“”calls for taxing the capital gains of wealthy individuals’ investments annually, as opposed to when the investments are sold under current law. Such an approach is known as “mark-to-market.””
Don’t have a clue what he’s talking about but I sure do wonder how you would figure capital gains BEFORE anything is sold.
END ALL loopholes and catch the politicians in that proposal and see how far it gets to a vote!
I could see them imposing an asset tax, a percentage of your equity account, the way a property tax is already assessed. And if “conservatives” keep pushing for expensive new foreign interventions, the Dems will have even more excuse to say we need to raise taxes to pay the bill. War against Iran won’t be free, just as war against Iraq and Lybia wasn’t. And we’re still spending a billion a week in Afghanistan