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Most modern wealth alternative-minimum tax proposals allow individuals to effectively give the taxed percentage of the difficult to value asset to the state to
by scoofy 1mo ago
Most modern wealth alternative-minimum tax proposals allow individuals to effectively give the taxed percentage of the difficult to value asset to the state to be converted to a tax payment upon a liquidation event.
This is being used as a corner case to thwart wealth taxes that in the vast majority of cases involve well valued, liquid, publicly traded securities.