Dems are also pushing to tax UNREALIZED gains. Bought a stock in 1990 for $100 and it is $101 right now and still in your portfolio? They (DEMOCRATS) want to tax the $1 gain you are sitting on even though YOU NEVER SOLD THE STOCK!
They’ve got to do it to fund their spending.
BUT-—IF the stick went down-—they don’t wish to credit you with that change.
That would really complicate balancing profits against losses in reporting stock sales on tax forms. As if it isn't complicated enough now. We do diligent logging of stock purchases and sales, and the Democrats would drive us crazy if they changed the rules!