U.S. billionaires would pay tax on unrealized gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled on Wednesday by the top Senate Democrat for tax policy.

U.S. billionaires would pay tax on unrealized gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled on Wednesday by the top Senate Democrat for tax policy.

Semi-based, shame it will die somewhere in a committee

  • Bernies3trlnKielbasa [he/him]
    ·
    3 years ago

    This particular rule isn't arbitrary and my individual example is simply one example of the reason why this particular rule exists.

    We're discussing income taxes. Taxing "income" that hasn't actually come in yet is bad.