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This is insane. Can we write off unrealized losses too?

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· Oct 25, 2021

US Treasury Secretary, Janet Yellen, suggests imposing a tax on unrealized capital gains. This means stock gains will be taxed even when they have not been sold. It also means that taxes will be owed when the value of a home appreciates, even though it has not been sold.

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Every loan is against something. How does this play out in practice? Only fully unsecured loans would not cause some appraisal and tax event? Are we going to value good will/reputation What if you default and your assets do end up going to the lender by way of the court system?

2:33 AM · Oct 25, 2021Twitter for iPhone

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