If you don’t sell your stocks and properties you don’t generate capital gains, so no tax. Personally I find high tax rates to be a disincentive
to sell my investments and buy others . So I sit on them . The net effect is reduced economic activity and no taxes incurred. I’m sure I am among millions making similar decisions to forego taking gains att
That was the point I was trying to make. A capital gain is not a gain, until the equity is sold. The prior poster did not understand or was not clear on that matter.
Not only is the potential revised rule detrimental to selling equities, but is will be a dis-incentive to purchase new ones.
Obolo and his band of dumbasses are masters of the law of unintended consequences.