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good politics from Biden, but ethically unsound, especially on taxation of non-realised gains. What happens if those assets lose value in any given year - do th
by hunglee2 5y ago
good politics from Biden, but ethically unsound, especially on taxation of non-realised gains. What happens if those assets lose value in any given year - do the billionaires get a rebate?
- missedthecue 5y agoAdditionally, an extra estimated $36 billion per year in tax revenue, especially in the face of all the new spending initiatives seems like it barely worth the effort. I wonder how much would be spent trying to reduce this new tax liability. More or less than $36B?
- hunglee2 5y agohadn't actually looked into the expected receipts - maybe it is entirely politics, in which case great for Joe + great for the tax consultants. But a horrible precedent on non-realised gains - got to mean investment flight out of the US
- deleted 5y ago[deleted]