Tax on Billionaires’ Unrealized Gains

[RafPinto]

How silly is that?

 

https://www.wsj.com/articles/tax-on-billionaires-unrealized-gains-will-likely-be-in-budget-package-democrats-say-11635096384

[Will B Good]

Not at all silly.....why should rapid gains in capital wealth (almost exclusively the already wealthy) remain totally tax free whilst PAYE (usually poorer working people) pay tax on every penny they earn.

 

If my salary doubles from 40k to 80k I have to pay 45% income tax on the increase, whilst a multi-millionaire's mansion doubles from 500k to a million and they don't pay a penny?

[CharlieH]

Already running here;

 

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