Is it better to have a tax system that taxes people when they earn income or when they get it in liquid form?
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Replying to @ByrneHobart
One reasonable solution would be allowing people to pay taxes on illiquid assets in illiquid shares. That also prevents the IRS from overvaluing your assets.
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Replying to @stucchio
I've long wanted this to work for property assessors, too. "We assess your house as being worth $650k for purpose of taxes." "SOLD! Here's your keys."
6:54 PM - 14 Nov 2017
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