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This article is calculating “real tax” by including taxes on Unicorn Installing Muscles Please Wifi LGBT Shirt unrealized capital gains. Investments in equities, property. What do we think about that sort of change? I am not in Bezo’s league but I have a very modest IRA and I own a small house. Where would I get the money to pay taxes on my house and IRA? Sell the house? Liquidate my life savings? Not interested. An alternative solution might be to put a threshold of say $15M, $25M, or $50M and tax unrealized capital gains above the threshold. The downside to this is that as investments are liquidated to pay this tax, publically tried stock companies will lose capital; if it’s significant it could negatively affect the economy, e.g.

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Growth in production, innovation, jobs, Just because your net worth Unicorn Installing Muscles Please Wifi LGBT Shirt increases. But that doesn’t mean your income does. The money you make on ownership of stocks, other than dividend payments, is not technically income until you sell the stock. I was laughing because I do a few of the things they listed. So they aren’t taxed on unrealized gains. This article is proposing that the value of assets, stock, and real estate needs to be taxed as the asset grows. Not supporting these billionaires, but that is a very dangerous precedent to set. It could work if the top 25 billionaires or the ultra-wealthy were taxed on these gains past a certain threshold of income each year.

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