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"
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Most people pay income tax once a year
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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totally, i could see someone getting burned there
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I find the unrealized capital gains tax super fun, honestly I feel like one easy thing would be like, everyone under 10M gets to normal rules but more than that we just start taking your money, I think that was kind of the Warren campaign thing back during the Dem primary
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