> Shares in ownership are not taxable because their true value cannot be ascertained until they are sold <
The county I lived in (my post #93) just picked an arbitrary date. I believe that it was December 31 of the previous year. You were supposed to pay a yearly 1% county tax on the value of your stock shares as of that date.
I just ignored it. And as I mentioned earlier, I never heard from them one way or the other.