Tax Capital Gains Before Asset Sold?

The real purpose of such an impractical proposal is to pull in campaign contributions both from those in favor and those opposing. By the way, if it passed, every publicly traded company in America would go private. That is already happening now at a slow rate; it would just hugely accelerate.

(From RedState)

Under Mr. Wyden’s proposal, someone could pay taxes on an investment one year as it rises, even if the investment later falls.” He added that “the plan would go nowhere as long as Republicans control one part of the government.”

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