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No, it's a bad hypothetical.
by tldrthelaw 1y ago
No, it's a bad hypothetical.
- aurareturn 1y agoNo it isn’t. That’s exactly why taxing non realized gains isn’t common around the world.
- tldrthelaw 1y agoAs above, it is common. See: property taxes and mark to market. It is perceived as being administratively infeasible because the folks who would be paying the biggest bills want you to believe that.