estimated to be 20%-25% tax rate to get the same revenues as current tax system.

[@kimbrown2337]

In researching it - It looks as this would only apply to those that have over $100 Million Net worth. This wouldn't affect over 99.9% of people. So most of us are safe!

[@RoboPalInc]

Yup, it is an insane proposal that would destroy middle class completely.

[@islesofshoals3551]

That's the plan

[@sharonc.2207]

Vote Trump 24, all the way.

[@deplorable2767]

What middle class, this guy owns hundreds of homes that individuals families can own, he's rich and drives up proces and competing every neighborhood. He's the problem.

[@kimbrown2337]

Won't touch the middle class - in the details, it's only going to apply to those that make over $100 million. Hate these scare tactics..

[@MyriamS-d8s]

Their goal is to have no middle class. They want us poor and dependent on the government.

[@Beckylouis-c4c]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@wisdommelody9]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@Mongarnsamuel]

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

[@Frankloredo-z9p]

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks

[@Mongarnsamuel]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Frankloredo-z9p]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@Sanchyfab]

It seems like it could really shake things up for real estate investors.

[@Patrick-x1h]

The proposed changes could impact property depreciation deductions and tax breaks on rental income. It’s got a lot of investors worried.

[@WillParffit34]

I’m concerned too. My portfolio relies heavily on rental properties, and if these tax breaks are reduced, it could affect my overall return on investment.

[@Robby767]

Absolutely. The proposal could change the dynamics significantly. It’s hard to say exactly how it will play out, but it’s definitely a good idea to start planning for the potential impact.

[@camela8445Mar]

I’m also wondering how these changes might affect property values. If investors start pulling back because of the tax changes, we could see a shift in the market that could affect prices.

[@Larry1-pl2wq]

I’ve already started adjusting my investment strategy, but it feels overwhelming trying to figure out all the potential implications on my own.

[@LupeBaptista]

Just made a home sale sitting on $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

[@heatherholdings]

I wouldn't stay 100% cash, banks are ruining us in real time with inflation. I'd suggest you employ the service of a seasoned advisor

[@EShepard-]

True, despite having no prior investing knowledge, I got fully invested just before the pandemic and pulled $150k in profits that same year. In reality, all I was doing was following professional guidance, and as of today, I'm only 10% shy of a million dollar portfolio.

[@Wisniewski-d]

@@EShepard- real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed! who is your advisor please, if you dont mind me asking? i'm 46 and need to catch up with investing

[@EShepard-]

She goes by ‘’Katherine Nance Dietz’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@SandraJ.Aleman]

excellent share, just copied and pasted Katherine Nance Dietz on the web, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@ReighDempsey]

According to Forbes Harris's new wealth tax would work like this. "Households worth more than $100 MILLION would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains. It's because the wealthiest people have taken advantage of the tax rules by paying lower rates, because they are able to tap into their resources by "borrowing money" rather than selling something that would trigger tax" So, taxing the unrealized capital gains on these people is the only way to collect it. Ultimately, the big fear tactic is - if the rich are taxed on unrealized gains, then it's only a matter of time before it trickles down to the rest of us.

[@mikesshs]

Exactly yet he either is ignorant to the facts or just lies in this video. I do wish he would have to pay taxes though he cheats the system and it's allowed so he doesn't have to work and artificially increases the prices of homes and rent for everyone.

[@mrsmcguire1628]

When I first heard her talk about the unrealized gain tax. I thought she originally said $100,000 investments because I thought about it then the alarm bells went off, then a few days later it’s $100,000,000.

[@JamesTLangford]

can you link what you are sourcing ?

[@SA-lw8zz]

You are correct. The proposed bill will only affect individuals with a net worth of $100 million or more, a very small group that makes up just 0.002% of the population. To be very precise, only 9,850 individuals that are centi-millionaires and billionaires, and you, Pace, none of his followers fall into this group. Not even close.

[@20dolphin02]

​@@SA-lw8zz it will effect everyone. In 1917, the top rate was increased to 67 percent, and in 1918 the top rate was increased to 77 percent and the threshold was lowered to $1 million. After the war, the top rate was gradually reduced along with the income threshold. From 1925 through 1929, the top rate was 25 percent on income above $100,000.Mar 29, 2024

[@ChristineEspinozaRealtor]

I thought this only applied to people worth over 100 million? Also how are they going to do these calculations to come up with the correct numbers of those gains? It’s an absolutely crazy proposal and I can’t find specific information on how it would be played out

[@TheBigDumbWhiteGuy]

If you force rich people to sell 25% of their holdings to pay taxes, stock prices go down. Guess who the biggest owners of stocks are? 401K plans. This is a tax on everyone.... Even if they lie.

[@BGoff]

Is this hyperbole? This tax plan he is talking about would only apply to people to people who make over 100 million dollars a year. Don't believe me, Google it. Every single source both right snd left say the same thing. Will the 100 million in income come down in the future? Who knows. Either this guy is serious or he's trolling all of his subs, which is pathetic.

[@PRESHUSATL]

Would be much easier to just go ahead and endorse Trump instead of mind wrestling with his community😐

[@BGoff]

It doesn't matter who he supports TBH. He's literally here posting false information that none of his followers even fall under.

[@Daniel_TheQ]

Bro.. Do you really think you made a point here? Lol first of all, if his net worth is over 100m, he's simply describing his situation accurately. What part of that is hyperbole? - What's more, is that this also accurately describes the situation of the employers of MILLIONS of people. Do you honestly think that won't trickle down to impact the employees? Honestly? - No clue who you're voting for, and whatever you decide is your choice. But the fact that our society is still unable to pause, and think rationally about the impacts of things like this, is extremely concerning. If passed, this affects everyone.

[@PRESHUSATL]

@Daniel_TheQ So does Project 2025. As a minority does that not concern you?

[@st1gma524]

I ran the transcript of this video through ChatGPT and asked it if there was any misinformation or political bias. Here’s what it said: The video transcript you’ve shared exhibits a strong political stance, particularly in opposition to Kamala Harris and her proposed tax policies. The speaker, Pace Morby, positions himself as a business owner and real estate investor who feels directly threatened by these policies. Here are the key points where the political stance and potential disinformation are evident: Potential Disinformation: 1. Unrealized Capital Gains Tax: The speaker claims that Kamala Harris is proposing a 25% tax on unrealized capital gains, which he describes as taxing “fruit that you have not even produced yet.” While there has been discussion about taxing unrealized capital gains, it’s crucial to verify whether such a specific proposal (25% annually) is accurate or exaggerated. The speaker does not provide direct evidence or cite sources for this claim, which could mislead viewers if the proposal is not as described. 2. Canada Comparison: The speaker claims that Canada has already passed a law similar to what Harris is proposing, leading Canadians to invest in U.S. real estate. This claim should be fact-checked, as it could be misleading if the situations in Canada and the U.S. are not directly comparable. 3. Impact on Job Creation: The speaker asserts that tax increases on the wealthy do not help the country and that 74% of the tax breaks under Trump went into hiring and job creation. These statistics should be scrutinized, as the effectiveness of tax cuts for the wealthy is a heavily debated topic with varied interpretations. Conclusion: The transcript reveals a clear political bias against Kamala Harris and her proposed tax policies, with a strong emphasis on the negative impact these policies could have on real estate investors and the broader economy. The speaker uses fear-based language and makes several claims that may require further verification. If you are concerned about disinformation or bias, it would be wise to cross-reference the claims made in the video with credible sources and fact-checking organizations.

[@dukesofpreppercounty5297]

I absolutely love this idea!!! Tax 25% of unrealized gains to investors! But with 1 small tweak....25% tax only to foreign investors. Not US citizens.

[@magic1keys]

Explain your logic !

[@dukesofpreppercounty5297]

@magic1keys make foreign investors (e.i., Chinese citizen that live and reside in China but buy up all the American farm land and properties for their investment and gains to go back too China and not here in the USA.) Pay more of their fair share for making it so expensive that an average American family here in America can't afford to buy a home. Is that hard to understand. Not taxing Americans that live and invest here and make jobs here in America. Makes sense to me.

[@mamabar6811]

Yes! Tax the foreign investors or give them the option to sell the property back to an American citizen.

[@tomotombo]

This is wild, people really need to pay attention. If she gets in I hope it gets vetoed.

[@nsasuke7260]

So let’s say you buy a house you live in. Your house has a gain…you will be taxed too. It’s not just investors. Only way it doesn’t affect you is if you rent. Government owning everything.

[@windingtrailsfarm6918]

This proposal doesn’t jut effect real estate

[@danielsuniga4596]

Whether it only affects people worth $100 million or not, taxing an unrealized gain is ridiculous. As far as the government goes, like any other person, getting more money is never the solution. You have to learn how to properly manage it

[@Jaredpese]

Preach! And to think it’ll stop at millionaires is crazy. They’ll take those taxes, use it improperly, then add a lower income branch to the unrealized tax scheme.

[@elleandrew2375]

Yeah but applying for and getting loans based off of unrealized gains is also ridiculous

[@fredgupton138]

This is one of the people who call me every f--ing day wanting to buy my house that's not for sell.

[@Tactical-Black]

Lol me too, one rilled up on me at work

[@Elena-rt9yu]

With all due respect, is your legacy now 100 million worth? Cause that’s who is being targeted

[@MrWisdom4U]

Looking at one IF IT HAPPENS issue like this and deciding to reject a candidate is short sighted. Additionally I have not found your claim that Canada has unrealized capital gains tax.....so it hasn't already happened in Canada. We have strong Lobbying system in the USA which would fight and not let this happen. So don't be guided by fear, let morals and humanity guide you.

[@fredgupton138]

@@MrWisdom4U think you got the wrong post

[@hayonimengi4171]

I hate them for that

[@greenrhinoproject]

So I just posted a fact check link that got deleted. This video was a waste of time because of these reasons at least for most of us who don’t make $100 million. This includes the new tax on unrealized capital gains. It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.

[@SuperOmgitsu]

I came to post this! 😂

[@joshcampos62]

Pace and his team had a portfolio greater than $100 million you nut. All the people that rely on those projects getting done get destroyed. You clearly don’t understand

[@khyron4eva]

You think the income limit won't come down over time? People with $100M in net worth can leave the country rather easily. Can you?

[@gouthamreddy444]

It's only for 100million and high net worth people not for most of America .

[@SA-lw8zz]

Exactly. He said he did his research but obviously he didn’t. It’s a shame that someone like pace will spread misinformation like this.

[@chicoventura]

It always rolls downhill to everyone. The government doesn't manage money well... They just need to cut spending.

[@jakejake7289]

I haven't seen the details but I thought she was proposing this for people with over $100 million in networth. Billionnaires avoid paying cap gains tax indefinitely by simply borrowing against their billions in stock. THAT is a loophole that should be addressed.

[@BestoFornitero]

Appreciate your continued dedication to helping average folks try to build wealth and not get rekt in the process, I love your confidence so keep shrugging off the naysayers. Your experience is clear and I look forward to your pragmatic and bullish viewpoints in a world that’s increasingly easy to get caught up in the constant negativity and bearish sentiment.... Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@BestoFornitero]

Use her name to quickly conduct an internet search.

[@BestoFornitero]

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

[@BestoFornitero]

@Infurnaevely1

[@RissJesse-lm9fm]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@kristenxmarie00]

I appreciate the professionalism and dedication of the team behind Francine's trade signal service.

[@petervanderveen2340]

You won't have to worry about any tax liability if a tax like this is implemented because real estate won't go up in value if there isn't any profit left for the investor

[@davidabner8885]

It's a bad idea, unless the government is going to pay back 25% of losses on market downturns

[@dalewatson2327]

Thanks for the video. Just before I saw it I was thinking the same thing, where can I go to get away from this pending insanity? We also have tenants, and if unrealized gains are taxed and rent controls are implemented we will just sell our under market rental properties and look for an alternative country. Who suffers the most? My tenants who will have to fight for whatever places to live at ridiculous prices, some who may end up homeless... Yeah, it's unbelievable policies the Harris team is proposing, and if implemented those policies intended for the poor will actually turn the poor into the destitute.

[@solomonburke9213]

Is she taxing the annual appreciation? That's what this sounds like. It is not fair to tax someone's equity every year before they even sell. What if they never sell? They still are paying more and more of their capital gain even though they haven't sold. Not only is that not fair, it is demoralizing for those who are working hard to build wealth. It's a pre-tax of generational wealth because it is government confiscation of your equity. This effects our legacy and reduces what we can leave for our children. This is not political for me. Politicians on both sides exaggerate and lie and seldom deliver. But numbers don't lie.

[@jacobyatako]

Its not actually a proposal she has put forward. This was a Biden proposal they are attaching to her. Wait until you ACTUALLY here her tax proposal to make a decision.

[@xejelah]

Harris didn't release a new tax plan. Instead, her campaign said it agrees with a series of items in President Biden's last budget proposal, the most relevant of which were nonstarters in Congress and didn't become law. This includes the new tax on unrealized capital gains. It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.

[@RC206]

@@xejelah "Upon exit" of what exactly? Yes the top hedge fund manager COMPANIES would be badly affected. It would significantly reduce the profitability of their companies, and the profitability of their clients, too. You'd think that all the Unions would be up in arms at the thought of this idea.

[@wil_L]

Where did you get that this is happening in Canada? I live here and I've never heard that we were getting taxed on unrealized gains. You need to check your source

[@richieuhh85]

Don’t vote for the person. Vote for the policies!

[@holly0017]

Sure, As soon as Trump stop running for office.

[@davidpatton2296]

@@holly0017fool

[@dylaneasley4909]

@@holly0017 hope you go homeless

[@YeaYeaYeaYeaYea]

100%

[@liusantiesteban1]

I KNOW how this end. I am from Cuba. The first law of Castro was about land and the second was about real estate. He destroyed Real Estate Market in a year. This will be bad and not only for investor but for everybody, tenants, first time buyers, property owners, every f... body.

[@YO-np6jv]

I can see this being applied to everyone down the road.

[@paulpapamarkos252]

From what I read I thought the proposal which is no different than Biden's proposal applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). There would be a deferred tax of up to 10% on unrealized capital gains upon exit. The proposal would not apply to most startup founders or investors. It will effect top hedge fund managers.

[@dubya2010]

Correct

[@leha696]

Most of the people don't read past the headlines. Pace is purposely providing incomplete and misleading information for his own benefit. Shame!

[@richardneville3731]

You're stupid if you think it stops there. Do you know the income taxes you pay today were once only for the rich.

[@ObstaclestoOpportunities]

The fund managers and funds manage majority of middle class retirement plans and capital

[@christopherdoss8627]

This unrealized gains tax applies to those who make a minimum of $100 million. Therfore it doesn't apply to most people. It would impact the 1% at the top and means nothing for most Realestate investors.

[@Ju8-du6uc]

Pace doesn't seem very neighborly he should read up on profit sharing

[@jenniferoset243]

I love how educational this was. It's easy to just say "Vote Trump" or "Kamala sucks!" but to educationally rationalize why the things they are standing for won't work, is what needs to be talked about! THANK YOU

[@Robuilt]

Great video. All valid points. One thing I think you left out (and I believe this to be mega relevant) is that Kamala’s tax plan is specifically aimed at those with wealth in excess of $100M. Now, of course, this affects you specifically. Which, trust me, I sympathize with you (especially when you put it in perspective of how it affects your employees), but this isn’t really dropping the hammer on the every day real estate investor. And I believe the added context is important. Love you, Papa.

[@frautay]

He also fails to mention that “within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate).” You should mention that part. To use your real estate as an example on taxing unrealised capital gains when your real estate wouldn’t even be subject to this is disingenuous to say the least.

[@RC206]

@@frautay You don't know what his wealth portfolio is, so you can't say that his real estate and/or other assets won't be subject to this horrible tax proposal.

[@frautay]

@@RC206 he literally says it in the video. 🤦🏻‍♀️

[@RGforLife22]

@@RC206yes but he phrased the title as click bait to get lazy people to not vote for her

[@imageisn0thing]

But that's just the start. They will lower that threshold over time. There has never been a tax repealed over time. Taxes are only increased.

[@kristopheralexander7122]

You talk about it being unfair that you would be taxed before you even sell the properties but you seem to have no problem being able to sell the properties and roll them over to another property and still pay NO tax. You just showed us a 15 year plan and at no point do you pay any taxes in that plan. You end up with millions of dollars in your pocket and own a 35 million dollar property and pay NO tax. If the system was fair people would not need "affordable housing", housing would be affordable.

[@scapegoat413]

He defers the taxes to a later time, he doesn’t get to never pay taxes on the sales.. each time he has to re invest the money from the sales or his tax bill becomes due within 90 days or so

[@PaperPilotJack]

I think that is only true for people woth over 100 million in income per year. Not that I like her tax policy either.

[@Coast_to_Coast]

The income tax was was originally supposed to be for the top 1 percent. Now we all pay it. This tax will expand down to the middle class just like income tax has.

[@chicoventura]

The fact that people think this is a good idea astounds me. Dont think this wont eventually come to everyone... Like every other tax.

[@Mark-oq5pf]

Well said! Just imagine if you pay unrealized gains for years and then some kind of disaster hits the area and prices plummet, you don't get a refund!

[@AustinGardner1]

Very illuminating, thanks Pace for articulating the numbers and cents so plainly, and not getting into the politics! Well done! And quite insane

[@sandyshayegray1481]

GREED IS NOT GOOD - INTEGRITY AND COMPASSION IS THE MOST VALUABLE AND PROFITABLE BUSINESS STRATEGY💜💜💜💜

[@sammysam_iam]

Kamala’s plan applies to ultra high net worth individuals with 100M or more, not your average American citizen who is barely making ends meet and who is having their healthcare and bodily freedoms threatened.

[@sarahgalos3962]

It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years. Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit. In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.

[@Beluel]

Thank you Pace for bring this issue to our attention. We need to fight Nov 5 this is ridiculous! She's nuts!

[@Beluel]

Need a link for todays gator class Thank you

[@anthonydaniel117]

@Beluel trump is nuts and should never again be president of these divided states.her idea is great for 100 millionaires and billionaires who brag about not paying taxes while everybody else pay.Take off your maga hat and think for yourself

[@identifying.as.asovereignhuman]

The government needs to learn how to balance their checkbook, not go looking for more ways to unbalance mine.

[@richardavery2244]

Why didn’t Mr. Pace say anything about this new tax proposal applying to those individuals with over $100,000,000 million dollars? So not only is he lying about this tax impacting the real estate market, he is trying to convince you and I that if we buy 5-9 rental properties that we are subject to this tax based upon our future gains should we decide to sell and cash out? Also Mr. Pace is defending the effort by 3 major Wall Street investment firms who are going across America buying up 65% of all new single family home developments and then renting them out, in a Corporate take over of the housing market! This effort is going on now, so that in 5 years middle class home ownership will disappear and the United States will become a renter nation with only 40% of Americans actually owning their home, the rest will be renters that own nothing and have no renters rights or protection under state, county or city rent control! What kind of America is that? Our Nation is built on the Middle class and that is why China is rising! 350,000,000 people in their Middle Class!😂😂😂😂

[@PaceMorby]

I very clearly said I have $500 million in real estate. This does apply to me.

[@jasoncrandall]

Explain how giving the government more money helps the middle class.

[@Lovepinkdress]

And you think Kamala will help you. Seriously 😂

[@vividhaiku]

​@@PaceMorbyI'm against it because the government doesn't spend our money ethically. It's theft.

[@rodneybradley5341]

The federal income tax was supposedly only for the rich when it was first past.. Is that still the case now? NO! All Americans are taxed on their income. Politicians only know to take and they will take and take. It won’t just stop with people with $100 million it’ll end up being literally anyone who has assets. If you’re going to be a sheep that’s fine I guess but at least make sure you’re being herded to a green pasture.. Don’t vote against your own interests. That’s just being goofy.

[@ajkwiatkowski5557]

5:42 - "Who you're voting for will dismantle the entire country." Of course - that's exactly what they want. Who do you think will buy all those once the properties are sold at fire sales to pay taxes?

[@AlexAnderson-h6j]

Where are you getting this proposal information? I would like to read this for myself. I am an investor and want to understand the implications.

[@fennell6]

It may only be for individuals who net worth is over 100M, but there's away around it. Those individuals could just launch an etf with their 100M. Surely, the government wouldn't tax unrealized gains on etfs 🤔

[@gingerkilkus]

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

[@Franklin-gq4si]

I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.

[@williamDonaldson432]

This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio

[@Bellaelena549]

@@williamDonaldson432 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@williamDonaldson432]

Annette Marie Holt is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@RaybellarayRay]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.

[@jacobusdegroot7557]

Taxing unrealized gains is ridiculous and she won’t get reelected if she does it. I don’t think it will happen.

[@JS-pf5fv]

so does that mean the government must give back that money if the market tanks and there is unrealized loss?

[@mb63gts66]

I used to doubt your logic and reasoning.....Now that you've taken a solid stance, I'm now a solid follower and will look further into your subto community. #RESPECT

[@SteveGorham-l8t]

Based on my research, the premise of this video is inaccurate and not based on fact. What I’ve read is the “potential” taxation of unrealized capital gains applies to individuals with $100M or more of wealth. Further, real estate investments are illiquid and may be, with Congressional approval, subject to a deferred tax on up to 10% of the unrealized capital gain, paid over subsequent tax years. Please confirm and advise of your source of information. If this video is inaccurate, please publish a retraction to avoid misinformation.

[@voiceofthefathertv]

at 2:15 he breaks down that his portfolio is "about half a billion dollars" this would definitely apply to him. "may be, with congressional approval" is to fine a line to walk when you are talking about people's livelihood. And even then it is ridiculous to just defer payments.

[@robertm.5816]

The only way an income property will appreciate by $1500000 per year is by increasing the cash flow, in order to sell the property for 35,000000 in 10 years, the property will need to make financial sense to a new investor, so how do you do this by not increasing the rents?

[@jimsteimer7494]

I can understand your concern, but this applies to households with a net worth exceeding &100M…so this won’t impact many real estate investors

[@Tactical-Black]

I dont understand how you can buy a 450000 house and rent it for less than 3000 as 3000 is the mortgage

[@deandremason2457]

That would literally make people go bankrupt or offload tons of properties.

[@grabthemappodcast]

The part about unrealized gains taxes really grabbed my attention because it seems so unfair to tax money you haven’t even made yet. I found it fascinating how you connected this to the broader impact on investors and the economy. Thanks for breaking it down so clearly-it’s definitely something I’ll keep in mind.

[@paulbeach7659]

Pace I am a gator and subto ... I can't find this new policy proposal that you are discussing. Can you post a link to it somewhere?

[@dianalozano4971]

I think that a discussion with people like you Pace needs to be had with her. I think once educated on everything you just covered would open up people’s eyes to how real estate investing really works and helps with affordable housing

[@smh_24]

Affordable housing in which the payment of those rents are made with paychecks that have had taxes withheld from them. Similar to this incentive proposed by the Harris Walz campaign. The reason why co-leasing is even a thing is because of the excessive rent charged to tenants by landlords sitting on properties gaining equity tax free while STILL charging your tenants market rent. So in short you earn money tax free. Don’t pay taxes once you “sell” by rolling it over all on post tax money from your tenants but it’s not fair when you are asked to contribute your share. #weird

[@themisterg.]

You know you don’t see their share right? Your $ and theirs are mostly going to missiles and such right now. It’s not going back to us and our neighbors.

[@ayelettamir6431]

Obviously you don’t know anything about market and financial!!! Please get informed before making such nonsense comment !!!

[@minhchautrinh1492]

I’m a real estate investor. I’m thinking like you are thinking. Where should I migrate to because this will absolutely destroy my career.

[@KC12248]

Taxing unrealized capital gains is insane....how would that not be illegal? You're taxing money from money that's not even there yet...what if a property doubles in value in 1 year, you pay unrealized capital gains tax.......and then the next year the price tanks and for some reason you have to sell the property.....do you get your money back then?? The times we live in are UNREAL...

[@sandraromero5899]

If this passes, I will be shocked!!! Is there an income limit that you CAN earn before they capital gain tax you to deth? Super awesome that you have chosen to commit your life to giving to those who are in need. 😊

[@EricJGonzalez]

This would have no support if it weren't for greedy investors gobbling up every property and driving prices and everyone's else put of the market.

[@davidpatton2296]

Stop being foolish

[@EricJGonzalez]

@@davidpatton2296 it's only foolish to those who ignore the obvious: the majority of Americans can't afford a home. Obviously inflation has a lot to do with it, but so does the insatiable greed of large scale investors.

[@davidpatton2296]

@@EricJGonzalez And a major reason for not being able to afford a home is the policy of the Democrat Party. The answer is not more Democrats in office.

[@maimadixon5717]

@@EricJGonzalez I do think the larger fish needs to let the smaller fish also have opportunity in buying real estate as well. Smaller investors can’t compete with the larger sharks at the same time I prefer not to have more democrats in office. The government already get plenty of money from hard working Americans through taxation, the way end up mismanaging and wasting the money, but then ask for more money through taxation…… I disagree completely. The government is the most greedy when asking for more money. Take your percentage and leave us alone, stop trying to find new ways to tax us.

[@EricJGonzalez]

@@maimadixon5717 I should clarify, my comment about this sort of policy having broad support is not an endorsement of the Democrat party. Just an obvious observation. There are many factors driving up home prices (inflation, cheap lending, etc.), but large investors outbidding the average guy is another factor. Nonetheless, we're due for a correction and no matter how misguided this policy is, people are fed up and will take whatever they can to get their pound of flesh.

[@Ionic_Projection]

The tax on unrealized gains is absolutely absurd. And I'm particular if it were done with fruit and vegetables it'd force the farmers into more and more government subsidies because they literally wouldn't be able to afford to grow food either.

[@MrXoco83]

This would only apply to Americans with a net worth of over $100 Million. Doubt anyone here is making that or more. But if you are and you cant write if off, tough. Do your own research people.

[@ccaputa]

Mr Naive.

[@philwallace8709]

Pace is not worth 100 mil. Do your research!

[@curbstoner735]

Great video. Although your claim that you are sitting on $1.4m is purely speculative given that you state your money is made through appreciation. I don't understand that. A business model based on a debt-income ratio such as yours depends on rising property values and the ability to move them at a price that makes sense relative to your cost-of-acquisition. Your "creative finance" is a good tool, but isnt a better hedge to future market volatility to simply not buy overpriced assets?

[@sheritacotten5293]

none of this applies to tenant buyers properties

[@RipMinner]

No one should be forced to pay taxes on unrealized gains. Also, as important is no one should be investing in houses for profit. Housing needs to be a basic human right and not for profit.

[@amaolud78]

She doesn't care about your employee's retirement, she's trying to secure hers.

[@jayare7750]

so let's say I bought a house for $65k in 2010, I make $65K a year. I go to sell that same home today for $250k. how does this tax bill affect me directly?

[@conniegriffin3569]

Stick to real estate and not Politics. You could have given an example of what the proposed is and kept it moving. Stop encouraging voters to think and vote like you.

[@Totallyoverit]

Imagine paying tax before you even get paid. Like years before. Imagine if the government said, hey, you’re going to earn this much money over the next year. But instead of waiting until you get paid, and taking it as you get it, we want our tax now. It’s the same. As unrealised gains aren’t real gains, they are only hypothetical as you only get the money IF you sell NOW. If the market crashes before you sell, you never get the gain. Are the government going to pay everyone for their losses when they crash the market? All that will happen is the WEF plan of you will own nothing and be happy will come true as everyone will have to sell their property. The only people who will be able to afford to own houses will probably be the government and companies like Black Rock. It’s not an accident that their slogan isn’t “WE will own nothing and be happy”, it just us, not them that will own nothing.

[@rickwarren8161]

The average working person pays 25% to 30% in taxes on every paycheck. However, the 1% and 3% top earners in our nation don't want that applied to them. Yet, they want the average worker to pay for the upkeep of the highways they drive on, and all the other tax paid resources available to them. The average worker demands the top earners pay 25% to 30% in taxes just like they do.

[@deadcell1]

What are you talking about? the top 1% pay 90% of the total taxes in the US. You are obviously poor because if you weren't you would understand exactly what I'm talking about.

[@rickwarren8161]

@@deadcell1 Incorrect information on your part. No need to attack. I do recommend some business classes, social science classes, and conversations with your tax person/IRS. Moreover, Congress long ago made real estate investing a lucrative career regarding yearly paying zero taxes (various strategies but all legal), (unless property is sold).

[@planomax]

@@rickwarren8161 Perhaps a bit off in percentages, but he is right about top earners paying the vast amount of taxes. When all is analyzed, Government employees adjusted, Labor Participation Rate is under 50%. A large majority in fact pay no taxes and receive refunds above what that paid. Care to recommend classes that I need? Everyone blames the 1% or 2% highest wealthy. Somehow, people believe they do their own taxes. The Congress sets tax law and accounting companies use every loophole. Congress and accountant companies are given a pass. Please focus where it can really help.

[@kellyhou9594]

Canada does not have tax on unrealized gain. They are talking about it but not sure if that will become their policy. They did increase the capital gain tax though.

[@leha696]

This only applies to people with 100mil net worth - THAT DO NOT AT LEAST PAY 25% TAX ON THEIR INCOME ALREADY. Kind of an important part there. Pay your fair share of income like the rest of 99.5% of people in US do. Yes 99.5% is a real percentile that you are in with 100mil net worth... and technically you should be paying 25% average tax once you hit 300,000 income, to acquire 100mil you would be earning at least 3mil a year which is 10 TIMES the 300k and earning it since the day you were born. In the 1940s people with that high income paid 90% now we got billionaires crying over 25%. What the hell happen in the last 100 years.

[@sabrinac4535]

Regardless of who you are or income bracket you fall under, NO ONE should ever pay for money NOT EARNED/MADE yet. You should watch the video. He employs a lot of people! What do you think is going to happen when they have to start selling off properties or selling off stock to pay for the unrealized gains? The real estate market, stock market and economy will crash. This is theft and Canada is already doing it.

[@leha696]

@@sabrinac4535 lmao. What is going to happen is that the .5% of the people will be forced to STOP HORDING wealth, which HURTS the market economy. With the top 10% of people holding 90% of wealth it creates a bottle neck and breaks the free market forces. Really the end result is that average Joes and Janes, will have a chance to buy a property. The 'he employs a lot of people so he deserves tax loopholes' is not the strong argument you think it is. There are tens of millions of people that own small to medium sized businesses that employ people and pay their taxes. No reason the top .5% should be treated any different. People over a certain amount of income do not participate in dollar economy in order to avoid paying taxes. The loophole where the top .1% of the people get paid in equity and stocks, only exists because its a tax free haven. Finally, the net worth and 'tax brackets' limits play a major role to make sure that this affects only the people that game the tax code and slip through the loopholes and not the grandma that has owned her house for the last 60 years. So respectfully - you are wrong.

[@leha696]

@@sabrinac4535 Ahh looks like they started deleting my replies. Nice. I wrote a long reply explaining some items they omitted, with some sited statistics. In a sentence, everyone pays their taxes except for the top 1% that uses these equity tax loopholes. Most of the jobs come from middle class business owners who pay their fair share, the 1% shouldn't be treated any differently. Tax brackets are important for this law so this wouldn't affect someone like an old lady that lived in her house for 60 years and now has equity in it.

[@jjjackson5183]

Don't use Windex on your whiteboard. It strips the glossy finish and eventually ruins it. From: a teacher who learned the hard way.

[@KS-sz6ew]

Anyone who votes for her is nuts!

[@nelsonbran4628]

Outstanding video Pace! Bravo 👏!

[@b_easy0823]

She hasn’t proposed a tax plan. Stop trolling Pace. Just say you’re a Trump MAGA Fan and desperately wanting another Tax break. Do a video on the proposed Project 2025 Plan which would take away many rights from the women in your life including your young daughters.

[@EnlightenMeConsultancy]

Get educated. MSNBC, CNN, ABC LIE!!! Newsflash

[@sempert197]

Have you gone to Project 2025’s website? Have your read the 922 pages. They aren’t even associated with Trump 😂. Goes to show how easily manipulated and fooled people are. Mind controlled people who can’t research and think for themselves unless told what to think. Just cause it says conservatives

[@sempert197]

USA is a REPUBLIC not a DEMOCRACY. It’s not up to the government to give woman or anyone any rights. We have rights given to us by our creator. The government's duty is to protect our borders protect our property and protect our Liberty. That’s it! The government was never supposed to go into business of taking care of us we didn’t create the government to do that. We are supposed to have a LIMITED government. In other words we want them to stay out of our business. The Constitution forms government and LIMITS government. The Constitution doesn’t have anything to do with you. You don't have constitutional rights you have constitutionally protected rights. There is no document that gives you any rights you got what's called substantive rights that come from God the right to life liberty and the pursuit of happiness. A man didn't give you that, GOD did! Vaginas, race, gender has nothing to do with it. My body my choice BS mantra and the government can’t tell you what to do with your body is hilarious especially when these same ignorant people believed a mandate was a law and the government, doctors, employers, etc who were trying to coerce you by making you scared into getting the 💉. Many of you blew that my body my choice out the window. That’s how fear mongering works and mind control. They bank on your ignorance! They know if they can scare you enough you will bend the knee and that’s how they control you.

[@IMOD1215]

I concur. What I understood from this educational video is that you never pay taxes on millions of dollars and you’re upset that a statement from Kamala that hasn’t gone into effect yet, has made you mad. I pay my taxes and I own two businesses and work a full time job but we still cannot afford a home. Make sense of that in my hometown. 79316 is the zip code. Do your research and find a better way to stop padding your pockets and this is NOT how America is run. Teach small business owners how not to pay taxes and live comfortably without working three jobs.

[@b_easy0823]

@@IMOD1215 great point. Nobody wants a hand out. I’m a business owner and believe in capitalism but there’s a line people like Pace seem to cross to make as much money as possible at others expense & downfall is immoral. They vote for a horrible human being like Trump just for a tax cut.

[@billymorgan7717]

Those with 100 million+, own apartment complexes and commercial retail properties. If you rent an apartment, the landlord will undoubtedly pass this tax down to their tenants in the form of increased rent. If you shop, Home Depot, Lowe’s, Target, Walmart, etc, they lease their buildings from commercial landlords. The commercial landlords will undoubtedly increase their tenants rents. The retailer will undoubtedly pass this tax on to consumers in the form of higher prices. Long story short, it will affect almost everyone, one way or another.

[@truthByFire]

And that's why we don't vote Harris. Right kids?

[@jeffreywilliams506]

Correct! Besides the landlords will just raise the rents and you guessed it' All the weight will be dumped on the working mans back. Nothing is free someone always ends up with the bills.

[@kimmy722]

Exactly🇺🇸🇺🇸🇺🇸🇺🇸

[@the_stixXx]

Just came across your channel and subscribed. Awesome content. You do an excellent job at explaining the importance of having citizens invest in real estate but i have one suggestion, do not say her name or any name of a controversial person or event that could shadow ban your video. If i post and tey to share this on F.B. I am guessing NOBODY will see it in their feed. People need to see this.

[@larrybyrd6180]

This is highly disingenuous, this tax only applies to people with 100 mil in wealth . I e hedge funds and large corporations

[@tomj7382]

That's how all income tax starts then they come for the middle class. Check the history books.

[@JC_958]

There's a special place in hell for realtors.

[@SandeepSingh-xg4ws]

Great video Pace!

[@Meowmeow.age.6]

Getting taxed on unrealized gains would force me to realize it. I mean if I invest in say QCOM and Intel and they double or something then I have to sell at least half to pay the tax.

[@justinballard56]

It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income. They're not like us. Waste of a video.

[@mmastroi]

I agree with this tax proposal. Real estate is the lowest risk asset, the tax benefits of owning real estate, accelerated tax depreciation, tax segregation analysis, 1031 exchange. All of these have artificially inflated the price of housing and you used the banks money to do it.

[@lottashenanigans]

Pause 1:33 no one said your not providing jobs . Your taking away realestate from younger buyers who don't have a huge wallet too throw around and forcing them too rent , or remodeling the home and pushing it out of there $ budget. Now carry on.

[@kramkram2]

hogging the real estate? you need some education

[@WilliamDauriaInvestor]

No one is forcing you to do anything. You want a property go out and buy it

[@wideawake333]

No one is stopping anyone from buying run down properties and fixing them up to live in. But you will need to be a cash buyer. It's difficult for the typical buyer to get approved for a 203(K) loan that allows for additional money for updates and repairs. Hate the game not the player.

[@MrAdorabao]

Anyone could buy a home today, they just need to be smart with their money. Young adults should start investing in their future early as possible instead of smoking crack and going to the clubs.

[@lottashenanigans]

@@MrAdorabao delusional boomer logic is wild

[@JeremyChevallier]

I’m glad you explained that both sides can learn from each other and come together. That’s why I’m so excited about the “Unity Party” and RFK Jr’s involvement in a potential trump 2024-2028 administration, plus the others.

[@themisterg.]

For the love of God vote for Trump. I’m not rich, I’m dirt poor. I’m not trying to shame you. If you vote for Democrats you will help usher in poverty and unrest never before seen in this country.

[@DavidLund-zl7zg]

Explain very clear and basic to the person that may not understand and a lot of them. Don't that's why they believe in those foolish decisions? They're making, but those decisions need to stop like you say kudos. And good luck in the future,

[@sharon2133]

Vote Trump 2024 🇺🇸🇺🇸

[@hayonimengi4171]

Not happening

[@JevonMusicGroup]

According to what I've read... 1. The plan is for stocks... not real estate. 2. It would be applied to investors with a net worth of $100 million or more. 3. Congress would never pass it because of their involvement in the stock market. I don't understand why legislators don't just close tax code loopholes. Plans like this would be unnecessary.

[@peteroginni2682]

You keep talking about how it does not favor Millionaire, what about middle class, the heart of the nation, who looks out for them? I thought you were always about the little guy?

[@brandontarner8547]

I think Pace did explain how it's going to hurt the "middle class" people that work for his company and invest in his bigger properties to share in the profit gains as a their retirement.

[@oman4229]

I need to research real eastate & I understand your concerns, but (genuine question) wouldn’t the properties you’re trading up to also be cheaper to obtain due to the proposed tax plan making it a net zero loss & properties are sold faster at a cheaper rate?