"unrealized capital gains" aren't taxed because they're not income until you sell the asset.
This is designed solely to ruin middle class investors, because you know the truly rich people have a million loopholes to get deductions and exemptions.
It's just naked wealth confiscation. Every year you are forced to sell assets and turn the cash over to the government for your unrealized gains tax. Confiscatory wealth tax by another name.
Remember, these people overspend by $2-3 trillion every year.
"unrealized capital gains" aren't taxed because they're not income until you sell the asset.
This is designed solely to ruin middle class investors, because you know the truly rich people have a million loopholes to get deductions and exemptions.
It's just naked wealth confiscation. Every year you are forced to sell assets and turn the cash over to the government for your unrealized gains tax. Confiscatory wealth tax by another name.
Remember, these people overspend by $2-3 trillion every year.