Anonymous #2 7w

If we cant properly tax the assets and unrealized gains then why do they get to claim them to become billionaires in the first place. If they aren’t real.

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Anonymous OP 7w

It’s all part of their net worth. When you calculate your net worth, you also include your assets: stocks, retirement accounts, house (if it’s paid off), and car (if it’s paid off). You subtract your liabilities: student loans, other debt, mortgage, car loan, etc

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Anonymous #2 7w

Houses shouldn’t be assets. They are placed you live, it’s a tool just like cars. That idea that they are to be treated as assets has caused the housing crisis. But to get to the point unrealized gains should be taxable if they can increase your net worth. If they are an asset they should be taxed. Should they not?

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Anonymous OP 7w

Taxing unrealized gains makes sense to me but idk how the entire logistics of it would work. Do we take a snapshot of everyone’s gains on a certain date? Doesn’t that mean that the market could tank every year on a certain date in an effort to reduce tax liability? What if we just taxed unrealized gains when those assets are used as collateral, such as in the case of a leveraged buyout?

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Anonymous #2 7w

Im definitely not qualified to say but perhaps an based on an average for the year?

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Anonymous OP 7w

Hmm perhaps

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