I see the Administration is proposing to tax unrealized gains at 20%. You would basically be hit with an estate tax without going to the trouble of dying.
The “Billionaires’ Minimum Income Tax” would kick in at $100 million of however the government reckons net worth (guess that sounded better than “the Decibillionaires Tax”). Of course, at the current rate of inflation, and with some creative valuation we may soon see a significant increase in unacceptably wealthy citizens needing to be shorn of their “fair share”.
There are currently 1 users browsing this thread. (0 members and 1 guests)