to the question "how would you tax unrealized gains?", I would respond, "it doesn't really matter let's just figure it out on the fly"
Would be a massive giveaway to private equity funds that only mark to market 4 times a year, they would have a sudden fundraising bonanza
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This isn't to make a value judgement in either direction, I'm just observing that illiquid shit would gain an added dimension of usefulness in a world where unrealized gains are taxes
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Most people pay income tax once a year
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A fair point! I guess this raises the question of fairness regarding the timing of tax season, like if my widgets pump right before tax time, I pay a big bill, and dump right after do I get any rebate or am I just holding the L because tax season falls on a specific date
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