[JayGalt]

“Tax unrealized Capital Gains in Real Estate ect.”
How would that work exactly, would you need to sell the property to pay the tax? Great plan.

[C19fan]

How would that work exactly, would you need to sell the property to pay the tax? Great plan.

Yeap sell or use the asset as collateral and borrow the money to pay the tax.

[Ouderkirk]

This is a screwball proposal..

Let’s say you bought your house 10 years ago for $300k. Today you could sell it for $330k. So I am going to have to pay taxes on the $30k in a single year as ordinary income based on my salary + $30k ?

[ProtectOurFreedom]

Simple.

1. You pay the tax on the unrealized gain.
2. You sell the asset to pay the tax on #1.
3. You pay tax on the realized gain in #2.
4. You move the pittance they left you to an offshore bank account.
5. You move to Belize or the Philippines to afford a meager retirement.

[FatherofFive]

How would that work exactly,

Democrat plans don't need to work. They just need to feel good. Like Social Security. Medicare. Welfare. Etc.