Close the Interest Carry Forward Loophole that allows Wall Street and Hedge Funds to avoid paying taxes.
Eventually the Unrealized Capital Gains tax will force homeowners to pay capital gains tax on increases in their home values.
BUT!!!! Good luck if there is a bust in the housing values like 2007-10! My house decreased 30% in value, so would that be a tax deduction?
Same with unrealized investment gains. The "dot-com bust" of 2000-02 had investors crying. Would these IDIOT LEFTists think that neither of these RECENT market corrections could happen again?
The stupidity ... it BURNS!
Eventually the Unrealized Capital Gains tax will force homeowners to pay capital gains tax on increases in their home values.