theplatinumbear on Nostr: How do you tax something that is unrealized? Is there unrealized loss, will you get a ...

How do you tax something that is unrealized? Is there unrealized loss, will you get a tax break for unrealized losses?

quoting note18l5…khns

Let me be clear. If Kamala Harris somehow forces a 25% unrealized capital gains tax, the flight of capital out and subsequent collapse of the US markets would be absolutely breathtaking. And the ultimate result would be far lower tax revenues than we have right now.