Quote:
Originally Posted by Jim in CT
yes, you’re desperately, and very unsuccessfully, trying to appear like something other than an ignoramus.
I’m not saying our tax structure is perfect, but i’m saying only a complete lunatic thinks it’s a good idea to tax unrealized gains. what if someone has a baseball card collection, the IRS is going to come in every single year and determine the value? same with jewelry, art collections, car collections?
Posted from my iPhone/Mobile device
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You always try and reduce things to stupidity, like most people blindly following directions.
Other people who you would apparently consider ignoramuses like Bill Gates, Warren Buffett, Ray Dalio, Mark Benioff, Mark Zuckerberg, Mark Cuban, Jamie Dimmon all agree that something needs to happen.
Gains are unrealized because our tax code is designed to not realize them until certain parameters are met.