3 ms·
Taxing unrealized capital gains isn't happening because Amazon is lobbying the federal government, it's a fundamental premise of the US tax code and starting to
by bpt3 5y ago
Taxing unrealized capital gains isn't happening because Amazon is lobbying the federal government, it's a fundamental premise of the US tax code and starting to tax them is arguably unconstitutional (I'm not arguing it is or isn't, but I've seen arguments that it is unconstitutional from reasonable sources).
- monocasa 5y agoI would find it hard to believe it's unconstitutional given that the 16th amendment defers the definition of taxable income to US code. And Amazon's lobbying isn't the only reason, but it is a reason.