zlacker

>>southe+(OP)
I wonder if this is coming up just before the election because of the Harris campaign’s suggested policy of capital gains tax on unrealised gains for people who have over $100m in assets? I think this is a great idea personally given what these people are doing to avoid paying tax including taking out loans against their own share portfolios. Worth thinking about what people are willing to do to not pay billions of dollars worth of taxes.

>>andy_p+ex
Tax on unrealized gain is total BS. It's BS right in the name. Why don't they just say collateral assets are taxable, so the loan pegged on these assets will get taxed. The way they are going with is pure stupidity.

>>anvuon+7f2
I am with you on that. I think they don’t because this trick is classically used by powerful old money families to generate tax free income from dynasty trusts.