Quote:
Originally Posted by redpoint5
Whelp, pop quiz has been graded.
I'll just reiterate the point that "unrealized capital gains" is indistinguishable from any other fictitious scheme; like taxing lotto winnings prior to determining the outcome, or taxing a possible vehicle purchase in the future, now. Only dummies, dodos, and dullards would propose such nonsense.
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Taxing unrealized capital gains is no different than property tax. Both are based on the value at a specific time.
Solves the issue of the extremely wealthy that take loans against their stock portfolio to fund their day to day living in order to never actually realize gains and pay taxes.