zlacker

> How do you know you have over 100m in assets?

If your bank determines that assets you post for collateral are worth 100mn or more, that's a pretty good indication.

>>sealec+(OP)
So if I don't apply for a loan, I don't get assessed, which means I don't pay taxes? Anyway, the system is not that simple and bank assessment would be trivial to game. People do it now even without taxes on the line...

>>sealec+(OP)
That's an estimate to enable business to go on based what the bank is willing to risk.

For the proposal to work you would need an estimate good to within less a percent. Or lawsuits galore.

>>sealec+(OP)
Ah yes banks. The people responsible for the 2008 crash.

>>rv3909+52
It's one of many things that can give you some idea what an asset is worth.