The unrealized capital gains tax is basically a wealth tax, not an income tax, and I don’t see it surviving legal challenges. Can you imaging the government managing a tax based on wealth ? They can’t do anything well…that would a disaster…like most big government programs.
Will we be able to deduct capital losses?
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They have not said one way or the other. I suspect no which is why I’m against it. A good example is the ceo of peloton was a billionaire, now he’s broke