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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totally, i could see someone getting burned there
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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That's more or less what I am imagining. Like anyone who needs to worry about a big pop before tax season, for example, doesn't actually need to worry about their wallets
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